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Amazon is closing all 57 Fresh grocery and 15 Go convenience stores as it realigns its grocery strategy around online delivery and Whole Foods.

The e-commerce giant posted $717 billion in sales versus Walmart's $713 billion, breaking the retailer's 24-year reign.

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In a slow-motion race of two retail behemoths, Amazon's trump card was its lucrative cloud-computing business.

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The shuffle underscores the rivalry between the two retailers, particularly as Walmart expands its advertising and third-party marketplace businesses.