Amazon, Costco, eBay, Walmart going head to head.
Amazon is constantly innovating, coming up with their version of virtual coins, a 3D smartphone.
Amazon $61B
Ebay $14B (Income $2.88B)
COSTCO $99B
From Forbes here
In the case of Walmart Vs. Amazon, it’s about to get interesting.
Let’s put aside the much discussed news leak
that Walmart is considering using its own shoppers as delivery people,
providing some kind of incentive to drop off online orders on their way
home from the store.
It’s not likely to happen, there are far too many unattractive
variables. But it shows the retailer is thinking outside of the box when
it comes to competing with its online competition, Amazon.
Walmart already offers in-store pick
up and just expanded its test of a locker system where shoppers can
order online and pick-up in the store without waiting in line. It’s
similar to Amazon’s recent deal with Staples and 7-Eleven to do the same.
The big box behemoth may not be a start-up, but it does try to think
like one with its Walmart Labs division. That group is developing
Pangaea, a global technology platform, scan and go apps that let
shoppers buy in store via a smartphone, and online operations in growing
markets outside the U.S. such as Brazil and China.
Wal-Mart is still testing same-day delivery in four cities. The
program uses stores as fulfillment centers and if expanded, could turn
4,000 stores into bases for same day delivery.
According to Internet Retailer,
Walmart is the fourth largest e-commerce retailer and expects to
generate $9 billion in global e-commerce revenue in its current fiscal
year, ending Jan. 31, 2014.
Compared to Amazon, that $9 billion is pocket money. Amazon’s sales for the fourth quarter alone were $21.27 billion.
But take a look at the profits and some other key indicators. Income
is slowing, expenditures are up and there’s an Marketplace Fairness Act
on its way to force the collection of state sales tax. Sooner or later,
people will start to notice the lack of earnings.
Amazon is building out a physical infrastructure to provide same day
delivery, it doesn’t have Walmart’s existing store base to work from.
It’s too early to call a winner in the retail race. Maybe there’s
room for both, although they don’t think so. In the case of Walmart Vs.
Amazon, it’s about to get interesting.
...Bits and Bites, Ruminations and Gyrations, Tech-talk and Small-talk... Sermons from the Valley's Rishi.
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