Research firm eMarketer’s recent prediction that Amazon.com (AMZN, -0.12%)would control nearly half of all U.S. e-commerce this year prompted many analysts to focus on the converse—that Amazon’s online competitors continue to fall further behind.
But Walmart.com CEO Marc Lore says not so fast.
The retailer’s extensive network of 4,700 stores gives Walmart the distribution points it needs near most Americans to achieve its ultimate goal within five years: same-day delivery of fresh and frozen food, as well as other Walmart wares, to most of the country. That’s something Amazon also has its eye on and was a key factor in its $13 billion decision to buy Whole Foods last year.
“We’re playing to our strengths right now,” Lore said at Fortune’s Brainstorm Tech conference in Aspen, Colo., on Monday. “Everyone is racing toward same-day delivery and I think we’re set up really well.”
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