JPMorgan says Amazon is growing faster than Walmart in the US, and expects it to match the latter’s domestic US sales by 2020 or 2021.
Key drivers for Amazon, according to JPMorgan:
· its “Prime” ecosystem;
· endless aisle driven by third party seller expansion;
· massive growth in large, unpenetrated categories;
· reduced friction plus moving closer to customers.
You can read more at Retail Dive.