Walmart hits $1 trillion market cap
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Walmart, Amazon and Super Bowl
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(Corrects paragraph 3 to say that only some Amazon Go and Fresh locations will be converted into Whole Foods Markets; recasts paragraph six) By Arriana McLymore NEW YORK, Feb 4 (Reuters) - Amazon was once the upstart running ahead of Walmart with its revolutionary e-commerce business.
Competition is heating up between Amazon and Walmart. Amazon said it set its new speed record of over 13 billion same- or next-day deliveries in 2025.
The online retailer is changing its grocery store strategy.
Amazon is shutting down underperforming projects and investing in a 100-store Whole Foods expansion, challenging Walmart's supremacy.
Amazon is seeing great operating leverage in its e-commerce business. Walmart is the more defensively positioned retailer given its role as the largest grocer in the U.S. Amazon has the cheaper stock. Amazon is the king of e-commerce, and the company is ...