Walmart (NYSE: WMT) still has its eyes locked on beating Amazon (NASDAQ: AMZN) in e-commerce by launching a new initiative targeting small- and medium-sized businesses (SMBs). Called Walmart Business+, it seeks to simplify purchases made by businesses through a curated list of 100,000 products such as office supplies, furniture, food and beverage, restroom items, electronics, and classroom and facility needs. It is yet another initiative in a series that Walmart has begun to woo businesses away from its rival, which has offered small- and medium-sized companies various services for years.
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Shopify (NYSE: SHOP) and Etsy (NASDAQ: ETSY) both caught Wall Street's attention recently when the companies announced big price increases. Etsy raised the fees that it charges sellers for access to its platform; Shopify said it is boosting its monthly and annual fees by over 30%. Shopify easily wins the growth matchup.