Is Walmart Making a Play to Win Market Share From Amazon? Here's What Investors Need to Know

Walmart (NYSE: WMT) may be the largest company in the U.S. by sales, but it keeps making its top line bigger. For a while, it looked like competitor Amazon (NASDAQ: AMZN) was poised to overtake it, but Walmart is just too big and doing too well to catch. It's a battle of true titans, as both companies boast more than $600 billion in revenues over the last four quarters.Walmart delivered another outstanding quarterly report last week, and the growth drivers behind the results might surprise you. Two factors helping it along are e-commerce growth and an improving ability to attract higher-income customers -- areas that have not historically been among its strong points. But Walmart has been making strategic changes in its e-commerce business, and it's taking off. Can Walmart flip its business and challenge Amazon in e-commerce?Walmart was late to the e-commerce boom, so it missed out on some early opportunities to dominate it. As the largest retailer in the U.S., it could have had an edge. However, it has been developing a strong e-commerce business over the past few years. It was already well positioned when the pandemic struck and customers switched to online shopping, and although it's way behind Amazon, it's still in second place.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool