I am very curious about Wallmart policies against Amazon growth. With this pace amazon will eat Wallmart eventually. And Wallmart is biggest company on earth. What they are going to do?
"The discount chain reported on Thursday that U.S. online sales rose a staggering 63% in the first fiscal quarter of the year, following last year’s overhaul of its online marketplace"
http://fortune.com/2017/05/18/walmart-online/
"Wal-Mart’s e-commerce sales grew an impressive 60% y-o-y in Q2."
https://www.forbes.com/sites/greatspeculations/2017/08/18/e-...
- Walmart's ecommerce growth is from a base so small they don't give revenue numbers for the segment.
- Walmart's overall growth is 1.8%, compared with Amazon's 34% growth. This is the apples-to-apples comparison.
At their current growth rates, Amazon will be bigger than Walmart in ~6 years.
Most recent Walmart earnings: http://s2.q4cdn.com/056532643/files/doc_financials/2018/Q2/Q...
Amazon minus WF is still growing at 29%... WF minus Jet and other acquisitions was growing ecommerce at less than 20% from a much smaller base.
Last quarter, Walmart reported $31.8B profits on $123.4B earnings. For the similar quarter, Amazon reported $14.5B profits on $38.0B earnings. So Walmart dwarfed Amazon overall.
Amazon's fresh results are great, and it helps to close the gap between them, but they are still much smaller than Walmart.
Unless you're talking online-only, in which case the comparison switch around, and Amazon is already much bigger than Walmart. But Walmart's online sales are a small percent of their earnings.
[1] https://en.m.wikipedia.org/wiki/List_of_largest_companies_by...
[2] https://en.m.wikipedia.org/wiki/List_of_largest_employers?wp...