“It is the latest addition to the next-generation fulfillment network Walmart is building to support its rapidly growing e-commerce business.”
Everybody thinks Amazon is going to kill Walmart, but the opposite may end up happening. I’ve noticed Walmart is becoming another market place for a lot of retailers, just like Amazon is, and they also provide 2 day free delivery with no membership necessary.
Also they can leverage their vast brick and mortar presence.
It’s going to be quite a battle.
I might just buy some Walmart shares, especially considering WMT has a PE of 17 vs 191 for Amazon. Or buy puts on amazon?
I use Jet.com. I refuse to put money in Washington Post’s owner’s hands. Boycott Amazon!