CNBC: Amazon will overtake Walmart as the largest U.S. retailer in 2022, JPMorgan predicts
Amazon is on track to surpass Walmart as the largest U.S. retailer by 2022, JPMorgan analysts wrote in a note published Friday.
Analysts say the pandemic helped propel Amazon to grow at a faster pace over the last year, “Stuck-at-home consumers turned to Amazon for a plethora of goods ranging from toilet paper to workout gear. They also relied on Amazon for services they might not have otherwise considered, such as online grocery delivery.”