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THE WHAT? Amazon is on observe to steal Walmart’s crown because the US’s greatest magnificence retailer by 2025, in line with a report revealed by Bloomberg, quoting figures from Morgan Stanley analyst Simeon Gutman.
THE DETAILS The e-commerce behemoth is anticipated to account for some 14.5 p.c of the market within the subsequent two years, whereas Walmart’s share of the US$180 billion worth will sit at 13 p.c.
THE WHY? Amazon has been pushing laborious to realize heft within the magnificence class and the pandemic gave the web procuring agency a lift. By 2025, Amazon is anticipated to account for 46.5 p.c of the entire US e-commerce market, Bloomberg reviews.
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