No, no it isn’t the case. Walmart is the only one with more revenue, but they don’t have AWS margins to prop up everything else. I think we’d all be better off if we didn’t have a 2-horse race for 90% of our purchases…
Target (#3)had $93b in revenue in FY2020. Amazon e-commerce had $120b.
I'd agree if we had a 2-horse race, but I don't see it, there are a ton of competing retail stores both online and offline.
And especially online, it's not like you're limited geographically where say your only store that has what you want is a big Walmart, you have access to hundreds of online retailer to choose from.
Target needs to do same day delivery and then they will win hands down. It does not take an MBA to figure this out and I don't know why they have not done it yet.
Target (#3)had $93b in revenue in FY2020. Amazon e-commerce had $120b.
https://corporate.target.com/annual-reports/2020
https://www.statista.com/forecasts/1218313/amazon-revenue-de...