This year was supposed to be a slugfest between the nation’s two biggest retailers, Amazon and Walmart. As Amazon (AMZN) gets ready to announce second-quarter earnings Thursday, a closer look at the consumer spending data drawn from debit card transactions representing the average U.S. consumer helps tell a tale of two companies. Read More...
Amazon is clobbering Walmart in consumer spending, according to debit-card transactions
This year was supposed to be a slugfest between the nation’s two biggest retailers, Amazon and Walmart. As Amazon (AMZN) gets ready to announce second-quarter earnings Thursday, a closer look at the consumer spending data drawn from debit card transactions representing the average U.S. consumer helps tell a tale of two companies.
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