Amazon to pass Walmart as No. 1 retailer by '24; the latter's store-based tack is to blame

Amazon is expected to push past Walmart as the No. 1 retailer in the US by 2024, according to new report from Ascential. That news is hardly surprising to retail watchers, as Walmart bet on a store-based approach years ago. While that made sense at the time, consumers have changed their habits — and Walmart is about to pay the price.The mammoth company — which today is not only the largest retailer in the US but the largest company in any category — had little choice at t