General Motors (GM) scores earnings beat, but big revenue miss >>> READ MORE

8 Mergers That Could Dethrone Amazon

Some of them may sound crazy, but no crazier than the e-commerce giant getting into groceries

      View All  

Mergers That Could Dethrone Amazon: eBay (EBAY) and Walmart (WMT)

Credit has to be given where it’s due. Wal-Mart Stores Inc (NYSE:WMT) has spent a ton of time and money to win back some of the business it has lost to online shopping giant Amazon. Not only is Walmart in the midst of deploying $2 billion worth of investment in its e-commerce presence, it also recently closed on the purchase of online-retailer

It’s working, too. Last quarter’s online revenue was up 63% year-over-year.

Try as it might though, neither Walmart nor Jet is a first-choice venue for internet shoppers. Amazon remains the go-to destination for most consumers looking to find something, or find nothing in particular.

It’s too bad, too, as Walmart (now that it sells third-party goods online) can probably offer the same diverse selection Amazon does. It’s just not a name people associate with internet shopping.

You know what e-commerce name does turn heads, though? eBay Inc (NASDAQ:EBAY). It just doesn’t have the breadth of depth of merchandise Amazon does. If the two could muster the guts to move further down the M&A scale — combining the eBay name and Walmart’s purchasing power — Amazon would have good reason to worry.

Next Page

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC