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Motley Fool Hidden Gems Investing

Amazon Vs. Walmart

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 25 June 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

Mary Long caught up with Jason Del Rey, author of “Winner Sells All: Amazon, Walmart, and the Battle for Our Wallets.” - How Amazon often beat Walmart’s low-price guarantee. - The incentives that slowed down Walmart’s e-commerce rollout.  - Why WalMart was hesitant about creating a loyalty program.  - Amazon and Walmart’s push into healthcare.  Companies discussed: AMZN, WMT Host: Mary Long Guest: Jason Del Rey Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

While Walmart's leadership today, like Doug McMillan, would say, it's very important

0:06.2

to keep Sam's legacy alive, I think there was, there was, to a lot of people just in, you

0:12.3

know, a sense that Walmart still in this era now was, was worrying about Sam's methods

0:19.5

and strategies and tactics too much for a world that, you know, Sam never lived in.

0:30.0

I'm Mary Long and that's Jason Delray, author of the new book, Winner Cells All, Amazon,

0:35.4

Walmart, and the battle for our wallets.

0:38.0

I caught up with Delray to talk about why Walmart and Amazon even need to battle for your

0:42.0

money, Amazon's foray into grocery and the cultural forces that continue to drive each

0:47.5

of these companies.

1:00.0

Your book is called Winner Cells All, but is the world really not wide enough for both Amazon

1:14.5

and Walmart?

1:15.7

Why does this battle have to have a winner?

1:17.7

Listen, I think when I started writing the book three years ago, it really did seem like

1:24.5

we were headed in a direction, at least in the online world where Amazon just continued

1:29.6

to gobble up market share and in large product categories might eventually be, you know, just

1:38.2

about the last person's debt, the last entity's standing.

1:41.0

I mean, they were, you know, the marketplace is ever-expanding.

1:46.4

Sellers feel like if they're selling online, they have to do business with Amazon.

1:52.0

And so for a long time, I think there are people who care about the future of retail that

1:57.4

were worried that at least online, that's the way we were heading.

2:01.8

I think things have changed a bit over the last year or two, but we can get to that.

2:07.0

So you kind of hinted at this, but you've spent the past decade recording on these two

...

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