Walmart Intensifies Efforts to Challenge Amazon

Walmart, the leading grocers in the U.S., has further intensified its efforts to take on Amazon. The recent developments by the retail giant, starting with the takeover of Jet for US$3.3 bn in 2016 to last week’s acquisition of Bonobos, a menswear startup, for US$310 mn indicate towards the determination of the company to boost its e-commercial sales in order to challenge Amazon. According to retail analysts at GlobalData, “Walmart