Business Wars Amazon vs Walmart - Food Fight! | 5
May 4, 2020
Amazon takes on Walmart by diving headfirst into the competitive world of fresh groceries, but it’s proving tougher than expected. Meanwhile, Walmart successfully blends its online grocery service with physical stores, boosting customer convenience. A new aggressive leader at Walmart, who has a personal grudge against Bezos, intensifies the competition. As tensions mount, both giants strategize to outmaneuver each other, with Amazon's surprising moves shaking up the retail landscape once again.
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Walmart and Jet.com Unite
- In 2016, Walmart CEO Doug McMillon sought help from Marc Lore, founder of Diapers.com and Jet.com, to solve Walmart's e-commerce struggles.
- Lore's strategy of focusing on low prices, inspired by Sam Walton, aligned with Walmart's goals, leading to Walmart's acquisition of Jet.com for $3.3 billion.
Bezos' Grocery Frustration
- Jeff Bezos was frustrated with Amazon Fresh's slow growth in the grocery sector, rejecting partnerships with local stores to maintain control.
- He believed that consumer habits regarding grocery shopping would eventually change, similar to how they changed with books and shoes.
Walmart's Grocery Strategy
- Walmart found success with online grocery orders and store pickups, saving costs on home delivery.
- They planned to expand this service while also exploring home delivery options through Uber and employee deliveries.
