Forum Discussion
beemerphile1
Feb 21, 2017Explorer
Walmart has declared war on Amazon. Walmart was slow to embrace online sales and Amazon built a huge market share while Walmart was napping.
However, Walmart purchased Jet.com recently which was a smaller but growing competitor to Amazon. The CEO of Jet is now head of Walmart online sales.
Walmart recently dropped their version of a free shipping club. In its place Walmart now offers free shipping on many items and no membership is needed.
Amazon is responding to the increased competition from Walmart.
In other news, Warren Buffet has recently sold the majority of his Walmart holdings and purchased a large amount of Amazon stock. Amazon has never made a profit and pays $0 dividend. Walmart pays approximately 3 percent dividend right now.
However, Walmart purchased Jet.com recently which was a smaller but growing competitor to Amazon. The CEO of Jet is now head of Walmart online sales.
Walmart recently dropped their version of a free shipping club. In its place Walmart now offers free shipping on many items and no membership is needed.
Amazon is responding to the increased competition from Walmart.
In other news, Warren Buffet has recently sold the majority of his Walmart holdings and purchased a large amount of Amazon stock. Amazon has never made a profit and pays $0 dividend. Walmart pays approximately 3 percent dividend right now.
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