Amazon is predicted to overtake Tesco as Britain's biggest retailer in 2025, marking a major change of the guard

 

By Tom Witherow For The Daily Mail

via ThisIsMoney (UK) - 2 June 2021

 

Amazon is predicted to overtake Tesco as Britain's biggest retailer in 2025, marking a major change of the guard.

 

The pandemic has turbocharged online shopping and put Amazon, which started selling books in the UK in 1998, on the road to dominance.

 

Last month it announced it will take on an extra 10,000 staff to meet demand, taking its UK workforce to more than 55,000 by the end of the year.

 

Tesco, founded by Polish migrants as London market stall in 1919, employs 340,000 staff in its 3,400 UK stores.

 

On a sales basis Amazon, and the third-party sellers who use its site, will overtake Tesco as the largest retailer in around four years, according to data from Edge. Amazon sales will hit 77.1billion by 2025, up from 36.3billion last year, while Tesco sales will grow from 58.1billion in 2020 to 68.8bn in 2025.

 

The Edge report predicted a third of sales from large chains will be online by 2025, up from 26 per cent last year, as UK web sales rise from 105.2billion in 2020 to 176.2billion in 2025, with the retail market expanding to 500billion...

 

more, including chart

https://www.thisismoney.co.uk/money/markets/article-9645105/Amazon-predicted-overtake-Tesco-Britains-biggest-retailer-2025.html