Plenty of large brands have hopped on the e-commerce bandwagon, building out their own proprietary technologies to further monetize their products. But why stop there — why not monetize e-commerce itself?
"We've built new capabilities to serve the evolving needs of our own customers, and we have a unique opportunity to use our experience to help other businesses do the same," said John Furner, CEO of Walmart U.S. "Commercializing our technologies and capabilities helps us sustainably reinvest back into our customer value proposition."
Walmart: Software Goliath?
Joining The Digital Revolution
The company has seen massive success with its e-commerce business in recent years. In Q1 of 2021, Walmart reported e-commerce gains of 37%, 47% and 49% from its U.S., Sam's Club, and international segments, respectively, and in its U.S. arm, e-commerce sales have more than doubled over the past two years.
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"We're excited to collaborate with Walmart to help Adobe merchants expand their businesses to new channels and offer shopping experiences that increase their competitiveness and fit well with shifting consumer behaviors in an increasingly digital economy," said Anil Chakravarthy, Adobe's executive vice president and general manager of digital experience business and worldwide field operations.
Companies like Shopify (NYSE:SHOP) have long dominated the digital economy. But it could soon be time for the Walmarts and Amazons of the world to crowd out the little guy and usurp the Squarespaces and the BigCommerces – for better or for worse.
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