|Day's range||1.5200 - 1.7000|
Amazon (NASDAQ: AMZN) doubled its fulfillment network footprint from 2019 through 2021, but now it's focused on precision and speed. While Amazon has gotten a lot of flack about potentially overbuilding its fulfillment network, it's not going to stop building. The investment is supporting a growing number of same-day shipments for its Prime members, and it could be the key to winning back retail sales from Walmart, Target, and other physical retailers.
In late February, Walmart announced that sales rose 8% in the core U.S. market, in part thanks to market share gains in the grocery department. Likewise, Dollar General executives credited increased market share when it revealed 6% comparable-store sales growth in its fiscal Q4.
People shopping at Walmart (NYSE: WMT) is one of them. Or is it a better idea to skip Walmart's stock right now? In its fiscal 2022 (which ended Jan. 31), Walmart posted revenue of $611 billion, up 6.7% year over year.