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Better Buy: Amazon vs. Walmart

TheMotleyFool

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Better Buy: Amazon vs. WalmartPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Walmart (NYSE: WMT) was struggling to keep pace with Amazon (NASDAQ: AMZN) when Doug McMillon became the retail giant's CEO in 2014. Its superstores were becoming showrooms for Amazon's online purchases, and its own e-commerce initiatives were weak.

But under McMillon, Walmart aggressively expanded its e-commerce ecosystem, matched Amazon's prices and delivery options, renovated its stores, leveraged its brick-and-mortar network to fulfill online orders, and boosted employees' wages.

Walmart also expanded overseas with a stake in China's JD.com and its acquisition of India's Flipkart. Those bold initiatives initially throttled its earnings growth, but they helped it keep pace with Amazon.

Source Fool.com

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