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When Buffet speaks, people listen:
Warren Buffett's Berkshire Hathaway has sold off $900 million of Walmart stock, choosing to invest billions in airlines instead.
The sale, which leaves Buffett with nearly no shares in Walmart, comes as the US's largest traditional retailer has been rushing to catch up to Amazon and other online competitors.
Amazon's market value is now $356 billion, compared with Walmart's $298 billion. Last year, Buffett acknowledged that traditional brick-and-mortar retailers were struggling in the face of competition from the e-commerce giant.
Yes, but is he still long on Big Cola?
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Warren Buffett Drops Walmart -- Signals Death of Retail as we know it
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You are a fluke of the universe; you have no right to be here.
(Score: 2) by RedGreen on Thursday February 16 2017, @06:52PM
"Adding a delivery business gives them a chance to move the crap out the door at full price!"
Indeed my thoughts on it as well. I really cannot see people going for it, it is not like we are past the point of selecting your own at this time. Now durable goods you can wait for like toothpaste, detergent, canned goods ... yeah I can see that happening and would go for it myself in heartbeat if it saved me some cash. Not the fresher stuff where time elapsed matters and the quality of what you are getting is paramount no way.
"I modded down, down, down, and the flames went higher." -- Sven Olsen