There would be no Amazon had Walmart gone this all-out online years ago: Ex-Target vice chair


Image source — https://blog.g2crowd.com/blog/e-commerce-platform/return-walmart-walmarts-e-commerce-play/

================================================

    • Amazon “wouldn’t have grown to the scale it is” had Walmart invested in online shopping earlier, Gerald Storch says.
    • Walmart does draw “strength” from leveraging brick-and-mortar to compliment its online efforts, he argues.

CNBC
by Tyler Clifford
11/15/2018

Excerpt:

Walmart has been making huge investments to boost its online shopping operations, but it’s still “trying desperately to catch up,” former Target Vice Chairman Gerald Storch told CNBC on Thursday.

“If Walmart had made the kind of investments they’re making today, there would have been no Amazon,” Storch said on “Squawk Alley.”

For example, Walmart recently paid $16 billion to buy a majority stake in Indian e-commerce company Flipkart. In late 2016, it paid $3 billion for then-startup Jet.com.

………………………………………………

View the complete article including video and links at:

https://www.cnbc.com/2018/11/15/amazon-would-not-exist-had-walmart-gone-online-earlier-gerald-storch.html

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

The maximum upload file size: 512 MB. You can upload: image, audio, video, document, spreadsheet, interactive, text, archive, code, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. Drop file here