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Bill Barker, financial expert and analyst, joins the show to discuss the recent success of Walmart in the retail industry and the growth of Aldi. Topics include Walmart's e-commerce sales and the acquisition of Jet.com, the comparison of grocery offerings among retailers, Walmart's strategy in health and wellness, Aldi's acquisition of Wind Dixie and Harvey's markets, and the challenges faced by Amazon in the grocery market.
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Quick takeaways
- Walmart's late entry into e-commerce allowed it to learn from established players and steadily grow its market share.
- Walmart's status as the largest grocer in the country gives it an advantage over competitors and opportunities for increased revenue and customer loyalty through selling various products alongside groceries.
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Walmart's E-commerce Success
Walmart's e-commerce sales grew by 24% and comparable sales were up 6.4%, reflecting the company's successful efforts to improve its online presence and catch up with competitors in the e-commerce space. The company's late entry into e-commerce actually provided an advantage, allowing it to learn from established players and steadily grow its market share.
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