Everyone knows that Walmart is mounting a strong fight to try to grab market share ahead of Amazon’s unstoppable rise. Some are skeptical of Walmart’s push, especially into ecommerce, but the fact of the matter is, Walmart’s ecommerce business is now growing faster than Amazon’s. While it is a much younger business, it is still impressive traction. It expects the business to keep growing at 20-30% annually. The store is offering free 2-day shipping on orders over $35, and has in-store pickup of online grocery orders replete with employees to put the bags in your trunk. It is offering same day delivery of orders in New York City.
FINSUM: Walmart’s acquisition of Jet.com looks like a winner already. We think the company is doing a good job building its ecommerce platform, and that is coming from a publication that used to be very skeptical.