Obviously, Walmart and not Amazon is the world’s largest and richest retailer. More importantly, Amazon will not approach Walmart’s revenues soon.
Therefore, Walmart can sink money into its online operations; automated stores, and new technology. As a result Walmart will probably be able to keep up with Amazon; and possibly block its entry into some markets.
The moral of the store is do not count Walmart out. The world’s largest retailer has the resources to maintain its dominance for decades to come despite Amazon’s explosive growth.Read more