WMT - Walmart Inc.

NYSE - Nasdaq Real-time price. Currency in USD
116.80
+0.94 (+0.81%)
As of 2:25PM EST. Market open.
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Previous close115.86
Open115.98
Bid116.53 x 900
Ask116.55 x 1000
Day's range115.95 - 116.89
52-week range93.11 - 125.38
Volume2,456,632
Avg. volume5,445,474
Market cap331.373B
Beta (5Y monthly)0.37
PE ratio (TTM)23.36
EPS (TTM)5.00
Earnings date17 Feb 2020
Forward dividend & yield2.12 (1.83%)
Ex-dividend date04 Dec 2019
1y target est129.63
  • Buy Sluggish Amazon Stock Ahead of Q4 Earnings on Possible 2020 Surge?
    Zacks

    Buy Sluggish Amazon Stock Ahead of Q4 Earnings on Possible 2020 Surge?

    Amazon stock has fallen over 4% in the last six months. It appears that investors are worried about Amazon's profit. But how long will Amazon stock stay stagnant as the e-commerce powerhouse spends to speed up its delivery?

  • Jeff Bezos Friended the Wrong Foreign Leaders
    Bloomberg

    Jeff Bezos Friended the Wrong Foreign Leaders

    (Bloomberg) -- Sign up for Bloomberg’s daily technology newsletter here.The last two weeks have been remarkably eventful for Jeff Bezos. First, the Amazon.com Inc. co-founder’s visit to India was met with street-side protests, a new antitrust investigation into “predatory pricing and unfair trade practices” and hostile comments from the government led by India Prime Minster Narendra Modi.Then last week, Bezos’s yearlong tangle with Saudi Arabia burst into the headlines, with cybersecurity investigators concluding with “medium to high confidence” that Bezos’s iPhone was hacked via a WhatsApp message sent directly from Crown Prince Mohammed bin Salman’s account.Those are two very different situations in two separate parts of the world. But they had something in common—an overly optimistic bet (that Amazon placed, along with its Big Tech brethren) on global leaders whose dispositions turned out to be less open and, to varying degrees, more autocratic than Silicon Valley originally thought.Amazon first bet big on India in 2014, when Bezos stood on the top of a flatbed truck in ceremonial Indian wedding garb and presented the chief of his local operation with an oversized $2 billion check. Bezos met with Modi on that trip and amid mutual goodwill, seemed to believe the prime minister would loosen India’s rigorous restrictions on how foreign-owned e-commerce companies could operate.Since then, regulations in India have actually become stricter, with Modi catering to his party’s base of small business owners by limiting Amazon’s ability to sell items directly and to control its own prices. While gaining market share from Walmart Inc.-owned rival Flipkart, Amazon’s marketplace division reported steep losses in the last full fiscal year. On Bezos’s latest trip, Modi reportedly declined to meet with him.Bezos’s relationship with Saudi Arabia started with similar hopes. According to last week’s reports, Bezos and Prince Mohammed met at a 2018 dinner party in Los Angeles and exchanged phone numbers. Buoyed by the crown prince’s promise of modernizing the desert kingdom and diversifying its oil-based economy, Amazon was angling to close a $2.2 billion deal to put three data centers in the country. But that arrangement was put on ice after Saudi agents killed Jamal Khashoggi, a columnist at the Bezos-owned Washington Post. Saudi officials have said the crown prince had no involvement in