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Walmart’s Reign as America’s Biggest Retailer Is Under Threat

Walmart's position as the nation's biggest company by revenue is under threat from Amazon. While Walmart reported a revenue growth of 6% last year, Amazon's revenue grew by 12%. Walmart's size makes it difficult to find additional sales growth, especially as about 90% of Americans already shop at the retailer. Walmart is also facing uncertainty due to the pandemic and rising inflation. To combat this, Walmart is exploring new revenue sources, such as advertising, and revamping its stores to appeal to a broader range of customers.

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