This week I’m taking a family vacation after launching the 7 Figure Seller Summit last week. So this will be a short newsletter. Hope you are all enjoying your summer.
Amazon Vs. Walmart: The Epic Battle Of Retail Kings Gets Hot
Amazon, the e-commerce giant, had dethroned Walmart and the battle holds big stakes for both Amazon and Walmart stock.
Amazon’s plan to build its retail stores steps up its game and goes ahead against Walmart.
According to Investors Business Daily “According to data compiled by FactSet and reported by the New York Times on Tuesday, Amazon’s sales, and those of third-party sellers on its platform, eclipsed Walmart’s over the year ended in June. Consumers spent $610 billion at Amazon from June 2020 to June 2021. In that same period, shoppers spent $566 billion at Walmart, the report said.”
Amazon is cheaper in the “Foods and Beverages” category, which covers the same products as Walmart. Walmart has many physical stores but purchasing from Amazon is available in more countries. Walmart has a higher net income than Amazon, but Amazon is experiencing more online growth.
But keep an eye on Walmart. With a renewed customer focus and an established retail presence, Walmart could continue to see amazing growth.
Both Amazon and Walmart set the bar for all other retailers on everything from logistics to customer service and innovation. If Amazon does it, Walmart and all other companies follow. Their continued push for customers helps move all other retailers to a stronger customer focus.
Oh, boy. Amazon goes again! Does Amazon make another push into the physical retail space? the giant is reportedly planning to launch its own department stores. Focusing on apparel, electronics, and household goods but in a scaled-down format.
The new spaces will span 30,000 square feet and carry items from top consumer brands. For perspective, department stores typically take up 100,000 square feet. Amazon’s reported expansion comes as some retail chains, having survived the financial shock unleashed by the coronavirus pandemic – a vigorous comeback.
As many Americans work to reconfigure their social lives in the second year of the pandemic, department stores are cashing in on the increased spending.
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Have a great weekend!