The future of retail will be a combination of both online e-commerce and a brick-and-mortar retail presence – as recent moves from both Walmart and Amazon have shown, including today’s back-to-back announcements from the two rivals, which sees Amazon buying a chain of popular grocery stores with a Whole Foods deal for $13.7 billion, and Walmart picking up yet another online apparel vendor with Bonobos for $310 million.
Walmart is the only retailer with the size, scale and funds to take on Amazon, and it’s been making aggressive moves to compete with Amazon’s online business for years.
Amazon, on the other hand, has been trying to figure out how to merge brick-and-mortar stores into its world of online shopping.
Amazon, on the other hand, is still a relative newcomer to brick-and-mortar retail, compared with Walmart.
Lore, of course, is the entrepreneur crazy enough to take on Amazon not once, but twice – first with Quidsi (Diapers.com’s parent company), and then Jet.