US Retail & Internet Walmart vs. Amazon: Can Walmart catch Amazon in the e- commerce arena? Zhihan Ma, CFA +1 917 344 8303 zhihan.ma@bernsteinsg.com Mark Shmulik +1 917 344 8508 mark.shmulik@bernsteinsg.com Sophie Lupatkin +1 917 344 8405 sophie.lupatkin@bernsteinsg.com Jenny Ku +1 917 344 8491 jenny.ku@bernsteinsg.com Luiza Nobre +1 917 344 8503 luiza.nobre@bernsteinsg.com 22 April 2025 For AMZN, its dominant eCom share remains the deepest moat in Internet. AMZN's best-in-class fulfillment footprint enable ...

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