US EditionAmazon and Walmart Hit the Wall as Shoppers Shift Spending
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Amazon and Walmart Hit the Wall as Shoppers Shift Spending
The intense rivalry between eCommerce titan Amazon and brick-and-mortar giant Walmart has long pitted the two companies against each other. Now, both retailers have a new challenge: Shoppers themselves. Recent earnings reports have delivered a warning shot for both industry heavyweights. After years of riding the tailwinds of a pandemic-induced shift to digital shopping, both companies now face a slower-growth environment as consumer spending pa…
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