fbpx Skip to main content

Walmart Making Moves Against Amazon

October 21, 2016

In response to consumer attitudes becoming increasingly enthusiastic towards online shopping, Walmart (WMT -.41%) has begun to adapt its strategy accordingly and has plans to take on Amazon head on (AMZN -1.17%) in the next year. Walmart has seen a consecutive eight quarters of consistent sales growth in recent years, has just finalized its acquisition of online retailer Jett.com, and now moves to implement an 11-billion-dollar plan to help the company make the transition to ultimately look more like an e-commerce company, according to CEO Doug McMillon. Although at present Walmart’s online presence is only a fraction that of Amazon, McMillon expects online sales to increase 20-30% this year alone. Walmart will open 55 stores in 2017, compared to 155 in 2015, and 133 stores this year.

Walmart moves to take on Amazon

Contact Us
close slider

Investment Realty - Contact Us

"*" indicates required fields

This field is for validation purposes and should be left unchanged.