Walmart: A Formidable Player in the Retail Industry

Walmart (WMT) often invites criticism for its poor treatment of employees, low salaries, foreign product sourcing, anti-competitive practices, and racial and gender discrimination. And yet, with all its questionable policies and business practices, there is no denying that Walmart is the largest retailer in the world after Amazon. In June of 2022, Walmart claimed a 6.3% market share in the US, which amounts to $572 billion in sales. Walmart’s only powerful rival to date is the titan Amazon.

Amazon’s 37.8% market share and faster-growing year-over-year revenue indicate that Walmart might not return to the leading position it had long enjoyed. But Walmart might continue retaining the second place of honor among large retailers. Even Apple has a smaller percentage of the market share — 3.9% — than Walmart. Other powerful companies — Costco, Kroger, and Walgreens — also do not hold a candle to Walmart, while smaller retail firms go out of business altogether once Walmart opens in their territories.

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