I think you've overlooked this bit of the article:
> (Amazon's) roughly $180 billion in annual sales remains dwarfed by Walmart’s $500 billion, but sales at the big-box retailer inched up 3 percent in the year ended on Jan. 31. Amazon’s revenue rose at least 25 percent in 2017, excluding sales from Whole Foods. That also means Amazon is growing faster than it did three years ago, when it was half its present size.
So to sum up: (1) Amazon doubled it's revenue in 3 years (2) It's growing faster now than it was 3 years ago (3) None of that even includes Whole Foods; and (4) Walmart's revenue grew only 3 percent.
So if it continues on it's current path it seems that Amazon could pass Walmart within 5 years. I'm not saying this will surely happen but I wouldn't at all be surprised if it does.
As an aside it's also worth noting that Amazon has a significant non-USA presence, AFAICT Walmart has none.
> (Amazon's) roughly $180 billion in annual sales remains dwarfed by Walmart’s $500 billion, but sales at the big-box retailer inched up 3 percent in the year ended on Jan. 31. Amazon’s revenue rose at least 25 percent in 2017, excluding sales from Whole Foods. That also means Amazon is growing faster than it did three years ago, when it was half its present size.
So to sum up: (1) Amazon doubled it's revenue in 3 years (2) It's growing faster now than it was 3 years ago (3) None of that even includes Whole Foods; and (4) Walmart's revenue grew only 3 percent.
So if it continues on it's current path it seems that Amazon could pass Walmart within 5 years. I'm not saying this will surely happen but I wouldn't at all be surprised if it does.
As an aside it's also worth noting that Amazon has a significant non-USA presence, AFAICT Walmart has none.