Target and Walmart's Next Step to Take on Amazon
Both Target (NYSE: TGT) and Walmart (NYSE: WMT) have seen their digital sales channels grow tremendously since the start of the coronavirus pandemic. With the strong growth in e-commerce sales, both big-box retailers see an opportunity to take a page out of Amazon's (NASDAQ: AMZN) playbook and spend more on bringing package delivery in-house.
Amazon says it delivers the majority of its U.S. orders itself, but third parties still handle most of its competitors' orders. Target and Walmart are investing to change that.
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Source Fool.com
