How Amazon.com Surpassed Wal-Mart Stores, Inc.

Twenty years after its birth, Amazon has dethroned Wal-Mart as the king of all retail when it comes to market capitalization.

Jeremy Bowman
Jeremy Bowman
Aug 16, 2015 at 5:00PM
Consumer Goods

We knew this day would come.

Amazon.com (NASDAQ:AMZN), the e-commerce juggernaut that has pioneered industries as diverse as online retail, e-books, and cloud computing, has been working toward this for ages: The day when its market value would best Wal-Mart Stores (NYSE:WMT).

Its dominance in e-commerce has gradually eroded Wal-Mart's growth, and the success of its cloud computing unit has assured investors that the company can, in fact, be profitable. Below, we take a further look at how Amazon was able to topple the big box retailer.