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Amazon vs. Walmart: Which Giant Will Dominate E-Commerce
E-marketing due to which the economy has grown in the past year to twice thrice is the result of ECommerce. Several firms and retailing companies have so far stood strong despite the fierce competition they face all around the world.
Some of the well-known retailing companies include Amazon, Walmart, Flipkart, eBay, Snapdeal, jabong, HomeShop18, and Myntra.
E-retailing holds a promising career in business. This sector is still unravelled and is now explored to its fullest. The entrepreneurs coming up are the young minds that could see how the market is increasing on this page.
Introduction
Online shopping has taken a new face since the 1960s when Walmart had stored in the U.S. but due to certain reasons, Sam Walton decided to twist it by delivering the goods and services to the people of rural areas.
Under Sam Walton, many trucks began to run through which he started the trend of online shopping which used to be according to the consumers’ demand.
Since then many platforms i.e., retailing companies tried their hands-on e-commerce but not everyone became successful. Walmart was not a full-time E-retailing company instead they also focused on their offline sales too through numerous stores they had in other countries.
It ruled for around 3 decades after which Amazon was founded on July 5, 1994. The founder and now CEO of Amazon is Jeff Bezos, who had the vision for the company’s explosive growth and E-commerce denomination.
When amazon came it directly started as an E-commerce sector firm that grew year by year and now is the largest retailing company of the era. It is a one-stop solution for anything and everything kind of need.
The major consumers of Walmart are the lower class and the middle-class people. The target of amazon is the lower middle class and the higher-class consumers.
The range of products selling over the retailing platform of Walmart is family items, home furnishings, toys, pet supplies, jewelry, beauty aids, and housewares.
The range of products selling over amazon’s platform is lined as follows- books, DVDs, beauty products, apparel products, gourmet, scientific supplies, kitchen items, musical instruments, etc.
OUTLINE
What is Amazon?
In India, Amazon launched itself in June 2013 called Amazon India. The company launches its website through which the people of India get a facilitated service. The door services are what make it easy for consumers of all classes to return to the online retailing store.
The range it sells starts from- books, DVDs, beauty products, apparel products, gourmet, scientific supplies, kitchen items, musical instruments, etc.
The website through which it communicates is Amazon… The retailing company so firmly in the abroad services that the people of India gave it an order of 10,000 products on the very first day.
The net revenue of amazon was nearly 6.78 billion U.S. dollars in 2004 which grew to around 19.17 billion U.S. dollars in the year 2008 and just one year the net revenue the retailing giant earned was 24.51 billion U.S. dollars. Later on in the year 2014, the revenue collected was 88.99 billion u.s. dollar.
In the year 2021, it showed tremendous growth by collecting a revenue of 469.01billion U.s…
What is WALMART?
Walmart is a retailing giant hailing third position in the world over the graphs of E-commerce. Online shopping has taken a new face since the 1960s when Walmart had stored in the U.S. but due to certain reasons, Sam Walton decided to twist it by delivering the goods and services to the people of rural areas.
Under Sam Walton, many trucks began to run through which he started the trend of online shopping which used to be according to the consumers’ demand.
Since then, many platforms i.e., retailing companies tried their hands-on e-commerce but not everyone became successful.
Walmart was not a full-time E-retailing company instead they also focused on their offline sales too through numerous stores they had in other countries. It ruled for around 3 decades. It gives tough competition to the E-retailing companies and maintains the top position.
The growth trends of Walmart since when it came into play are as follows – in the year 2012, the total revenue collected was around 446.51 billion U.S. dollars. In the year 2014, the revenue collected increased to 476.29 billion U.S. dollars. The year in which it grew to 514.41 billion U.S. dollars showed some significant growth in the profit per cent in comparison to the last few years. The revenue that Walmart managed to carry to the company’s bank was 559.5 billion U.S. dollars.
Comparison between the two retailing giants and their rate of profit-making pace over the past years?
The website through which it communicates is Amazon. The retailing company so firmly in the abroad services that the people of India gave it an order of 10,000 products on the very first day.
The net revenue of amazon was nearly 6.78 billion U.S. dollars in 2004 which grew to around 19.17 billion U.S. dollars in the year 2008 and just one year the net revenue the retailing giant earned was 24.51 billion U.S. dollars. Later on, in the year 2014, the revenue collected was 88.99 billion U.S. dollars.
In the year 2021, it showed tremendous growth by collecting a revenue of 469.01billion U.S. dollars.
Walmart ruled for around 3 decades. It gives tough competition to the E-retailing companies and maintains the top position.
The growth trends of Walmart since when it came into play are as follows – in the year 2012, the total revenue collected was around 446.51 billion U.S. dollars. In the year 2014, the revenue collected increased to 476.29 billion U.S. dollars. The year in which it grew to 514.41 billion U.S. dollars showed some significant growth in the profit per cent in comparison to the last few years. The revenue that Walmart managed to carry to the company’s bank was 559.5 billion U.S. dollars.
FAQ’s
Which amongst the two retailing giants makes the most of the profit all across the world?
Amazon is the world's largest e-commerce retailing company making around 267 billion U.S. dollars and Walmart stands at third place 41.45 billion U.S. dollars.Ans:
