Technology
How Walmart competes with Amazon
- Walmart has been worried about Amazon for years, and it has forced Walmart to make some major changes to its e-commerce strategy.
- Those changes have included introducing two-day shipping and improved grocery delivery options.
- Here’s how Walmart has evolved to keep up with Amazon.
Walmart has been worried about Amazon for over a decade, according to former Walmart board member John Chambers. In 2003, Amazon was eight years old and was just starting to turn a profit. Still, Walmart was worried about the growing online retailer.
“This is something that I know. I saw Amazon coming at Walmart,” Chambers told Business Insider’s Julie Bort.
To keep up with the rapidly growing Amazon, Walmart has had to make a lot of changes to its business, from introducing two-day shipping and grocery delivery to spending more than $3 billion on its acquisition of Jet.com.
Here are all of the ways Walmart has evolved to keep up with Amazon:
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