WMT - 2 Surprising Changes Attacking Amazon's Dominance
Amazon.com (NASDAQ: AMZN) is the Western world's undisputed king of e-commerce, accounting for nearly 40% of the United States' online shopping, according to data from eMarketer. The next-nearest name is a distant-second Walmart (NYSE: WMT), winning about 5% of the nation's e-commerce revenue. It's certainly no slouch outside of the U.S. either.
But the thing about being the biggest and best in your particular market is that everyone else is mostly taking aim at you. So far the behemoth has fended those competitors off, but a couple of recent developments point to tougher times ahead.
In short, those rivals have finally figured out how to pick at Amazon. The trick is working together.