Amazon's promise of one-day shipping threatens to upend the retail sector, ...
LOS ANGELES/WASHINGTON - Amazon’s promise of one-day shipping threatens to upend the retail sector, but its rivals’ physical stores give the likes of Walmart and Target powerful assets that Amazon itself is scrambling to match.
But there is another battle brewing behind the scenes, with Amazon racing to reproduce the assets of the businesses it aims to upend. The move to expedite shipping is a sign of growing pressure from such brick-and-mortar competitors, experts said. The ability of brick-and-mortar rivals to catch up with Amazon using their stores indicates the e-commerce giant could be vulnerable as it invests billions of dollars to build out the service.
That confidence pushed the Bentonville, Arkansas-based company to take a jab at Amazon’s $119 annual prime service. “One-day free shipping... without a membership fee. Now THAT would be ground breaking. Stay tuned,” Walmart tweeted on Friday.
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