Article By:
Sheraz Mian
Saturday, February 24, 2024 8:27 PM EDT
We now have Q4 results for 84.1% of the Retail sector’s market capitalization. Total earnings for these Retail companies are up +43.1% from the same period last year on +8.4% higher revenues,
Wal-Mart And Jet.com: How Does The Combination Compare With Amazon?
@[Don Dion](user:18204), you are wise to be cautious. You right that it will take time for #Walmart to see any benefit. Plus, as I just said on @[Leigh Drogen](user:5239)'s similar article here: www.talkmarkets.com/.../will-jetcom-save-walmart-from-amazons-fury, Jet is no Amazon!
#jet #walmart #amzn $WMT $AMZN
Will Jet.com Save Walmart from Amazon’s Fury?
$WMT is so far behind the times, any added tech can only help its e-commerce efforts. Acquiring #Jet is a move in the right direction. But the pairing will not be a case of 2+2 equals 5, and they still will be no match for $AMZN. Not too mention, trying to integrate the two sites likely be worse than the ObamaCare site snafu.
Will Jet.com Save Walmart from Amazon’s Fury?
I agree. #Amazon ($AMZN) is exceptionally innovative. #Walmart ($WMT) is exceptionally behind the times (any one who has ever used instore pickup knows what I mean - waiting an hour for someone to visually check each box for your name since they have no tracking technology). But #Jet is decidedly average. The pairing won't help Walmart much.
Will Jet.com Save Walmart from Amazon’s Fury?
While I agree that #Walmart clearly needs to enhance its ability to innovate to better compete with #Amazon, I'm still baffled as to why they think #Jet is the answer. I've used both sites and Jet is no Amazon. Doesn't come close. $WMT $AAPL
Chugging Higher
#Walmart is paying $3 billion for #Jet? Why? So not impressed with that company. I know Walmart is being hurt by #Amazon, but Jet isn't the answer. $WMT $AMZN