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MarketWatch reports that Piper Jaffray analyst Gene Munster believes that when Walmart decided to run its own online sale to compete with Amazon's Prime Day promotion last week, it was from "a position of weakness" and "a sign of desperation."

“Wal-Mart’s attempt to create a competitive offering to Amazon shows the power Amazon is exerting as it gains loyalty and takes share from traditional retailers,” Munster wrote in a note to clients. “We think Wal-Mart’s response to Amazon indicates it is grasping for anything to attack Amazon.”
KC's View:
Agreed. Understandable that Walmart is feeling threatened. But it decided to play Amazon's game instead of its own, which is usually a mistake.