Walmart Plays Catch-Up With Amazon
When Walmart announced last week that it was significantly increasing its investment in e-commerce, it tacitly acknowledged that it had fallen far behind Amazon in the race for online customers.
Walmart first said it would make e-commerce a priority at the dawn of Internet retailing in 1999. Back then, Walmart was a disrupter in its own right, rapidly expanding its big-box concept around the country and driving mom-and-pop stores out of business.
Though it knew Internet retailing was here to stay, Walmart in the 16 years since has often acted as though it hoped Amazon would just go away. Now, the magnitude of the task it faces has grown exponentially as e-commerce growth continues to surge globally. New York Times- Read more…