President of Quo Vadis Capital, John Zolidis, recently said that Walmart’s major advantage over Amazon.com, Inc. (NASDAQ:AMZN) is the rising grocery inflation in the US. Walmart earns 55% of its revenue from groceries in the US. Zolidis also likes Wal-Mart Stores Inc (NYSE:WMT) rising same store sales. He thinks that is “increasingly optimistic” that Walmart can be an “effective” competitor to Amazon.
By James Page