Amazon surpassed Walmart in quarterly revenue for the first time, with $187.8 billion in the fourth quarter compared to Walmart’s $180.5 billion, marking a shift in their long-standing ranking. While Walmart continues to lead in annual sales, Amazon is projected to close the gap, with revenue expected to reach $700.8 billion in 2025. Amazon’s revenue growth is driven by its retail unit, cloud computing, advertising, and seller services, with third-party seller services accounting for 24.5% of total sales and Amazon Web Services for nearly 17%. Walmart has emulated Amazon’s strategies by launching a third-party marketplace, advertising business, and loyalty program, Walmart+, to compete with Amazon Prime.
Full Article
Toronto to get 30-50 mm of rain between Wednesday and Thursday
out of the summary. Toronto is expected to experience heavy rainfall, with 30-50 mm of rain forecasted between Wednesday and Thursday. The video failed to load, but viewers are encouraged to refresh their browser or view other videos from the team for more information. The city should prepare for potentially significant precipitation over the two-day period. Full Article
Read more