Dick Young, Paris, France
I no longer shop Amazon and would not go near Amazon’s casino-like stock.
In that our investment counsel firm does not invest in companies that do not offer long track records of increasing dividends, Amazon would never make our list.
It is quite amazing to me just how much better a job Walmart does in prompting me to take advantage of various offers. Amazon was not near as active on this front.
For those of you who have yet to dump the BLM/Marxist supporting Amazon, you are in for a pleasant surprise when you search out new sources as I have done,
Here is what Walmart is up to lately. Good for them.
The WSJ writes:
Walmart Inc.’s WMT -0.66% quarterly sales surged as the retail behemoth continued to use its scale, e-commerce supply chain and grocery business to attract shoppers buying food and household goods during the coronavirus pandemic.
The company’s e-commerce business nearly doubled, with revenue jumping 97% from a year ago, boosted by people ordering groceries online to pick up in store parking lots. Walmart expanded the availability of delivery and pickup time slots about 30% since February.
Comparable U.S. sales, those at stores or digital channels operating for at least 12 months, rose 9.3% in the quarter ended July 31. It marks the second consecutive quarter of strong growth and evidence that the world’s largest retailer is grabbing market share in some categories as many retailers close stores.
Overall, Walmart reported its global revenue rose 5.6% to $137.7 billion, with gains in most of the countries where it operates.
Net income was $6.48 billion, compared with $3.61 billion a year ago.
Suzanne Kapner and Matt Grossman contributed to this article.
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