Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years
[B]y 2025, Edge by Ascential’s syndicated research arm, Edge Retail Insight, predicts that Tesco sales will rise to £76.1bn in total sales, representing annual sales growth of 3.5 per cent but not enough to stay ahead of Amazon’s overall UK sales expansion.
Walmart reports strong e-commerce growth, but Amazon is inching closer
Doug Koontz, the director of product and content strategy at Edge by Ascential, told Modern Retail [...] “5 years ago, I don’t think the outlook for Walmart was nearly this positive,” he said, noting that Walmart’s technology and logistics investments are keeping it competitive.
GUEST COMMENT In the digital future, CPGs must have a marketplace strategy to succeed
Deren Baker, CEO of Edge by Ascential, comments on the future of retail and the strategy that CPGs must take. "For many others though, the pandemic simply widened cracks that had been growing for years but which were too difficult to address."