the murder of Khashoggi or the cyberattack on Bezos. Now a Twitter account linked to the Saudi government is advocating for an Amazon boycott.In each country, Amazon’s agenda was complicated by the regime’s bellicosity toward coverage in the Post. But the sharp decline of its fortunes in India and Saudi Arabia is also about leaders whose true colors were much darker than they originally seemed. India under Modi recently passed a restrictive citizenship law that prevents many undocumented Muslim migrants from becoming citizens, while allowing for applicants with different religious affiliations. The Saudi government under Prince Mohammed has fueled conflict in Yemen, persecuted religious and political dissidents and unleashed coordinated Twitter attacks and other cyber tactics on its perceived enemies.Amazon wasn’t alone in pinning unrealistic hopes on these leaders. India has proved similarly challenging for Facebook Inc. The country accounts for Facebook’s largest user base, but the government has tried to force the company to identify users of the encrypted WhatsApp messaging service and threatened to introduce restrictive new rules to regulate social media. And in 2018 the Saudi crown prince cultivated many tech leaders who would likely be wary of such photo ops today.It wasn’t too long ago that tech leaders were overly optimistic about China, too. Mark Zuckerberg did a fun run for the cameras in Beijing and a meet-and-greet with President Xi Jinping. Google thought it could sneak back into China, after famously withdrawing from the country in 2010, with its secretive Dragonfly search project.Back in what now seems a simpler time, tech companies thought the world was becoming more receptive to the economic bounties and democratizing halo of the internet. But the world, and these leaders, have veered starkly away from this brand of idealism. It turned out they didn't want to be friends with Silicon Valley after all.If you read one thingWhen tech leaders tried to understand why large companies have trouble embracing new technologies, they turned to Clayton Christensen, author of the seminal book, the Innovator’s Dilemma, and several sequels. Christensen died last week at age 67 of complications from cancer treatment, according to Utah’s Deseret News.And here’s what you need to know in global technology newsYouTube got the streaming rights to some of the biggest esports leagues. Google signed a deal with Activision Blizzard to carry Call of Duty and Overwatch competitions. The Call of Duty league debuted Friday with a three-day event in Minneapolis.Salesforce encouraged employees to buy and expense a copy of the co-founder’s new book. The software company sent a memo to its 48,000 workers last fall promoting the book, Trailblazer, and offering reimbursement. On its website, Salesforce describes the book as an “instant” bestseller.Airbnb sued a real estate developer it partnered with to build apartments. The suit accuses NDG and its chief of stealing at least $1 million. The venture has long been a source of controversy for Airbnb, which is expected to go public this year.To contact the author of this story: Brad Stone in San Francisco at bstone12@bloomberg.netTo contact the editor responsible for this story: Mark Milian at mmilian@bloomberg.net, Anne VanderMeyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Will Amazon's (AMZN) Q4 Earnings Benefit From Prime & AWS?
    Zacks

