Walmart and Amazon duke it out — PYMNTS.com

Walmart and Amazon continue to battle each other in a time of inflation and uncertainty:

“For Walmart, the self-titled low-cost leader frequently notes that it has been through many peak-to-trough economic cycles over its 60-year history where it has done very well with customers in need of bargains. While that original retail footprint and supercenter model still exists, albeit in scaled form, CEO Doug McMillon recently told an investor conference that running the current Walmart is a bit like running three different businesses.“

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