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Walmart's market cap surpassed $1 trillion, driven by strong e-commerce growth and attracting higher-income shoppers. The company’s stock has risen over 28% in the past year, aided by its expansion into digital sales and advertising. This milestone comes shortly after John Furner became the new CEO.
Amazon is expanding its logistics capabilities by officially supporting fulfillment for Walmart Marketplace orders through its Multichannel Fulfillment service. This strategic move aims to provide end-to-end supply chain solutions for sellers and reflects a broader trend in the online retail landscape.