According to Forbes, Amazon has amassed the kind wealth which sufficed to knock Walmart f the throne. The online brand earned its spot as number 25 amidst Forbes’ Global 2000 list the world’s biggest public companies. Amazon earned its spot following a consideration the company’s revenue, prits, assets, and market value. On the other hand, Walmart lowered by five spots to number 29 on this year’s list. As such, the e-commerce managed to surpass Walmart and stole the title the world’s largest retailer.
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Considerably, throughout the years, Amazon has affirmed its retail domination. Thus far, the number Americans subscribed to the company’s Prime membership has topped 100 million in 2019 and we are not even halfway through the year yet. Such a powerful stride may have resulted from Amazon choosing to increase the number benefits that come with the Amazon Prime subscription, hence making it a valuable and necessary membership to its customers. Of the numerous business-savvy moves the company has made, we include additional advantages tied to Amazon Prime which now include special discounts at Whole Foods, further investments in both TV and movies along with an expansion on free shipping for an array differing products.
Moreover, investors continue to pour into the company which keeps the e-commerce’s stock high-flying. Not to mention last year, the company made $10 billion dollars in prit. Thus, evidently, Amazon’s reign is not letting up anytime soon.