Why hasn't Walmart become a major competitor to Amazon and Ebay in the e-commerce market?
Why hasn't Walmart become a major competitor to Amazon and Ebay in the...
Maybe because Amazon has never been profitable ever? Why would they invest in a market where competition is huge and profits scarce?
Broken search engine like 99% of all online stores.
Walmart's entire consumer base is poor people, dindus, trailer trash, illegal aliens.
You can't use food stamps and EBT on Amazon.
Amazon is also trying to create a super monopoly, so they sell a lot of products at what basically accounts for a net loss.
Maybe because Amazon has never been profitable ever?
amazon reinvests all its profits. It's a tax avoidance strategy.
Different organizations with different strengths. It's the same reason Amazon doesn't have brick-and-mortar locations.
Walmart says a shit load online actually but not like Amazon. What the other posters said
It's coming. The new VP is extremely bullish on taking market share from Amazon and opening their branded market to third-party sellers in the way Amazon pioneered.
The reason it hasn't happened yet is they are watching Amazon's MASSIVE problem with counterfeiters and low-quality PL garbage and trying to ensure they can nip that in the bud from the start. If you are a successful Amazon seller with legit supply lines, you should be excited. Walmart has the brand and funding to force Amazon to stop treating its sellers so badly or simply become an Aliexpress clone (which it almost is).
Amazon is going down hill fast because 1) impossible number of Chinese counterfeiters and 2) impossibly compromised review system where up to 80% of new reviews are coming from biased review clubs and misleading buyers. This is pushing quality customers (older, with money) away from Amazon and towards smaller niche stores with better quality control. Walmart is busy trying to recreate the marketplace without those issues and attract the wealthier, discerning consumer who is currently getting sick of Amazon's horrible quality and deceptive listings.
walmart doesn't have the talent or the interest.
amazon is already amazon, nobody can even come close until the technology changes.
NOT A JOKE they literally lost my parents spaghetti sauce in the mail, refused to ship it to our house when it finally arrives instead of the closest store, cancelled the order after they got like 3/10 of them and re-ordered them.
amazon is already amazon
A few year ago it wasn't overflowing with fake reviews, counterfeits, and rebranded crap from Aliexpress. Now it is. Legitimate sellers with quality products are sick of Chinese counterfeiters jumping on their listings, and customers are sick of receiving fake knockoffs directly from China when they try to order quality goods, and they are also sick of every single review having an """unbiased""" disclaimer. If you're too dumb to see the market opening this creates, then that explains why you are not an executive at Walmart spearheading their new eCommerce model.
if im ignorant of how amazon works i can be an executive at walmart
listen you little cuck, walmart is a good company who generally makes solid decisions about how it sells products. you might as well be telling me they are going to be the next pornhub because of fake uploaders. not one asshole there thinks amazon is just going to buckle over because of a ching chong chinaman abusing reviews.
They will never become a major competitor because they are using their online segment as a way to farm vendors rather than as an actual marketplace.
walmart is a good company who generally makes solid decisions about how it sells products
Exactly. And they have noticed that Amazon is not able to keep the counterfeiters, low quality products, and fake reviews under control. The Amazon model of being a broad marketplace / online department store with FAST and reliable shipping is a good one, but their failure to reign Chinese fraudsters, Aliexpress PL artists, and fake reviews has damaged its reputation severely.
walmart is for fat people who can't internet
amazon runs CIA cloud servers
wealthier, discerning consumer
Walmart is pretty good tbqh
walmart actually does decent online, but it's a lot of in store reserve or dropshipping for them.
makes more sense to go to the store and pick it up if it's available. most people have a walmart nearby.
Who goes to walmart for one thing and comes out with one thing. I would bet that they get mad profit from people just being in the store and seeing they need staples.
Amazon has the wealthy discerning older customer base right now (look at the data) but Walmart plan to create an online department store to rival Amazon in convenience and features, and steal lots of amazon's customers because people are sick of all the Chinese garbage counterfeits and phony reviews. How hard is that for you to understand?
They are currently redeveloping their eccommerce model as above. The VP has stated several times that he wants to take Amazon's market share.
Sometimes, the Chinese knockoff could be better quality than the actual product. /Toy/ had a few hilarious threads about it.
Yep. Amazon can push loss leaders, but people don't 'browse' as much when shopping online.
Walmart can get you into the store with a couple specific deals, and then from there they get you to buy all sorts of shit you didn't intend to buy right away, but may as well get while you're in the neighborhood. It's the same reason the milk is in the back of the grocery store.
Floor layout is a billion dollar industry. Cisco, you know, the network hardware company, is developing, and already has, tech to triangulate people's locations in the store based off their cell phones so that they can measure foot traffic, and interest in certain products. You can literally graph customer retention as they wander through your store.
Online stores have this, but it's far less powerful because you can't just teleport to the dairy aisle in the same way you can just navigate straight to a webpage.
What are hyperlinks and related products
Cisco, you know, the network hardware company
oh I know
You can track people's movement, but if someone wants a specific product, and knows exactly what it is, they will go straight to it, and check out instantly. In a box store they still have to walk around past other shit, sit in line with impulse price ranged candy, listen to adverts, and countless other stupid little things designed to separate you from a few dollars. On amazon they go to the item in a couple of seconds, they order it in a couple of clicks, and go back to looking at porn. A process that takes minutes is reduced to literal seconds.
It's way easier to deliver targeted ads for stuff online, but it's also hilariously ineffective a fairly significant portion of the time. Someone buying a specific product has a relatively high likelihood of having zero intention of buying anything related to that product, let alone buying it again, so much of the data is surprisingly useless.
Believe it or not, most people don't.
No your wrong. The "people who viewed this also viewed" at checkout get people buying tonnes of crap, just as much as if they went into Walmart.
@Garbage Can Lid
But what are the margins on those things? Generally it's just more products that people are interested in, but aren't notable for being veritable mints in terms of profits.
Lots of the stuff they can shove in your face in a box store has fucking stupid margins. Those little candy bars, toys, and other shit are stupid money makers.
The point is that people use Amazon as a marketplace. They go there and browse and buy lots of stuff. Everything about Amazon is designed for impulse buys and repeat customers, they are very good at it.
really makes you think