Walmart's brick-and-mortar stores could give it an edge over Amazon, ex-Walmart US CEO says [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters Walmart's brick-and-mortar stores could give it an edge over Amazon at a time when combined online and in-person retail prevails, former Walmart U.S. CEO Bill Simon told CNBC on Thursday. The question and the challenge for Walmart is, can they redefine their play into more of an omni-channel play than Amazon? Because that's an advantage for them, Simon said on CNBC's Closing Bell. Walmart impressed Wall Street on Thursday with second-quarter earnings and sales that topped analysts' expectations. After a bumpy few years, Walmart's major investments in e-commerce, training and supply-chain management have started to pay off. Walmart beat on earnings, revenue and same-store sales growth, as well as revealing a 40 percent uptick in U.S. online sales. Walmart gained more than 9 percent after reporting its quarterly results. Forty percent e-commerce growth is one of the reasons [Walmart is] struggling a little bit with operating in
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