Amazon holds on to top online retail spot

As e-commerce sales proliferate, Amazon holds on to top online retail spot

According to a recent research report from JPMorgan, Amazon is on track to overtake Walmart as the largest U.S. retailer in 2022, as it gains a greater and greater share of the total e-commerce market. Consumers’ accelerated adoption of internet shopping during the Covid pandemic has also provided a lift to other areas of Amazon’s business, too, JPMorgan said. EMarketer is forecasting that total digital sale in the U.S. on Prime Day will jump 17.3% year over year to $12.18 billion. Sales made exclusively on Amazon on Prime Day will grow 18.3% from 2020 levels to $7.31 billion, it said.

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