Wal-Mart's Biggest Advantage Over Amazon
Over the past year, Wal-Mart (NYSE: WMT) has been stocking up on online retail outlets. It closed its acquisition of Jet.com about a year ago, and it's since bought four other small online retailers. Wal-Mart's efforts have resulted in huge online sales growth, but its acquisition strategy may be somewhat flawed.
Wal-Mart has put the former CEO of Jet.com, Marc Lore, in charge of its online operations in the United States. He recently spoke at a conference, and when asked what Wal-Mart does better than Amazon (NASDAQ: AMZN), he said Wal-Mart's unique assets separate it from the competition.
Image source: Wal-Mart
Source: Fool.com
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