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Walmart does $100B+ in revenue every year internationally, roughly accounting for 25% of its business. (For sake of comparison, Amazon earned ~$60B in toto in t
by jonnathanson 13y ago
Walmart does $100B+ in revenue every year internationally, roughly accounting for 25% of its business. (For sake of comparison, Amazon earned ~$60B in toto in the year 2012). Walmart crashed and burned in Germany...and meanwhile, they basically own Mexico, large swaths of Latin America, have huge market share in the UK, do extremely well in China, etc.
So yes, I'd say that's significantly stronger than Amazon's international footing. Walmart has serious competitors internationally (Carrefour, etc.), and Amazon is barely one of them.
I'm as bullish on Amazon in the long run as anyone you'll find here. But even I have to admit that Amazon's international presence is one of its most glaring weaknesses, especially in specific juxtaposition to Walmart.