Amazon's stock soared to a new high today on news of modest profits on strong earnings that far outpaced expectations. Amazon's sales rose 30% over the same period in 2014.
Which was a bit like a poke in the eye for Walmart which one week ago projected profits falling by as much as twelve percent next year as it invests in ecommerce -- especially supply chain enhancement -- and improved customer service.
Thursday the New York Times published a nice comparison/contrast of Walmart and Amazon. Nothing not already reported by this blog, but a helpful overview. The shift to online retail is occurring even faster than many predicted. Amazon's supply chain is optimized for online purchasing and home delivery. Walmart's supply chain dominated the supercenter age. Sears commanded telegraph and railways.
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