The battle between Walmart and SuperCenters against Amazon and its Web escalate. How they mitigate the advantages of each other, how quickly and effectively is the question to be answered.
Wal-Mart Stores Inc. (WMT) is "anxious" to take on Amazon.com Inc.'s Marketplace, where independent merchants sell millions of products.
Feb. 21 (Bloomberg) -- Jason Subotky, vice president at Yacktman Asset Management Co., talks about Wal-Mart Stores Inc.'s fourth-quarter profit released today and first-quarter earnings forecast. Earnings per share in the current quarter will be $1.11 to $1.16, the Bentonville, Arkansas-based company said today in a statement. Subotky speaks with Deirdre Bolton on Bloomberg Television's "In the Loop." (Source: Bloomberg)
According to minutes from a Feb. 1 officers meeting led by U.S. Chief Executive Officer Bill Simon, Wal-Mart considers Marketplace Amazon's "number one weapon."
"This is an area" Wal-Mart is "anxious to compete in," according to the minutes, which were obtained by Bloomberg News. Participants at the meeting also focused on the savings Amazon has captured by offloading shipping costs to its army of independent sellers.
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