To Compete With Amazon, Walmart Should Cut Itself In Half

Walmart’s latest earnings report wasn’t pretty. Overall revenue growth came in at a tepid 0.7 percent for the first half of the fiscal year. Its e-commerce sales grew 11.8 percent, but the total e-commerce market is tearing ahead at 15 percent quarterly growth, which means they’re actively losing that market. Oh, and it bought Jet.com, a massively unprofitable e-commerce vendor, for $3.3 billion to make up for it. So how did the market react? Walmart’s stock spiked 3 percent. I guess in today’s retail market, you win by not losing. It’s hard to imagine a world without Walmart. Ninety percent of all Americans live within 20 minutes of a Wal-Mart store. They have over 1.5 million employees at 5000 stores, and serve over 140 million shoppers a week. But the too-little-too-late move by Walmart to acquire Jet.com is yet another signal that we are witnessing the downward spiral of a $230 billion company. A world without Walmart is now not only possible, but likely, unless it makes some big moves soon. Read more at Tech Crunch.