Walmart

The Walmart juggernaut

Walmart
A busy Friday night, decades ago. Photo: Steve Liss/LIFE/Getty

As Amazon's market power has sunk big box stores left and right, Walmart seemed next in line for a big hit. But the 56-year-old legacy retailer has been surprisingly nimble as it stares down the formidable everything store.

Driving the news: Walmart today easily beat earnings expectations for Q4 of 2018, giving its stock a 5% boost at one stage. The company reported a whopping 43% year-over-year increase in online sales — for the second quarter in a row.

Walmart, the anti-Amazon

The storefront of a 1950s style pharmacy
Sam Walton’s original five-and-dime, Bentonville, Arkansas. Photo: Erica Pandey/Axios

BENTONVILLE, Ark. — In the 1980s, Walmart was the archvillain of capitalism: the ruthless killer of main streets and mom-and-pops, outrageously profitable and, by all appearances, unstoppable. Now, the 57-year-old retailer has a new role in American society: the anti-Amazon.

What's happening: Amid a decade-long era of heady corporate profits, vast numbers of workers feel untethered, distrustful and without a sense of belonging and dignity. Amazon, like the rest of Big Tech, is being swept up in this crisis of faith, villainized for its very bigness.

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