Wednesday, November 21, 2018

Walmart and Target are grabbing a bigger piece of online sales heading into the holidays, but it's come at a cost

CNBC
Retailers such as Walmart and Target have been pouring money into their online businesses to fend off rival Amazon as the companies look to capture an even greater share of U.S. e-commerce sales.

While Amazon's reported sales growth each quarter includes that taken in from its other businesses, such as Amazon Web Services, the company is expected to capture nearly 5 percent of total U.S. retail sales by the end of this year, according to eMarketer. . . . more