    Will Amazon's (AMZN) Q4 Earnings Benefit From Prime & AWS?

    Strengthening Prime-enabled services and expanding AWS services portfolio are likely to reflect on Amazon's (AMZN) fourth-quarter results.

  • Verizon Partners Synchrony to Foray Into Financial Services
    Zacks

    Verizon Partners Synchrony to Foray Into Financial Services

    Verizon (VZ) collaborates with financial services company, Synchrony, to offer exclusive credit card services to its customers, which are expected to be launched in the first half of 2020.

  • Walmart (WMT) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Walmart (WMT) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Walmart (WMT) closed at $115.81, marking a -0.25% move from the previous day.

  • Why neighborhood social network Nextdoor banned national politics
    Yahoo Finance

    Why neighborhood social network Nextdoor banned national politics

    Nextdoor, a ZIP code-curated and vetted social network, does not allow discussions about U.S. politics — even during an election year. Here's why.

  • 5 Potential Winners in the Retail Space This Earnings Season
    Zacks

    5 Potential Winners in the Retail Space This Earnings Season

    Retailers are making prudent investments to strengthen digital ecosystem and delivery capabilities. While these drive sales, they entail high costs. Margins remain a key area to watch this reporting cycle.

  • Sainsbury Badly Needs Vision to Combat Amazon and Aldi
    Bloomberg

    Sainsbury Badly Needs Vision to Combat Amazon and Aldi

    (Bloomberg Opinion) -- Almost a year since competition authorities dealt a mortal blow to J Sainsbury Plc’s $9.1 billion plan to buy Walmart Inc.’s Asda, Mike Coupe is stepping down as chief executive officer of Britain’s second-largest supermarket chain. He’s been at the helm for almost six years and will be 60 in September, so it’s a natural time to hang up his grocer’s apron.But Coupe’s departure looked inevitable once the Asda combination collapsed. Whether or not Sainsbury mishandled the competition risks, for any CEO, grinding out growth in a sluggish market is far less exciting than pulling off an audacious deal.The choice of Simon Roberts, currently retail and operations director, to succeed him is a surprising one given that his most recent experience before Sainsbury wasn’t in food retail, and he’s a relatively new arrival at the group. Sainsbury’s former finance director, John Rogers, was widely seen as Coupe’s heir apparent, until he left for advertising company WPP Plc in October. This may explain his departure. Roberts, 48, is a hands-on shopkeeper. He spent 15 years at Marks & Spencer Group Plc and 13 years at Walgreens Boots Alliance Inc. before joining Sainsbury two and half years ago. But the changes that Sainsbury has made to its stores since then haven’t always gone smoothly. A management overhaul in 2018 led to empty shelves and unkempt shops. In a fast-changing retail market, executives need to augment operational expertise with strategic vision. It’s not yet clear that Roberts has that.It’s interesting that Britain’s two biggest supermarkets, Tesco Plc and Sainsbury, will be led by executives who spent many years at pharmacy retailer Boots. Perhaps it’s replacing Asda as the training ground for top executives. It may be that working for Walgreens CEO Stefano Pessina, who’s known for not suffering fools gladly, is the perfect preparation for taking on difficult challenges — even the brutal U.K. supermarket business.Roberts will need all of the skills he honed under the Italian dealmaker to keep Sainsbury on track. First of all, he must continue to battle the company’s other major rivals which make up the U.K.’s Big Four grocers — Tesco, Asda and Wm Morrison Supermarkets Plc. And he must defend Sainsbury from the U.K. arms of the German discounters, Aldi and Lidl, which are increasingly forging into Sainsbury’s heartland in the south eastern U.K. Coupe did a good job cutting Sainsbury’s prices on everyday items. Roberts must continue this. For a while in 2018 and early 2019, after the damaging store-management overhaul, sales growth slipped behind that of rivals. Sainsbury was beginning to  look like the sick grocer from which everyone else was seeking to steal market share. Its sales have recovered since, but Roberts must maintain that momentum.Secondly, Sainsbury must get Argos, the catalog retailer that Coupe acquired four years ago, back on track. The business, which sells everything from toys to tents, had a poor Christmas. In order to defend itself from the mighty Amazon.com Inc., it must better exploit its combination of online presence and bricks-and-mortar stores, as well as ensure its prices are right. On Tuesday, Sainsbury announced it would further integrate Argos into Sainsbury, axing hundreds of management jobs and cutting costs as it merges divisions including commercial retail and finance. This program must be managed without disruption.If all of this doesn’t go to plan, there is always the risk that Sainsbury, perennially tipped as a takeover target, could finally attract the attentions of a bidder. No one can fault Coupe for his bold decisions. In an environment where just keeping your head above water is hard enough, he was prepared to make daring moves. Unfortunately, they didn’t always pay off.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Is Walmart Inc. (NYSE:WMT) Trading At A 27% Discount?
    Simply Wall St.

    Is Walmart Inc. (NYSE:WMT) Trading At A 27% Discount?

    Today we will run through one way of estimating the intrinsic value of Walmart Inc. (NYSE:WMT) by estimating the...

  • What's in Store for Tuesday Morning's (TUES) Q2 Earnings?
    Zacks

    What's in Store for Tuesday Morning's (TUES) Q2 Earnings?

    Higher freight costs and any deleverage in SG&A rate are likely to get reflected in Tuesday Morning's (TUES) margins in second-quarter fiscal 2020.

