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Analyst: Walmart poised to overtake Amazon in online grocery

from Supermarket News

Walmart’s heavy investment in e-commerce is paying off, and the retail giant could top Amazon in online grocery market share by the end of this year, according to a report by Deutsche Bank Securities. “Given the pace of disruption in the food retail landscape and our framework that the top players will reap the benefits of industry consolidation and increasing adoption of online grocery, we believe Walmart is best-positioned to continue to take both mind and market share going forward,” Deutsche Bank analyst Paul Trussell said in a research note on Walmart titled “Flexing Its Muscles.” more

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