In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
It looks as if Walmart is actually beating Amazon in the delivery wars.
The discount giant has expanded its same-day service which was only available in Tampa and Phoenix to those cities, CNBC reported. Walmart customers in Denver are able to get orders delivered by Lyft, the article did not say if that service will be expanded.
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You should be shopping on Jet because it offers much better prices on items like laundry detergent than sites like Amazon (NASDAQ: AMZN). It is also fast and provides a better level of service than some sites.
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The only bright spot here is that Amazon does not appear to be taking business from Walmart. Instead it appears that Amazon’s growth is coming at the expense of more upscale retailers such as Target and department stores like Macy’s (NYSE: M). Macy’s sales are so bad that chain is planning to close around 100 stores this year.
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This is certainly an opportunity for Walmart Stores Inc. (NYSE: WMT), which owns Costco’s biggest competitor Sam’s Club. Sam’s Club now takes American Express in an attempt to lure Costco members.
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Citigroup received more than 1.5 million customer-complaint phone calls about the Costco Everywhere Card during the first two days of the roll out; June 21-23, Bloomberg reported. Costco also took a lot of heat; with its Facebook page filling up with complaints about the Visa product.
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Walmart and Target certainly have their work cut out for them if they want to maintain their positions in the retail market. Safeway will have even more work to do if it wants to become a credible rival to Kroger.
Read MoreStaples reported online sales of $10.4 billion in 2013, making it a very profitable online retailer. Unfortunately, it is a very profitable online retailer that is saddled with a very unprofitable chain of brick and mortar stores.
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