Walmart’s newest purchase another shot at rival Amazon

|
Walmart
Image Credit: Associated Press
Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
Advertisement

Walmart has announced plans to acquire Bonobos, a men’s clothing retailer, for $310 million. You may have missed this news due to Amazon’s high-profile disclosure of its intent to purchase Whole Foods in a deal valued at $13.7 billion. These announcements continue to fuel the increasingly competitive retail and grocery wars.

Read more: Amazon to buy Whole Foods Market in a deal valued at $13.7B

From big box behemoth to e-commerce rival

Someone has poked the bear because Walmart — formerly known as a brand with a yellow smiley face and a poor (at best) in-store experience — is consistently purchasing innovative, streamlined brands to stake a bold claim in the e-commerce world.

Read more: Amazon vs. Walmart: Which one really has the best prices?

The retailer plans to sell Bonobos clothing on Jet.com, another acquisition that Walmart made for $3 billion to accelerate e-commerce growth.

Read more: What Walmart’s purchase of Jet.com means for you

The strategy must be working because Walmart’s e-commerce sales grew by 63% last quarter.

It’s nearly impossible to keep up with all of the changes, so here’s a look at Walmart’s big moves in the e-commerce space.

Walmart’s e-commerce timeline

  • 2000: Walmart.com launches
  • 2007: Walmart.com launches Site to Store service, enabling customers to make a purchase online and pick up merchandise in stores
  • September 2016: Walmart acquires Jet.com
  • January 2017: Walmart announces free two-day shipping
  • February 2017: Walmart acquires Moosejaw, an outdoor retailer, for $51 million
  • March 2017: Walmart acquires ModCloth, an online women’s fashion retailer
  • June 2017: Walmart launches kiosks for quick and easy pickup
  • June 2017: Walmart announces plans to acquire Bonobos

So what’s next? While the Amazon purchase of Whole Foods isn’t final yet, the e-commerce giant is already hinting at possible changes like cutting costs to lower prices.

Read more: Here’s how much cheaper Walmart is for groceries vs. the competition

Nonetheless, this retail showdown will be a battle for your dollar and, hopefully, your wallet will win the war with lower prices and a better shopping experience!

How to spot the hottest new package delivery scam

Advertisement
Sally McDonald About the author:
Sally is the newsletter editor for Clark Howard brands. She enjoys great travel deals, minimal living and saving big bucks. She lives in Atlanta, Georgia, with her husband.
View More Articles
  • Show Comments Hide Comments