This has become especially convenient thanks to major retailers like Amazon (AMZN) and Walmart (WMT) , which have taken on the logistical and financial burdens to make online shopping easy. Amazon led the charge,
Many shoppers are planning to boycott major retailers on Feb. 28 to say companies like Amazon, Walmart, Target should keep DEI policies.
Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking oil giant Exxon Mobil.
Online shopping giant Amazon generated $187.8 billion in fourth-quarter revenues, while Walmart, a traditional retailer, lagged behind for the first time ever, with $180.5 billion. Walmart is still expected to lead in annual revenue next fiscal year, with sales projected at $708.7 billion, versus Amazon’s $700.8 billion.
Walmart and Amazon are significantly increasing their investments in artificial intelligence, aiming to enhance their technological capabilities and customer experience.