In a continuation of how investment may be a sign of things to come (see two previous posts), Warren Buffett just divested from nearly $1 Billion of Walmart stock. He cited the rise of e-commerce as part of his reason for doing this and said “Its a big, big force, and it has already disrupted plenty of people, and it will disrupt more.”
The article goes on to wonder is the US is not ‘over-stored’ with “23.5 square feet of retail space per person compared with 16.4 in Canada and 11.1 in Australia.”
Of note in the article as well was the graph below, showing the change in share price of Walmart vs. Amazon. The picture is even grimmer if you look back 10 years. Walmart stock has risen 48% during that time versus Amazon’s 2,024% increase.