  • Amazon to Use Mom-and-Pop Shops as Delivery Points in India
    Zacks

    Amazon to Use Mom-and-Pop Shops as Delivery Points in India

    Amazon (AMZN) teams up with mom-and-pop stores (kirana shops) in India in order to strengthen its delivery system in the country.

  • Things to Note Ahead of Tractor Supply's (TSCO) Q4 Earnings
    Zacks

    Things to Note Ahead of Tractor Supply's (TSCO) Q4 Earnings

    Tractor Supply's (TSCO) fourth-quarter 2019 performance is likely to have benefited from ONETractor initiative, store growth efforts, inventory management and an improved loyalty program.

  • Sprouts Farmers Lags Industry Mark: Will Strategies Aid?
    Zacks

    Sprouts Farmers Lags Industry Mark: Will Strategies Aid?

    Sprouts Farmers (SFM) is witnessing higher expenses that are affecting the bottom line. However, initiatives like Fresh Item Management Technology and cost containment might aid performance.

  • Google Joins The Trillion-Dollar Club: Who's Next?
    Zacks

    Google Joins The Trillion-Dollar Club: Who's Next?

    Google Joins The Trillion-Dollar Club: Who's Next?

  • The Zacks Analyst Blog Highlights: AMZN, WMT, EBAY and BABA
    Zacks

    The Zacks Analyst Blog Highlights: AMZN, WMT, EBAY and BABA

    The Zacks Analyst Blog Highlights: AMZN, WMT, EBAY and BABA

  • Amazon to Create 1 Million Jobs in India, Expand Footprint
    Zacks

    Amazon to Create 1 Million Jobs in India, Expand Footprint

    Amazon (AMZN) intends to create 1 million jobs in India and bolster its talent pool.

