Walmart said to lose over $1B, weighs selling off money-losing online units [finance.yahoo.com]
Walmart's e-commerce business on track to lose over $1 billion [www.cnbc.com]
Walmart doesn't have enough cash to match Amazon in e-commerce [www.businessinsider.com]
Walmart to lose $1B on US e-commerce business this year: Report [www.foxbusiness.com]
Walmart's eCommerce Business Posts $1B Loss [www.pymnts.com]
Walmart doesn't have enough cash to match Amazon in e-commerce [www.businessinsider.com]
Walmart e-commerce is losing $1 billion as it tries to catch Amazon [www.vox.com]
Why this supply chain startup is drawing comparisons to Amazon Web Services and Airbnb [www.geekwire.com]
$ostk. So Walmart is having trouble in on line retailing. Hmm i guess they’re not buying overstock. Apparently competing with amazon and wayfair sucks. https://t.co/SjeHo68QG4
— Matt (@helmbythesea) July 4, 2019
Walmart said to lose over $1B, weighs selling off money-losing online units https://t.co/wV7t6qh0az
— Karol Cummins (@karolcummins) July 4, 2019
Is buying one of these sites in a fire sale and integrating the $safex blockchain the perfect way to make a grand entrance?
— Kiyoshi (@CryptoKiyoshi) July 4, 2019
- @Jet
- @Bonobos
- @ELOQUII
- @ModClothhttps://t.co/H4ewmE0qAD
?? Walmart's e-commerce biz is reportedly racking up $1 billion in losses and that's only one problem it has https://t.co/MKfiDM1uNn
— Neil Saunders (@NeilRetail) July 3, 2019
Why even pay $1 for Overstock’s e-commerce business? If Walmart doesn’t have enough cash to compete with Amazon, what makes you think Overstock can compete and make money, even with a huge cash infusion? $OSTK $OSTKQ $WMT $AMZN https://t.co/VM4W09IMA8
— Sam E. Antar (@SamAntar) July 4, 2019
Not even Walmart has enough cash available to compete with Amazon's e-commerce fulfillment empire, report says https://t.co/Ma4Y66MFBZ pic.twitter.com/TivgL7e9YT
— Rich Tehrani (@rtehrani) July 4, 2019
Great read.
— Deirdre Bosa (@dee_bosa) July 3, 2019
At the crux: “Walmart has not secured the same trust — and long leash — from Wall Street investors that Amazon has” https://t.co/sxVn8dFvyI
Walmart’s stock price is up 53 percent this year. It’s US online sales increased 40 percent last year. But multiple sources tell Recode that Walmart is projecting an eye-popping loss of more than $1 billion for its US e-commerce division this year. https://t.co/aRo5UJVgK5
— Recode (@Recode) July 4, 2019
It is fascinating watching a company as large, aggressive and efficient as Walmart take up a goal like "beat Amazon" but then fail, like every other brick and mortar incumbent before it, to face up to the scale of investment and time that will require. https://t.co/lzaR671LaJ
— Laurie Voss (@seldo) July 4, 2019
Walmart is still far behind Amazon in e-commerce, and inside the company tensions are rising.
— Recode (@Recode) July 3, 2019
Walmart’s CEO are applying increased pressure to cut losses, which may result in selling off at least one digital fashion brand — ModCloth. https://t.co/OUHfZnWaGH
The conflict inside of Walmart is not unheard of for a giant legacy company grappling with huge industry change.
— Jason Del Rey (@DelRey) July 3, 2019
But the stakes are huge for Walmart and it can’t afford to have infighting and lack of alignment slow it down as it chases Amazon https://t.co/sUeKZJNvzN
“The whole Walmart culture is to be humble, so all these startup announcements are countercultural in Bentonville.”
— Ivan Maljkovic (@ivan_brussels) July 3, 2019
Inside the conflict at Walmart that’s threatening its high-stakes race with Amazon.https://t.co/C6mGKud5rl pic.twitter.com/JmrHfSmeGp
Walmart is projecting losses of more than $1 billion for its US e-commerce division this year, on revenue of between $21 billion and $22 billion....
