Same-day shipping, not one-day shipping, is the 'real battleground' between Amazon, Walmart, and Target.
But Walmart and Target already have a"huge advantage" over Amazon when it comes to shipping and pickup options, thanks to their thousands of brick-and-mortar stores, according to John Zolidis, president of Quo Vadis Capital.
But concerns about the impact to Walmart and Target, in particular, are overblown, according to John Zolidis, president of Quo Vadis Capital. Shares of Walmart and Target were down more than 2% and 5%, respectively, in mid-day trading Friday. In conversations last October with Walmart CEO Doug McMillon, McMillon characterized same-day shipping as the"final frontier" that"everyone is racing to develop," Zolidis said. Walmart did not immediately respond to a request for comment on this story.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart, Target shares tumble as Amazon announces one-day shipping for Prime membersAmazon just raised the bar for retailers across the U.S. — chiefly Walmart and Target — to offer ever faster and cheaper shipping for online purchases. Or to lean into their bricks-and-mortar stores even more.
Read more »
Amazon, Walmart in online grocery pilot in NY involving food stampsFood stamp recipients will be able to use online delivery services to buy groceries under a two-year pilot program that just launched in New York.
Read more »
Amazon Key for Garage now availablePrime customers who want to get deliveries to their garage can now use Amazon.com Inc.'s Key for Garage, available today. Customers with myQ-connected technology can link their account with Amazon, or customers can purchase a Key Smart Garage Kit. With the addition of the Amazon Cloud Cam, users can see into their garage remotely. Key by Amazon delivery service is available in 50 U.S. cities. Amazon, which will announce earnings on Thursday, has seen its shares rally 25.7% for the year to date while the S&P 500 index is up 16% for the period.
Read more »
Walmart CEO Doug McMillon's total pay was nearly $24 million last yearWalmart CEO Doug McMillon's total compensation reached nearly $24 million during the last year as the company continued to hold its ground against Amazon and other rival retailers
Read more »
Are you ready for some football? Disney and Amazon might be.As America's tech, media and telecom giants launch new streaming services, the rights for one of the league's most coveted packages may soon be on the auction block.
Read more »
20 Pairs Of Sunglasses From Amazon That Reviewers Truly Love20 Pairs Of Sunglasses You Can Get On Amazon That People Actually Swear By
Read more »
Amazon surrenders in ChinaAmazon has told sellers that it will no longer operate its third-party marketplace or provide seller services in China:
Read more »
33 Wedding Gifts You Can Amazon That Will Make The Happy Couple Even HappierIt's wedding szn. 💍
Read more »
35 Travel Products You Can Get On Amazon That You Need For Your Next TripThis includes an inexpensive rolling duffel bag perfect for your next weekend getaway – you'll be able to comfortably pack 19 dresses, 18 pairs of shoes, and every lipstick you have ever owned inside.
Read more »