  • The Sitcom That Gets America's Working Class
    Bloomberg

    The Sitcom That Gets America's Working Class

    (Bloomberg Opinion) -- Sitcoms are an underrated way of portraying the economic challenges faced by average people. “Atlanta” shows the travails of working-class black Americans navigating a world of hassle, insecurity and poverty. The Canadian program “Kim’s Convenience” depicts immigrant small-business owners and their second-generation children off to a rocky start on their rise into the middle class. Broad economic trends form the backdrop to both of shows -- the loss of dependable manufacturing jobs, the geographic concentration of economic opportunity, immigration, prejudice and social mobility. But perhaps no show captures the reality of the modern American workplace as well as NBC’s “Superstore.”The premise of “Superstore” is charmingly simple -- the misadventures of the employees of a big-box discount store called Cloud 9 (a fictional analog of Walmart). They represent a diverse cross-section of the American populace: young, old, black, white, Asian, Hispanic. One is disabled, one is an unauthorized immigrant, one is homeless, another is a teenage mom. They’re not the burly hard-hat-wearing men that one might associate with the term “working class.” But perhaps that stereotype ought to change because retail workers have outnumbered manufacturing workers in the U.S. since 2003:The Cloud 9 workers are both benefiting from and suffering from the big change that U.S. retail has undergone in recent decades as local, family-owned stores were replaced by national chains. Between 1948 and 1997, the share of single-establishment retail companies fell from about 70% to less than 40%.That shift has raised efficiency, but often at the expense of workers. Bargaining between employees and managers that might have been done face-to-face at a mom-and-pop is done at arm’s length behind a protective veil of corporate policy. When a manager in “Superstore” dares to violate corporate policy and gives a new mother paid time off, he is promptly fired by his supervisors. This sort of faceless, pitiless way of dealing with employees reduces their power, allowing companies to squeeze them in a thousand small ways. It also probably makes the average store a colder and more forbidding work environment.Another way retail companies squeeze their employees is with irregular scheduling. The workers in “Superstore,” like many real workers, have little assurance that they will be given enough hours to earn enough to live on. But when they do get lots of hours, they often find themselves working unpaid overtime. This is technically illegal, but employers have many ways of getting around the rules.The obvious way to fight back against corporate exploitation would be to form a union. A number of “Superstore” plots revolve around efforts to do exactly this. But it’s an uphill struggle for several reasons. First, retail jobs don’t require years of training to master, and striking workers can be replaced relatively easily. Second, a unionized store will be at a competitive disadvantage versus nonunion competitors, which could lead to job losses or even a shutdown. And third, big chain companies are very skilled at dissuading workers from voting to unionize.These problems could be solved by government policy. If the U.S. government mandated that all the retail workers in a given region be represented by a single union -- a policy known as sectoral bargaining -- it would mean one less reason for employers to fear unions because all stores would be competing on a level playing field. Extending union agreements to nonunionized workers would be a way to rapidly restore labor’s power without the cumbersome process of voting in unions everywhere.  These fixes would require an extensive rewrite of U.S. labor law, but it might be a way to make retail work as good as the manufacturing jobs of the past.Regulation can also help. Restricting irregular scheduling doesn’t just improve workers’ quality of life, it   boosts productivity. Tightening up the rules regarding unpaid overtime and ensuring adequate parental leave should also be a priority.Even sectoral bargaining and regulation, of course, won’t protect retail workers from the onslaught of technology. Walmart’s most formidable competition comes from Amazon.com Inc., which has much lower overhead in terms of land and personnel. If unions force physical stores to raise wages so much that consumer prices start going up, customers could have even more incentive to shop at the online giant, putting stores out of business. Plenty of chain stores have closed in recent years amid what some refer to as the retail apocalypse and retail employment is declining as a share of the population, much as manufacturing did:Presumably, sectoral unions would be smart enough to hold down wages to fend off the threat, but this means less money in workers’ pockets.So in addition to retail workers’ trials and tribulations, “Superstore” shows a way of life in decline. No matter what happens with labor laws, stores will keep closing if online retail becomes cheaper than it already is. In that case, the U.S. economy will simply have to find something else for all those working-class people to do.To contact the author of this story: Noah Smith at nsmith150@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • India Snubs $1 Billion Amazon Investment as Resentment Grows
    Bloomberg

