Amazon vs Walmart - There’s No Business Like Shoe Business | 4

Business Wars

Wondery

History, Business, David Brown, Management

4.6 • 13.2K Ratings

🗓️ 29 April 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Walmart finally decides to focus aggressively on its e-commerce division, but struggles with the best way to use the internet to reach consumers. They decide their best strategy is to buy up successful online retailers. Unbeknownst to Walmart, Amazon, which is looking to move into apparel sales, is pursuing a similar strategy. As the two companies go head-to-head over an unlikely product, Walmart is unprepared for just how dirty Amazon will play.

Support us by supporting our sponsors!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, prime members, you can listen to business wars, add free on Amazon music.
0:04.8	Download the app today.
0:07.0	Remember, belts and shoes off laptops in bins?
0:19.5	It's 2007.
0:21.8	Jeff Bezos is returning to Seattle after a trip to New York.
0:25.2	He showed publishers the prototype for an e-book reader Amazon is developing called
0:28.8	a Kindle.
0:30.6	Publishers have been suitably impressed by the device.
0:33.8	Bezos is feeling good about books.
0:36.1	Amazon still dominates that category, but his mind wanders to other categories where
0:41.1	they are not doing as well as he'd hoped.
0:43.6	The big one is a peril.
0:46.1	Other CEOs might decide to stick with what they're good at.
0:49.3	Books, movies, electronics.
0:51.2	But Bezos is trying to build something that isn't a store per se.
0:56.6	He wants to create an ecosystem, a world of endless options that you enter and never have
1:02.4	to leave.
1:04.7	Bezos diligently takes his laptop out of his bag, but just as he's about to put it into
1:09.4	bin, he stops abruptly.
1:12.5	Damn it.
1:14.9	As soon as he's through security, Bezos whips out his cell phone and calls one of his chief
1:19.4	executives.
	...

Transcript will be available on the free plan in -1799 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Wondery, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Wondery and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.