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Well to be fair, they don't compete with Walmart. Walmart almost doubled Amazon's revenue last year, and that was during the height of a pandemic, which natural

Well to be fair, they don't compete with Walmart. Walmart almost doubled Amazon's revenue last year, and that was during the height of a pandemic, which naturally steered people towards more online orders, something you think would tip the scales in Amazon's favor.

l30n4da5 5y ago
have you _seen_ walmart.com? their online store rivals amazon easily.
- dolmen 5y ago
  Walmart.com ships only in the US. Not in Europe, Asia. While Amazon has stores for all regions of the world that count.
- cptskippy 5y ago
  Walmart.com is an extension of their retail services. There's some overlap with Amazon.com but both offer services and features the others don't and neither fully supplant one another. Walmart's affiliate program allows them to cater to the long tail market that Amazon has long dominated but that alone isn't going to convince people to switch to Walmart.com. Why not go to Ebay or Newegg instead? Walmart+ costs 2/3 of Amazon Prime but doesn't offer any of the digital services available like Audiobooks, ebooks, Videos, Music, Gaming, and photo storage/backup. For many those services are more valuable than free shipping or pharmacy discounts. What does Walmart.com offer that's going to convince people to shop their over Amazon, Newegg, Ebay or other online retailers?
cptskippy 5y ago
> Walmart almost doubled Amazon's revenue last year, Eh... that's not really true, it's about 1.45x the revenue, not 2x. And that's not the whole picture. Revenue for 2020: Walmart: $559 billion Amazon: $386 billion Operating income for 2020: Walmart: $20.6 billion Amazon: $22.9 billion Net Income (business/total) for 2020: Walmart: $15.2/14.9 billion Amazon: $22.1/21.3 billion
- dimitrios1 5y ago
  Which one seems more likely to you: a. Amazon solves brick and mortar b. Walmart solves online sales. Given the way things are going with Amazon essentially throwing in the towel with counterfeit reviews and products, I would put my money on Walmart eating Amazon's lunch this decade. Don't forget political influence as well. Walmart has a large fraction of congress on bankroll.
  - cptskippy 5y ago
    You started out by claiming "they don't compete with Walmart" because "Walmart almost doubled Amazon's revenue last year". But since that's not true you've moved the goal post and now you're claiming "Walmart eating Amazon's lunch this decade" is the most likely scenario because Amazon has a counterfeit product problem and Walmart has political connections. I don't think you understand just how insignificant the counterfeit issue is. Amazon reports it as 0.01% of sales, but even they're off by a factor of 100 that's just 1%. And 1% of their .com revenue is still less than 0.5% of their overall revenue because most of Amazon's profits come from AWS. > Amazon solves brick and mortar What is there to solve? Amazon has a logistics infrastructure that Walmart can't touch. If they decided to open a big box store do you really thing the counterfeit issues in their affiliate program would harm them? It's not like they'd put affiliate merchandise on the floor. I feel like they could figure out how to unload trucks to retail shelves and do in person payment processing at least as well as Walmart. > Walmart solves online sales. Walmart has been competing with Amazon in online sales for a decade, how's that going? Walmart has nothing to compete with Amazon's Audible, Echo, Ring, Blink, or Prime offerings. Sure they have free shipping with Walmart+ and an affiliate program but is that enough? They've tried countless times to compete against Amazon and failed, most recently they sold Vudo off. At the same time Amazon has launched countless brands and new products with great success. Amazon.com's tone deaf Billionaire founder and their treatment of their workers are a far greater risk to them than Walmart. But bad reputation and consumer dislike aren't going to kill Amazon anymore than they've done so with Walmart who has infamy for destroying both small town America and America's manufacturing infrastructure. Honestly I'm not sure why you'd want either of these companies to succeed.

l30n4da5 5y ago

have you _seen_ walmart.com? their online store rivals amazon easily.

dolmen 5y ago
Walmart.com ships only in the US. Not in Europe, Asia. While Amazon has stores for all regions of the world that count.
cptskippy 5y ago
Walmart.com is an extension of their retail services. There's some overlap with Amazon.com but both offer services and features the others don't and neither fully supplant one another. Walmart's affiliate program allows them to cater to the long tail market that Amazon has long dominated but that alone isn't going to convince people to switch to Walmart.com. Why not go to Ebay or Newegg instead? Walmart+ costs 2/3 of Amazon Prime but doesn't offer any of the digital services available like Audiobooks, ebooks, Videos, Music, Gaming, and photo storage/backup. For many those services are more valuable than free shipping or pharmacy discounts. What does Walmart.com offer that's going to convince people to shop their over Amazon, Newegg, Ebay or other online retailers?

cptskippy 5y ago

> Walmart almost doubled Amazon's revenue last year, Eh... that's not really true, it's about 1.45x the revenue, not 2x. And that's not the whole picture. Revenue for 2020: Walmart: $559 billion Amazon: $386 billion Operating income for 2020: Walmart: $20.6 billion Amazon: $22.9 billion Net Income (business/total) for 2020: Walmart: $15.2/14.9 billion Amazon: $22.1/21.3 billion

dimitrios1 5y ago
Which one seems more likely to you: a. Amazon solves brick and mortar b. Walmart solves online sales. Given the way things are going with Amazon essentially throwing in the towel with counterfeit reviews and products, I would put my money on Walmart eating Amazon's lunch this decade. Don't forget political influence as well. Walmart has a large fraction of congress on bankroll.
- cptskippy 5y ago
  You started out by claiming "they don't compete with Walmart" because "Walmart almost doubled Amazon's revenue last year". But since that's not true you've moved the goal post and now you're claiming "Walmart eating Amazon's lunch this decade" is the most likely scenario because Amazon has a counterfeit product problem and Walmart has political connections. I don't think you understand just how insignificant the counterfeit issue is. Amazon reports it as 0.01% of sales, but even they're off by a factor of 100 that's just 1%. And 1% of their .com revenue is still less than 0.5% of their overall revenue because most of Amazon's profits come from AWS. > Amazon solves brick and mortar What is there to solve? Amazon has a logistics infrastructure that Walmart can't touch. If they decided to open a big box store do you really thing the counterfeit issues in their affiliate program would harm them? It's not like they'd put affiliate merchandise on the floor. I feel like they could figure out how to unload trucks to retail shelves and do in person payment processing at least as well as Walmart. > Walmart solves online sales. Walmart has been competing with Amazon in online sales for a decade, how's that going? Walmart has nothing to compete with Amazon's Audible, Echo, Ring, Blink, or Prime offerings. Sure they have free shipping with Walmart+ and an affiliate program but is that enough? They've tried countless times to compete against Amazon and failed, most recently they sold Vudo off. At the same time Amazon has launched countless brands and new products with great success. Amazon.com's tone deaf Billionaire founder and their treatment of their workers are a far greater risk to them than Walmart. But bad reputation and consumer dislike aren't going to kill Amazon anymore than they've done so with Walmart who has infamy for destroying both small town America and America's manufacturing infrastructure. Honestly I'm not sure why you'd want either of these companies to succeed.