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Walmart & Best Buy battle Amazon in online space
23
Sep '16
Courtesy: Walmart
Courtesy: Walmart
Brick and mortar retailers like Walmart and Best Buy are not only surviving online, but are actually flourishing, helped to a large extent by their sizable physical assets. These retailers have integrated physical and online stores, by offering options to buy online, but pick up goods in the physical store, thereby offering a tough battle to Amazon.

According to a recent report by Moody’s Investors Service, Walmart and Best Buy are trying to put together a significant online business to battle Amazon, the world’s biggest online retailer.

“The two brick and mortar retailers are offering intense competition to Amazon, which although continues to raise the ecommerce bar, through its decade-plus online advantage over other retailers,” the report observed. (AR)

Fibre2Fashion News Desk – India

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