Walmart is Becoming a Little More Like Amazon—and Vice Versa
Quartz reported that Wal-Mart has taken a step to be more like Amazon.com with its announcement of the opening of two warehouses dedicated solely to shipping web orders in the U.S.
"Wal-Mart has been angling to compete in the e-commerce world for over a decade but has failed to catch up with Amazon. In 2012, Amazon's sales totaled $61 billion, well above Wal-Mart's online sales of an estimated $7.7 billion, according to Internet Retailer. Wal-Mart remains the world's largest retailer of any kind - it made $469 billion in revenue in 2012, compared to Amazon's $61 billion - but e-commerce spending is growing twice as fast as superstore shopping."
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Sincerest Form of Flattery | Walmart is becoming more like Amazon—and vice versa http://t.co/ENujDFwczj @quartznews #Retail #eCommerce
— Jennifer Chasteen (@chasteenj) October 2, 2013