Tuesday, July 12, 2016

AMZN Stock: Wal-Mart Stores, Inc. (WMT) Isn’t Even on Amazon.com, Inc.’s Radar

Walmart can't compete with Amazon in the e-commerce arena

By now you’ve surely heard about Prime Day, which is Amazon.com, Inc.’s (NASDAQ:AMZN) one-day annual worldwide summer sales event. If you don’t know what it is, I’d bet that’s because you’re not an Amazon Prime member (the deals are exclusively for Prime members).

Simply put, Prime Day — which is today, by the way — is little more than an excuse for AMZN to offer great deals on thousands of products.

And since those deals are only available to members, the benefits for Amazon stock are two-fold: outrageously impressive sales revenue and a sizable bump in new Prime signups.

Traditional retailers, most notably Wal-Mart Stores, Inc. (NYSE:WMT), have been struggling to compete with Amazon’s ever-growing e-commerce dominance, but none can even come close to AMZN’s market share. According to Statista.com, at the end of 2015, Amazon’s e-commerce market share was greater than 68.4%. Walmart held the No. 2 spot with 10.1%.