The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.
Walmart sums up the fiscal year 2020, which ended January 29, and reports that its total revenue grew 6.7%, reaching $559 billion. The retailer’s closest competitor in the U.S. market, which came in second place in the ranking of major retail players, Amazon reported revenues of $386 billion for the last fiscal year.
Meanwhile, earnings figures for 2020 show a 9.2 percent decline, from $14.88 billion in 2019 to $13.51 billion. In the fourth quarter alone, Walmart reported a loss of