VC Gene Munster: Expect Walmart To Buy New Brands
To Gene Munster, founder of Minneapolis-based venture capital firm Loup Ventures, an emerging Amazon-Walmart duopoly will continue to shape retail in 2019. Over the past year, both retailers have fought it out for market share, with each trying to close the gap on their weaknesses relative to the other: Amazon is growing its physical footprint to compete against Walmart’s network of stores, while Walmart is investing in its delivery, pickup, cashier-less checkout, and growing its 1,100-plus brand online marketplace.
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