Here's Why Walmart Is Still Being Crushed By Amazon
Walmart posted better-than-expected second quarter earnings Thursday, but the world's biggest retailer is still under siege from Amazon.
Walmart (WMT) - Get Report posted better-than-expected second quarter earnings Thursday, but the world's biggest retailer is still under siege from Amazon (AMZN) - Get Report . 'They're relatively late to the online game,' said Michael Ingram, a market analyst with BGC Partners, based in London. Walmart's digital sales grew 11.8 percent during the quarter, down from 16 percent in the same quarter a year ago. Ingram said Walmart hopes its pending acquisition of Jet.com boosts online sales and puts the company in a better position to compete with Amazon. TheStreet's Scott Gamm reports from Wall Street.
