Walmart is still the world’s largest retailer with a market value of nearly $400 billion. And its stock has gained more than 120 per cent the last five years. But the company has long since been passed by Amazon, which has a market cap of about $1.6 trillion and its shares have surged more than 520 per cent over those same five years. And when it comes to competing head-to-head with Amazon, Walmart usually flails. The retailer’s new membership service could be its latest misstep. Here’s why.
Here’s a handy comparison of Amazon Prime versus Walmart+, courtesy of RBC Capital Markets: