Walmart Still Has a Lot of Work to Do to Catch Up With Amazon
Walmart (NYSE: WMT) posted another quarter of rapid growth in online sales in the United States. E-commerce sales for Walmart U.S. rose 41% in Q3, accelerating from 37% growth. That's also notably much faster than Amazon's (NASDAQ: AMZN) 24% increase in North American sales (an acceleration as well).
Walmart has made several efforts to catch up to Amazon this year, including offering next-day delivery on thousands of items and a new $98 same-day grocery delivery subscription that's now available from 1,400 of its Supercenters.
But diving into Walmart's earnings results and management's commentary shows the company still has a lot of work to do in order to catch up with Amazon.
Source Fool.com
