Walmart, Etsy, Chewy among fastest growing U.S online retailers
by Kim Souza, Talk Business & Politics (AR)
Jul 20, 2021
According to analysts who cover the sector, the COVID-19 pandemic did help some retailers speed up their online market share growth as much as three years ahead of schedule.
A new report from eMarketer anticipated that the top 15 retailers — including Walmart, Etsy, Chewy and Amazon — will account for 72.3% of total e-commerce sales in the U.S. this year.
The report pegs eight retailers among the 15 who are expected to outpace the annual growth rate of 17.9% this year, as predicted by the National Retail Federation.
Etsy tops the list with anticipated online sales growth at 26.9%. Since 2017, Etsy has expanded its niche marketplace business into a house of brands by acquiring DaWanda, a German marketplace for gifts and handmade goods, in 2018 for $35 million. Reverb, a marketplace for new, used and vintage musical instruments, was acquired in 2019 for $275 million. This year, Etsy acquired Depop, a resale fashion marketplace catered to Generation Z shoppers (ages 6 to 24 years). That deal cost Etsy $1.65 billion.
Walmart.com is expected to grow its sales by 26.4% this year, which is slightly higher than the 24.9% growth rate expected by Amazon. Walmart continues to add more items to its online marketplace and recently brought on tween retailer brand Justice as a supplier.
Walmart also joined forces with...