    India Snubs $1 Billion Amazon Investment as Resentment Grows

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. India’s government has scoffed at Amazon.com Inc. founder Jeff Bezos’ offer to invest $1 billion in the country, firing the latest salvo at an e-commerce giant that’s been accused of predatory business practices.Trade minister Piyush Goyal delivered a stinging rebuke two days after Bezos arrived in New Delhi and touted his efforts to help digitize small and medium enterprises. The investment would bring Amazon’s bet on the Indian market to about $6.5 billion. Goyal told a gathering of foreign ministers from around the world he welcomed an investigation into the company’s alleged “predatory pricing and unfair trade practices.”“They may have put in a billion dollars,” Goyal said at the Raisina Dialogue in New Delhi on Thursday. “But then if they make a loss of a billion dollars every year, then they jolly well have to finance that billion dollars. So it’s not as if they are doing a great favor to India when they invest a billion dollars.”Bezos has attracted significant opposition during a tour of India intended to underscore its importance as a growth driver for Amazon. The country’s antitrust regulator initiated a formal investigation hours before his arrival, and retailers affiliated with the Confederation of All India Traders organized sit-ins and public rallies in multiple cities to protest Amazon’s traditional cut-price approach and exclusive-selling practices.Outside the venue of Amazon India’s annual event for small retailers Wednesday, demonstrators held banners proclaiming “Amazon, go back!” and with Bezos’ face crossed-out. The CEO has sought a meeting with Prime Minister Narendra Modi but that hasn’t come through.Amazon has sought to counter the negativity with a PR offensive. From Delhi, Bezos went on to Mumbai where he visited a neighborhood store. It’s these small stores that are up in arms against the retail behemoth. The chief executive then rubbed shoulders with Bollywood personalities -- Amazon is plowing money into creating Bollywood-dominated content for its Prime Video service to lure movie-mad Indians. On Friday, the company declared it planned to create a million jobs within the country by 2025. The retail giant said it had already created 700,000 jobs in six years of operating its marketplace there.Increasing HostilityStill, Goyal’s comments were an indication that Modi’s government is trying to safeguard the interests of smaller Indian traders, the traditional voter base of his Bharatiya Janata Party, as elections approach in the state of Delhi, home to the country’s capital.Soon after Goyal spoke, the chief of his party’s foreign cell, Vijay Chauthaiwale, tweeted barely-veiled criticism of the Washington Post, which is owned by Bezos. The U.S. newspaper has been criticized by the BJP and its allies for its coverage of the Modi government’s increasingly right-wing policies.The flare-up suggests India is turning increasingly hostile to the monopolistic practices of foreign e-commerce players that dominate the burgeoning market. Responding to widespread complaints, India restricted foreign direct investment in multi-brand retail and this has forced Amazon and Walmart Inc.’s Flipkart, the two biggest e-commerce players in India, to overhaul business models to comply with new rules introduced in December 2018.In 2016, New Delhi had said foreign-owned e-commerce platforms could operate as marketplaces -- facilitating transactions between sellers and consumers -- but not sell directly. Flipkart and Amazon had established wholesale networks to reach their customers. But the more recent regulations target this workaround, banning foreign e-commerce sites from selling goods from companies in which they own a stake or have commercial arrangements with.Yet resentment toward Amazon and Walmart lingers. On Thursday, Goyal also questioned why an e-commerce marketplace should make losses.“Anybody who tries to use the e-commerce marketplace model to get into the multi-brand retail space surreptitiously will have to be questioned, will have to be investigated,” Goyal said.(Updates with job creation in the sixth paragraph)To contact the reporters on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.net;Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Ruth Pollard at rpollard2@bloomberg.net, Muneeza Naqvi, Abhay SinghFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Should Jeff Bezos Worry About India?
    Bloomberg

    Should Jeff Bezos Worry About India?

