Walmart and Target among retailers spending billions to catch Amazon

As Amazon continues to dominate e-commerce, major retailers are stepping up their investments hoping to benefit from shifting consumer demands. E-commerce sales topped $790 billion in 2020, according to IBM’s U.S. Retail Index, and with them expected to continue to grow, more retailers are shifting more of their resources to hold onto the customers they gained in 2020, and hopefully land a few more.

Walmart (NYSE: WMT), Target (NYSE: TGT), Best Buy (NYSE: BBY) and Disney (NYSE: DIS) – already...

https://www.freightwaves.com/news/walmart-and-target-among-retailers-spending-billions-to-catch-amazon

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