Amazon surpasses Walmart in worldwide numbers

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BENTONVILLE, Ark. (KNWA/KFTA) — Walmart has been surpassed by its biggest online rival.

According to a New York Times article, Amazon has moved past Walmart as the world’s largest retail seller outside of China.

This news comes just a day after Walmart released an earnings report showing it exceeded revenue forecasts for the second quarter this year.

Amazon earned more than $610 billion in the year ending in June 2021, while Walmart brought in $566 billion in that same timeframe.

The New York Times reports Walmart still outsells Amazon in the U.S., but JP Morgan projects Amazon will take the top spot next year.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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