Amazon, Walmart saw profits surge in 2020 as small businesses decimated by pandemic
Globally dominant retailers Amazon and Walmart saw profits soar in 2020 on the strength of surging online sales amid a traditional retail environment decimated by COVID-19 closures and shoppers too nervous to venture out into brick-and-mortar establishments. Amazon’s third-quarter earnings for this year, the most recent available, report an operating cash flow of $55.3 billion for the …
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