    (Bloomberg Opinion) -- Jeff Bezos is in India at an awkward moment. Just before his visit, the country’s antitrust authority ordered a probe into the business practices of its two main American-owned shopping websites. One of them is his.How worried should the Amazon.com Inc. boss be?If the Competition Commission’s recently released study on e-commerce is any guide, Bezos shouldn’t lose any sleep over the $6.5 billion he has committed so far — including $1 billion just this week — to win the only billion-person market that’s open to Western tech firms. The document, which forms the basis for the antitrust investigation, has much fodder for action, but nothing that hasn't already been chewed over.Amazon India and Walmart Inc.-owned Flipkart Online Services Pvt. are required to be neutral online marketplaces. Sellers they own can’t offer goods on their websites. That’s the law, and sure enough, last year Bezos hastily sold a big chunk of Amazon’s stake in Cloudtail, its top Indian partner, to stay on the right side of it. Flipkart, too, found a way to tiptoe around the requirement that foreign-owned platforms only facilitate e-commerce; they aren’t allowed to control inventory or influence prices.Yet many small retailers, who compete online, believe their products are outgunned in customer searches by preferred sellers — such as  Cloudtail and Appario Retail Pvt for Amazon and OmniTech Retail India Ltd. for Flipkart — and their heavily discounted offerings. Here’s how the Competition Commission’s study frames the problem: “The price points at which these sellers sell the products on the marketplace platforms are in many instances lower than the cost price for the brick-and-mortar retailers. These retailers maintain that, therefore, they either have to match the online discounts at a significant loss or the online market would be foreclosed for them. This was pointed out to be a particularly pressing concern in the case of mobile phones, where online markets constitute around 40% of the total sales in the country.”With a traders’ association announcing sit-ins and protest rallies in 300 cities, Bezos understands the need to manage the anger of stakeholders in an important market. At a summit of sellers in New Delhi on Wednesday, he announced a fresh $1 billion investment to help bring small businesses online. To political authorities, Amazon wants to demonstrate the social usefulness of e-commerce by committing to export $10 billion of made-in-India goods by 2025. Can the competition investigation upend existing business models? There’s a hint of a stick in the watchdog’s study, which notes that, “Any potentially anti-competitive unilateral conduct of platforms or platforms’ vertical arrangements with sellers/service providers will receive enforcement attention.” Yet, in closing, the commission just asks the industry to police itself by working on things like describing search-ranking parameters “in plain and intelligible language.”It’ll be unrealistic to expect anything more dramatic from the formal inquiry. After all, the final customer isn’t complaining. She would rather receive a bigger discount on a new mobile phone than ask why it’s being exclusively sold online. More than any antitrust order, the real challenge for Bezos will come from “phygital” retail, a combination of physical and digital commerce that Mukesh Ambani, Asia’s richest man, is currently piloting. Ambani’s ambition is to link up 30 million neighborhood stores to the 360 million-plus customers of his 4G telecom network, Jio. If he can dominate grocery and fast-moving consumer goods by offering discounts, cashless payment, in-store credit and the convenience of home delivery, small shops around the country could become one gigantic storefront for his JioMart. If they share their purchase, sales and inventory data with Ambani, they may even get to enjoy lower borrowing costs from banks and nonbank financiers. They won’t be as independent as they now are, but they will be bigger and more profitable, and more competitive against pure e-commerce. This future isn’t too far away. The takeaway for the antitrust authority is that they can’t put up new restrictions on Amazon and Flipkart based on the 7% of a $1.2 trillion retail market that’s gone online. Major changes are afoot in the remaining 93% of the industry that’s currently offline. Wait for the churn that comes after JioMart goes live. Bezos, too, will be waiting.To contact the author of this story: Andy Mukherjee at amukherjee@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Amazon Resumes Using FedEx Ground Network for Prime Shipments
    Zacks

    Amazon Resumes Using FedEx Ground Network for Prime Shipments

    Amazon (AMZN) is likely to gain momentum among third-party sellers, who were forced to shift to pricier delivery services during the peak holiday season, by removing ban on FedEx's ground network.

  • IMKTA or WMT: Which Is the Better Value Stock Right Now?
    Zacks

    IMKTA or WMT: Which Is the Better Value Stock Right Now?

    IMKTA vs. WMT: Which Stock Is the Better Value Option?

  • The Zacks Analyst Blog Highlights: Beyond Meat, UBS, Walmart, Restaurant Brands International and Conagra Brands
    Zacks

    The Zacks Analyst Blog Highlights: Beyond Meat, UBS, Walmart, Restaurant Brands International and Conagra Brands

    The Zacks Analyst Blog Highlights: Beyond Meat, UBS, Walmart, Restaurant Brands International and Conagra Brands

  • Kroger's Restock Strategy, New Product Lines to Aid Top Line
    Zacks

    Kroger's Restock Strategy, New Product Lines to Aid Top Line

    Kroger's (KR) Restock program and initiatives to expand in the grocery space look impressive. This is likely to improve identical supermarket sales.

  • Focus on AMZN, WMT & More in India Despite Regulatory Woes
    Zacks

    Focus on AMZN, WMT & More in India Despite Regulatory Woes

    Indian e-commerce space gets pepped up with the growing initiatives of overseas companies like Amazon (AMZN), Walmart (WMT) among others.

  • Why Target's holiday letdown 'is like getting an A instead of an A+'
    Yahoo Finance

    Why Target's holiday letdown 'is like getting an A instead of an A+'

    The retailer’s stock tumbled after reporting same-stores sales gained only 1.4% during the holiday shopping season, slowing from a growth rate of 5.7% the year prior.