Walmart said to be making move to create online mall
It seems that a week can’t go by without Amazon and Walmart taking steps to encroach on each other’s territory. Yesterday we posted about how Amazon was now partnering with Kohl’s to accept amazon returns. Now, it’s been reported by the Wall Street Journal that Walmart is in talks with high-end department store Lord & Taylor to sell their products on Walmart’s website.
According to most reports, this partnership has the potential to be beneficial to all parties involved. While Lord & Taylor has seen a decline in foot traffic to their stores an online presence with America;s largest retailer could really help them out. Conversely, this adds some prestige to Walmart’s online offerings as it has somewhat of a stigma for being only for lower-income customers.
This latest partnership is said to being contemplated by Walmart in order to develop an online mall where many different types of retailers are represented, much like Amazon.com. Yet while the two retail giants war, consumers are the victims left in its wake as we inch ever so closer to a retail duopoly in this country. Fewer choices are never a good thing.
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