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Conor Sen

Wal-Mart and Amazon Are Buying Their Way to the Top

Acquisition targets show their strategy against rivals old and new.
Amazon is getting into Wal-Mart's game.
Photographer: David Ryder/Bloomberg

Amazon and Wal-Mart might once have existed in parallel universes, but these days they're in a price war. Both giants are now seeking to make acquisitions to compete on the other's turf. Inc. is going to have a significant brick-and-mortar presence. The only remaining question is when and how. Perhaps it'll be a new high-tech store created by Amazon wizardry, like Amazon Go grocery store, which was announced early this year. The company is slowly rolling out physical bookstores. But last week there were signs that Amazon could accelerate that push via an acquisition in one form or another. First was the report that Amazon considered buying Whole Foods last fall. And then over the weekend there was a report that BJ's Wholesale Club is putting itself up for sale, with Amazon showing some interest.