Walmart Inc (formerly known as Wal-Mart Stores Inc) is an American multinational retail corporation and its headquarters is in Bentonville, Arkansas. Walmart operates a chain of supercenters, department, and grocery stores and owns Sam’s Club retail warehouses. Sam Walton is the founder of Walmart on July 2, 1962 (56 years ago) in Rogers, Arkansas. As for Amazon.com, Inc, it is an American Multinational Technology company and It offers e-commerce, cloud computing, digital streaming, artificial intelligence technologies. Amazon is one among the Big Five American IT companies, like Google, Apple, Meta, and Microsoft. Jeff Bezos is the founder of Amazon. He initialized an online platform for books from his garage and later expanded its platform for a wide variety of products in Bellevue, Washington and that was on July 5, 1994. The topic is Walmart Vs Amazon.
Walmart VS Amazon
Amazon is an American Multinational Technology company and Walmart is an American multinational retail corporation. Amazon is the conqueror of e-commerce, whereas Walmart rules the brick-and-mortar market. When it comes to the case of online shopping, Amazon is the top choice and Walmart comes after.
Walmart (not so long before) started to expand the online marketplace with all their full force. When the pandemic and lockdown shook the whole world, Amazon got flooded with all the orders in the world. Unfortunately, they could not manage and fulfill all those orders. As a result, people started to change course from Amazon, in search of other platforms. This is when Walmart came into play. They started their online services and provided the people to order low-margin, toiletries, groceries, and other relevant items online.
How did the Pandemic and Lockdown affect them?
Lockdown had a terrible effect on both Amazon and Walmart. Walmart had to shut down many of its stores. But, Walmart held on to their business by introducing Express Delivery. Express Delivery mainly focused on delivering their customers their orders in a maximum of 2 hours. This was a great success and so they later promoted the two-day delivery system, by implementing and extending their services they managed to fulfill customer orders.
What are Amazon’s and Walmart’s selling plans?
Amazon and Walmart have their unique selling plans. Amazon’s selling plan that is professional costs around $ 39.99 per month. There are usually no listing fees. They do have a referral fee for each sale and the referral fee depends on the category. This referral fee ranges between 8 % and 15 % with several categories. The majority of Amazon sellers that is around 73 % pay Amazon FBA fulfillment fees.
Walmart does not charge monthly seller fees but Sellers are charged referral fees that range between 8 % and 15 %, quite similar to that of amazon. Walmart’s Walmart Fulfillment Services (WFS) charges differently like monthly storage and per-item fees. WFS is better when compared to FBA. Apart from these, Walmart requires UPCs for every product that you need to list. UPCs can cost over several thousand dollars for a batch of codes. The official provider – GS1 charges annual renewal fees that start at $ 50.
Which one is better according to the Ratings?
According to 2020 ratings, Amazon held the first position for the best online retail store and Walmart had become the second best. The introduction of Express Delivery by Walmart helped them to beat eBay and their offline stores served them as leverage.
What are Amazon’s Pros And Cons?
Their Pros:-
- Provides products at a low cost as compared to other retailers.
- Online purchase is easy from home or office.
- It provides a wide collection of goods.
- Free shipping for large orders.
Their Cons:-
- They have a delay in shipping.
- The customer service is slow.
What are Walmart’s Pros and Cons?
Their Pros:-
- It provides convenient access from home or office.
- It also provides a wide collection of goods.
- It has in-store pick-up for some of its products that are for free.
Their Cons:-
- Products are costlier than Amazon.
- It also has slow customer service.
Conclusion
Amazon and Walmart have their strengths. Amazon is an American Multinational Technology company, one of the most famous economical forces in the whole world, and Walmart is an American multinational retail corporation. Amazon is the top and first choice when it comes to online shopping and the second comes, Walmart. Amazon is e-commerce, where Walmart rules the brick-and-mortar. Walmart then later started to expand the online marketplace. Although the pandemic affected both businesses, Walmart managed to thrive and survive and thus Walmart became the second-best retailer after Amazon.
Frequently Asked Questions
- Do Amazon and Walmart compete with each other?
Yes, they compete with each other. They compete for global customers as these two are the leading and the top retail giants in the world.
2. How does Walmart differ from amazon when considering its delivery patterns?
Walmart gives free delivery for all online purchases that are more than $ 35. But Amazon members get free delivery if the customer has a membership. The pricing is different, but Walmart is cheaper when compared to Amazon in all categories.
