By the summer of 2016, it had become apparent the U.S. retail terrain had shifted beneath Walmart Inc.’s (NYSE:WMT) feet. The brick-and-mortar model it dominated for decades had already begun to lose momentum. As traditional retail was descending, e-tail was thriving, dominated not by Walmart but by Amazon.com Inc. (NASDAQ:AMZN)
Walmart had nearly 4,600 U.S. stores but no coherent online strategy. It didn’t offer free deliveries for any online orders. It had a 2.6% share of U.S. e-commerce...
https://www.freightwaves.com/news/lore-leaves-unfinished-business-at-walmart