Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
On Tuesday, Amazon announced that it will slash the price of membership to its Prime program by almost 50 percent for low-income shoppers on federal welfare. The move might seem like a unique form of private-sector charity for poor Americans. But it's also a direct challenge to Walmart, the reigning king of American retail, which relies heavily on low-income shoppers and receives nearly one of every five dollars of its revenue through SNAP, or food stamps, each year. Walmart is also expanding its e-commerce business with recent acquisitions like Jet.com and Modcloth. It seems like Amazon wants to become Walmart faster than Walmart can become Amazon! More here

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