The retail giants will launch competing summer discount events beginning July 8.
An Amazon Prime delivery van near a Walmart store in Richmond, Calif., on Sept. 3, 2020. Justin Sullivan/Getty Images
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News Analysis
Walmart is gearing up to challenge Amazon during Prime Day this week with an overlapping discount event—and a longer run. At the same time, the nation’s largest retailer is regaining its competitive edge over the online sales pioneer, thanks to its strategy of turning its extensive store network into a showcase for its online customers.
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron’s, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China’s Challenge.”
