<ul><li>Amazon is gaining ground in the home furnishings market while Walmart is experiencing a decline in market share.</li><li>Amazon's share of the home furnishings market increased to 18.9% in 2024, up from 17.5% in 2023.</li><li>In contrast, Walmart's market share dropped from 9.5% in 2019 to 7.1% in 2024.</li><li>Walmart's efforts to attract consumers with trendy designs have not reversed the downward trend in sales.</li><li>Factors contributing to Amazon's success include a wide product range and competitive pricing.</li><li>Amazon has introduced new visual search features to enhance the shopping experience.</li><li>Amazon is investing $35 billion in AI and automation to improve efficiency in its retail operations.</li><li>Walmart CEO expresses concern over consumer strain due to high food prices and inflation.</li><li>Walmart's projected growth for 2025 is expected to slow to 4% amid concerns over tariffs.</li><li>Walmart CFO expects sales growth between 3% and 4%, impacted by rising costs and uncertainties around tariffs.</li></ul>

Amazon Gains in Home Furnishings as Walmart’s Market Share Declines, Data Shows

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