Amazon has surpassed Walmart for the title of world’s largest retailer outside China, according to a report from The New York Times. The report is based on data compiled by the financial research firm FactSet. Amazon took in more than $610 billion over the past 12 months while Walmart took in $566 billion. Analysts credit an increased reliance on e-commerce during the pandemic for Amazon’s success. Sears took the title of “world’s largest retailer” from A&P in the 1960s. Walmart took it from Sears in the 1990s. Alibaba, the giant online Chinese retailer, is the world’s top seller. Neither Amazon nor Walmart is a dominant player in China.
