Visit Indian Travel Sites
Goa,
Kerala,
Tamil Nadu,
Andhra Pradesh,
Delhi,
Rajasthan,
Uttar Pradesh,
Himachal Pradesh,
Assam,
Sikkim,
Madhya Pradesh,
Jammu & Kashmir
Karnataka
|
Amazon will overtake Wal-Mart as world's biggest retailer | | US-based multinational electronic commerce company Amazon is likely to overtake Wal-Mart as the world's biggest retailer by 2020, former chairman of a British supermarket chain has claimed. Highlighting a ‘period of vast change’,
in the world’s shopping habits, former chief executive of ASDA Andy Bond said
the online retailer would come to eclipse Wal-Mart. “Almost certainly Amazon will
have toppled, or at least be vying with, Wal-Mart for the top slot in 2020. Ten
years ago people would have said that was ridiculous,” The Telegraph quoted Bond,
as saying. According to the paper, Amazon currently has a market value of 106
billion dollars, compared to Wal-Mart's 252 billion dollars capitalisation. Bond
highlighted the Internet revolution, saying ‘no one should underestimate what
Internet companies are doing to the retail industry.’ “We're in a period of vast
change,” Bond, who now heads web-based bicycle retailer Wiggle and fashion company Republic, added.
|
|
|
|
|
|
|
