Walmart “flexed its muscles” in an inflationary environment with a solid third quarter out on Tuesday, says Jefferies analyst Stephanie Wissink.
But the world’s largest retailer also posed in front of fierce rival Amazon (AMZN) by adding a significant number of new third-party sellers to its Walmart.com business. Walmart (WMT) said it added about 21 million new items to its online marketplace in the third quarter.
Growing its marketplace business to take on Amazon’s dominant position has…
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