Edge by Ascential researched and forecasted in its report that Amazon will beat Walmart and become the no. 1 retailer by 2024. Costco will grow its share, too, to become the third-largest retail company by 2026. All of this would be an outcome of growth powered by e-commerce. According to Edge, Walmart is expected to become the largest retailer in the U.S. by 2024 as it will add more than $294 billion in U.S. sales between 2021 and 2026. The findings further revealed that e-commerce would account for 30.5% of the total U.S. e-commerce retail sales by 2026, up from 24.6% in 2021, and after China, the U.S. will be the world’s biggest e-commerce market.
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