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Here’s why Amazon needs retail stores right now




This article was originally published on All figures quoted in US dollars unless otherwise stated.

At first glance, it doesn’t even seem to be a contest. Shares of e-commerce giant Amazon (NASDAQ: AMZN) have not only outperformed those of brick-and-mortar rival Walmart (NYSE: WMT) in recent years, but as of last month — according to numbers crunched by The New York Times — people now spend more at Amazon than at the more traditional retailer. The pandemic’s clearly been a boon for the online “everything store.”

However, if you think it’s just another clear sign that nothing can stand in the way of the Amazon juggernaut, you may be a bit premature in making that conclusion. Walmart has made a small dent in Amazon Prime’s…

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