— Madhav Chanchani (@madhavchanchani) July 3, 2019
And CEO Doug McMillion and Walmart’s board of directors are not happy about it https://t.co/wG1dW5voQI
Great inside baseball here from @DelRey. $3.3B acquisition helps drive $100B+ of market value, then people start worrying about who gets the credit. (One of my dad’s favorite sayings: “It’s amazing what you can accomplish when no one cares who gets the credit”) https://t.co/RcBXsnkc7s
— Jeff Richards (@jrichlive) July 3, 2019
Great reporting. Ecommerce is hard. You can’t out Amazon Amazon. Which is why Jet never made sense to me. And Walmart’s strategy to date hasn’t made sense to me. https://t.co/tRSMIvl8r9
— modest proposal (@modestproposal1) July 3, 2019
Multiple sources tell Recode that @Walmart is projecting losses of more than $1 billion for its US e-commerce division this year, as the company is in full catch-up mode just to make a dent in @amazon’s lead. https://t.co/ktoZkqKS73
— Recode (@Recode) July 3, 2019
“Walmart has discussed the potential sale of both Bonobos and ModCloth to separate outside buyers, according to multiple sources...ModCloth will likely be sold this year...and most certainly for less than what Walmart paid”
— Lauren Thomas (@laurenthomasx3) July 3, 2019
@DelRey w a great read https://t.co/QVzGqETLp6
When Walmart bought Jet I had two gut feelings. One- that the cultural gravity of Walmart would likely ennvelope and suffocate Jet. And two- Marc Lore had no cogent strategy to turn Walmart into a profitable E-com animal. Trust your gut. https://t.co/9dBbe2KUJ1
— Doug Stephens (@RetailProphet) July 3, 2019
“Walmart has decided to stop purchasing digital-native brands for at least the next year” https://t.co/mbDILbDb2b
— David Goldberg (@davidrgoldberg) July 3, 2019
Walmart's resistance to spending to compete with Amazon is a great example of the classic wartime vs peacetime CEO dichotomy.
— Dare Obasanjo (@Carnage4Life) July 4, 2019
Amazon has 110 fulfillment centers to Walmart's 20 yet $WMT doesn't want to hurt profits to compete even though that's the future https://t.co/cgfSyn8jDK
?My feature on tension inside Walmart as it chases Amazon online. News nuggets:
— Jason Del Rey (@DelRey) July 3, 2019
*Walmart likely to sell modcloth, womens brand it recently bought
*Walmart US Ecom biz to lose more than $1B this year
*Ecom ceo Marc Lore exhausted by internal politics
https://t.co/cqb0iqYcIw
1/n Walmart trying to compete blow for blow with Amazon versus playing to its own strength is akin to a leopard trying to change its spots
— Haresh Chawla (@hchawlah) July 3, 2019
Great read here...and a thread
https://t.co/YHF53i3bM2
Fantastic piece. Seems the brand acquisition strategy might be on hold witha divestiture coming. We saw the slower digital comps start several quarters back which explains it all. $WMT $AMZN $TGT https://t.co/D78NqLItnH
— Ryan M Craver (@ryanmcraver) July 3, 2019
?My feature on tension inside Walmart as it chases Amazon online. News nuggets:
— Jason Del Rey (@DelRey) July 3, 2019
*Walmart likely to sell modcloth, womens brand it recently bought
*Walmart US Ecom biz to lose more than $1B this year
*Ecom ceo Marc Lore exhausted by internal politics
https://t.co/cqb0iqYcIw
Inside the conflict at Walmart that’s threatening its high-stakes race with Amazon https://t.co/F76h4jVuFT (via @voxdotcom) pic.twitter.com/WRTkgoEKIq
— The Verge (@verge) July 3, 2019
Walmart is still far behind Amazon in e-commerce, and inside the company tensions are rising.
