In order to win over customers, the two retailers have been trying to one-up each other by slashing prices.
At an event hosted by investment bank Jefferies, David Cheesewright, president and CEO of Walmart International, said he was optimistic about the future prospects of his company’s digital business.
Cheesewright outlined four strategic advantages Walmart has over Amazon that will help it triumph over the tech giant.
According to Jefferies they are as follows:
- Multiplier Effect: “Multiplier effect on sales from…