Day Headlines in Shopping news: 2016-06-02

  • Shopping in America: Between Bentonville and Bezos (The Economist Online Shopping 2016-06-02 14:43:37)
    Print sectionUK Only Article: standard articleIssue: Under attackFly Title: Shopping in AmericaMain image: 20160604_LDP002_0.jpgFOR decades a titan has towered over America’s shopping landscape. Walmart is not just the world’s biggest retailer but the biggest private employer and, by sales, the biggest company. Last year its tills rang up takings of $482 billion, about twice Apple’s revenue. But now the beast of Bentonville must cope with an unfamiliar sensation. After ruling as the undisputed disrupter of American retailing, Walmart finds itself being disrupted.The source of the commotion is online shopping, specifically online shopping at Amazon. E-commerce accounted for $1 in every $10 that American shoppers spent last year, up by 15% from 2014. Amazon’s North American sales grew at about twice that rate. Walmart’s share of America’s retail sales, which stands at 10.6%, is still more than twice Amazon’s, but it peaked in 2009 at nearly 12%. In January Walmart said it would close 154 American stores. It may need to shut more.Walmart’s ...