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.

Image source: Getty Images.

Continue reading

Source Fool.com