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1997 "Lee Scott, the future Walmart CEO who was then running logistics told Dalzell (who Amazon was hiring) that Amazon was a novel idea but that it had limited
by pmm621 11y ago
1997 "Lee Scott, the future Walmart CEO who was then running logistics told Dalzell (who Amazon was hiring) that Amazon was a novel idea but that it had limited potential. Don Soderquist, Walmart's COO, said that because Amazon didn't store its own iventory--at the time, it just ordered it from distributors and then quickly shipped it back out-- the model would hit a wall once it got to $100M in sales.
(from "The Everything Store" Bezzos' biography)