Wal-Mart has prowess compared to other brick-and-mortar retailers when it comes to pricing, while Amazon has great technical know-how and is seen as a low-cost leader online, said Smead, who holds Wal-Mart in his firm's Smead Value Fund.īoth stores will be open from November 1 until December 31. This is the battle of the titans, said Smead. Wal-Mart and online retail giant Inc are heading toward an eventual face-off, said Bill Smead, chief investment offer at Smead Capital Management. The world's biggest retailer already operates stores within miles of the temporary locations, where shoppers can purchase items from the shelves or sit down with a laptop and shop a vast array of products on the chain's website. There are no plans to expand these stores at this time, said Lopez, who added that the stores are not a way to sneak into urban markets that have not welcomed the retailer. The stores are just a small test we're conducting during the holiday season to offer local customers easier, more convenient access to products, Wal-Mart spokesman Lorenzo Lopez told Reuters. The temporary stores are a first for Wal-Mart Stores Inc, which experiments with store concepts in various markets hoping they will drive shoppers to its website. Two tiny stores are making Southern California malls their home for the holidays, launching the latest salvo in the war for online retail dominance.
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