It’s no secret that Walmart is gunning for some of Amazon’s customer base: gobbling up e-commerce site Jet.com for $3.3 billion, mulling the idea of investing in Amazon competitor Flipkart, launching the $50/year Prime-rival Shipping Pass, and increasing distribution channels. As an indicator of the retailer’s online-focused future, Walmart has announced it is slowing the growth of its bricks-and-mortar stores while building more warehouses to expedite deliveries. [More]
