{"id":43360,"date":"2023-09-12T13:39:06","date_gmt":"2023-09-12T13:39:06","guid":{"rendered":"https:\/\/histarmar.net\/?p=43360"},"modified":"2023-09-12T13:39:06","modified_gmt":"2023-09-12T13:39:06","slug":"amazon-crushes-walmart","status":"publish","type":"post","link":"https:\/\/histarmar.net\/world-news\/amazon-crushes-walmart\/","title":{"rendered":"Amazon Crushes Walmart"},"content":{"rendered":"
Walmart Inc. (NYSE: WMT) has crushed its brick-and-mortar rivals, which includes its strength in the grocery store sector. It is, by most measures, the second-largest e-commerce retailer in America. However, investors do not think it will ever catch Amazon.com Inc. (NASDAQ: AMZN), which has something Walmart never will: a huge cloud computing business. (These are 17 awful investments made by Amazon.)<\/p>\n
In its most recently recorded quarter, Walmart\u2019s revenue rose 5.7% to $161 billion, making it the largest American company based on that yardstick. Walmart\u2019s e-commerce revenue rose 24% year over year. The number is meaningless since Walmart does not disclose revenue for this business, which suggests that the numbers are not impressive.<\/p>\n
Walmart management said grocery operations fueled its success. This was called out in the most recent earnings release: \u201cGained market share in grocery with strong unit growth.\u201d Once again, the numbers are murky, but industry experts say Walmart\u2019s figures are better than Kroger\u2019s, the largest grocery chain in America. Axios puts Walmart\u2019s share of the national grocery business at 25% and Kroger\u2019s at 6%.<\/p>\n \t\t\t\t