Walmart to overtake Apple on list of biggest e-commerce retailers

Walmart Inc. WMT, -1.37% including the namesake retailer, Sam's Club and Jet.com, will overtake Apple Inc. AAPL, -2.82% to take the number three spot on the ranking of the world's largest e-commerce retailers, according to eMarketer data. In 2017 Apple had 3.8% of sales share, ahead of Walmart's 3.3% of share. For 2018, Walmart is poised to claim 4.0%, swapping places with Apple, which will have 3.9% of share. The top two e-commerce retailers for 2018 will be Amazon.com Inc. AMZN, -1.97% with 48% and eBay Inc. EBAY, -0.75% with 7.2%. "Importantly, Walmart has one of the fastest growing e-commerce businesses," eMarketer wrote, with 39.4% online sales while Apple's e-commerce growth will be a little more than 18%. Walmart's third-quarter e-commerce sales grew 43%, the company announced on Thursday. Walmart shares have gained nearly 3% for the year to date, Apple stock is up 10.4%, the Amplify Online Retail ETF IBUY, -0.54% has rallied 7.7%, and the Dow Jones Industrial Average DJIA, -0.81% is up 1.5% for the period.