— Recode (@Recode) July 4, 2019
Walmart’s CEO are applying increased pressure to cut losses, which may result in selling off at least one digital fashion brand — ModCloth. https://t.co/52kIhHDhYF
Inside the conflict at Walmart that’s threatening its high-stakes race with Amazon https://t.co/blrHWYTWHV by @DelRey of @Recode
— Jason Goldberg (@retailgeek) July 4, 2019
Incredible piece of reporting from the indomitable @DelRey https://t.co/uVaPrUfywW Amazon has warehouse, selection and Prime Sub $ edge, not to mention AWS as its ATM; Modcloth on auction block; Bonobos is not. Cultural battle royale! Chock full of insights #MustRead #eCommerce
— Billy Robins (@WARobins) July 4, 2019
Economic history in the making: Inside the conflict at Walmart that’s threatening its high-stakes race with Amazon after $3.3B acquistion of https://t.co/nnSkHg4mmM https://t.co/s91xoQ6Q00 via @voxdotcom
— Richard Vaughn MD ? (@rvaughnmd) July 4, 2019
Inside the conflict at Walmart that’s threatening its high-stakes race with Amazon https://t.co/ZQjtFs6Hoh
— Sofia Garrido (@sofiaGarrido) July 4, 2019
Walmart’s stock price is up 53 percent this year. It’s US online sales increased 40 percent last year. But multiple sources tell Recode that Walmart is projecting an eye-popping loss of more than $1 billion for its US e-commerce division this year. https://t.co/aRo5UJVgK5
— Recode (@Recode) July 4, 2019
The cost of competing with Amazon?
— Jo Ling Kent (@jolingkent) July 3, 2019
Walmart e-commerce is losing $1 billion as it tries to catch Amazon, according to multiple sources. $WMT $AMZN https://t.co/eT2OZ5xQbw
Walmart is still far behind Amazon in e-commerce, and inside the company tensions are rising.
— Vox (@voxdotcom) July 4, 2019
Walmart’s CEO are applying increased pressure to cut losses, which may result in selling off at least one digital fashion brand — ModCloth. https://t.co/v4p9vs6x1W
Great feature from @geekwire on @flexe ?
— Meg Quintero (@meg_quintero) July 3, 2019
“We believe this will be a very, very large category and we aspire to be the leader of it.” - @Karl_Siebrecht https://t.co/WpbqaOgdWI
Why this Seattle-based supply chain startup is drawing comparisons to Amazon Web Services and Airbnbhttps://t.co/oGy2E431fX pic.twitter.com/CkNfq3iXwg
— Taylor Soper (@Taylor_Soper) July 3, 2019
What's the underlying value of $OSTK online retail bus?
— Sky High (@SkyHigh12924203) July 5, 2019
"Amazon's newest fulfillment center, which will open this month on the outskirts of New Haven, Connecticut, cost some $250 million to build."https://t.co/MsDaAwee6I
Multiple sources tell @DelRey that @Walmart is projecting an eye-popping losses of more than $1B for its US e-commerce division this year, on revenue of between $21B and $22B.
— Recode (@Recode) July 5, 2019
The company is in full catch-up mode just to make a dent in @amazon’s lead. https://t.co/ktoZkqKS73
Multiple sources tell Recode that @Walmart is projecting losses of more than $1 billion for its US e-commerce division this year, as the company is in full catch-up mode just to make a dent in @amazon’s lead. https://t.co/ktoZkqKS73
— Recode (@Recode) July 5, 2019
Inside the conflict at Walmart that’s threatening its high-stakes race with Amazon https://t.co/ZIWt1WAuml
— Vox (@voxdotcom) July 3, 2019
Walmart e-commerce is losing $1 billion as it tries to catch Amazon - Vox https://t.co/4j2mUKOyEA
— Diego Serebrisky (@serebrisky) July 4, 2019
Inside the conflict at Walmart, that’s threatening its high-stakes race with Amazon https://t.co/Lz2zbtE6TN CC @gerrypizza @ngenest @JeffFillion
— Stromgol (@Stromgol) July 4, 2019
? $WMT US Ecom biz to lose more than $1B this year
— Weed and Blockchain (@Weed_Blockchain) July 4, 2019
? $AMZN has 110 fulfillment centers in the US versus 20 for $WMT
? @Walmart needs to acquire $OSTK Ecom biz and leverage its warehouses, brands & merchants if they r serious abt competing with $AMZN
https://t.co/5Cz2WhJirp pic.twitter.com/sFqNWzf8PN