While it might seem like e-commerce and brick-and-mortar retail are heading in different directions, e-commerce titan Amazon (NASDAQ:AMZN) and brick-and-mortar stalwart Walmart (NYSE:WMT) have both enjoyed unprecedented business results in 2020. Therefore, it’s not surprising both stocks are beating the market average this year.
To be clear at the outset, with Amazon the third-most-valuable publicly traded company in the world, I would never actively bet against it. But recent moves make Walmart the stock I’d be more interested in buying today if forced to choose between the two.
Did this just change the game for Walmart?
With over 11,000 locations, a Walmart is usually not very far away. This makes it a consistently convenient option even if it’s not consumers’ favorite place to shop (I wonder how many people would say they actually enjoy shopping there if surveyed). The company is often the punch line in jokes. But considering Walmart has generated over $500 billion in trailing-12-month revenue, this business is no laughing matter.
Here’s something we don’t have to wonder about because a survey’s already been conducted: Market researcher Piplsay found 11% of Americans signed up for Walmart’s new subscription service in the first two weeks it was available. The subscription service is called Walmart+ and provides perks like free shipping and discounts on fuel.
However, only about half of people in