Amazon Eyes Brick And Mortar Retail As Walmart Jumps Into E-Commerce

Amazon.com Inc (NASDAQ: AMZN) is looking forward to launching multiple prominent physical retail locations, including Ohio, California, to operate like department stores, the Wall Street Journal reported.
Amazon attempts to sink its teeth deeper into sales of clothing, household items, electronics, and other areas via bricks-and-mortar retail, an industry the e-commerce retailer had disrupted with its online presence.
Amazon aims to tap the return of consumers to the stores post-vaccination, which led to the weaker e-commerce revenue, something that the pandemic had reversed entirely.
Earlier this year, Walmart Inc (NYSE: WMT) announced a billion investment to drive its e-commerce business. It began offering subscriptions to its proprietary e-commerce technologies and capabilities to small and midsized businesses.
Walmart's Q2 revenue rose 2.4% Y/Y to $141 billion, beating the consensus of $136.9 billion, marking its highest quarterly revenue ever outside of the holiday season. In contrast, Amazon's e-commerce slowdown led to Q2 revenue of $113.1 billion, up 27% Y/Y missing the consensus of $115.1 billion.
Amazon's new retail spaces of 30,000 square feet, smaller than the 100,000 square feet department stores, will stock items from top consumer brands.
It aims to take on the format adopted by Bloomingdale's Inc, Nordstrom Inc (NYSE: JWN), and other department-store chains.
Price Action: AMZN shares traded lower by 0.14% at $3,196, and WMT shares traded higher by 0.47% at $149.82 in the market session on the last check Thursday.

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