Warren Buffet just dumped his Walmart stock. He apparently is giving up on the hope that Walmart will figure out how to compete with Amazon. Walmart is huge compared to Amazon in everything except where it matters.
Walmart’s online sales were $13.7 billion in 2015, compared to Amazon’s $107 billion. Walmart is still ahead in overall sales with $482 billion, four times as big as Amazon’s revenue.
There is one more issue – America has too many stores chasing too few customers. Retail — as usual — is in a state of flux.