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Wal-Mart’s Potential Acquisition Could Threaten Amazon
In a never-ending battle between clicks and bricks, Wal-Mart Stores is reportedly considering the acquisition of e-commerce site, Jet.com. While Amazon.com’s online sales is dramatically larger than that of Wal-Mart’s, analysts believe that if the deal does happen, the major retailer could actually threaten Amazon’s market share.
Last year, Wal-Mart brought in about $13.7 billion in online sales, whereas Amazon.com delivered $50.4 billion. Jet.com’s management has a target gross merchandise volume (GMV) of $20 billion by 2020.
Wal-Mart’s CEO has noted that their online sales growth is too small, but this potential acquisition signals that the company is “looking to take action.”
For comments, questions or concerns, please contact Daniella Soloway
