How Fakes, Frauds And Scams Came With Walmart’s Digital Boom
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How Fakes, Frauds And Scams Came With Walmart’s Digital Boom
In its race to rival Amazon and become the next great “everything store,” Walmart leveraged its brick-and-mortar empire to grow into a major player online. And it didn’t take long for the world’s biggest retailer to build a massive digital marketplace with hundreds of millions of products and thousands of third-party sellers. But ...
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Walmart’s marketplace is a key part of its strategy to grow profit faster than sales and compete with Amazon, but a CNBC investigation uncovered new details about how this growth comes with some risk. CNBC found dozens of third-party sellers who had stolen the identity of another business, and determined some of those sellers were listing counterfeit health and beauty products. Find the full investigation here: cnb.cx/4mmNRlS | CNBC
Walmart’s marketplace is a key part of its strategy to grow profit faster than sales and compete with Amazon, but a CNBC investigation uncovered new details about how this growth comes with some risk. CNBC found dozens of third-party sellers who had stolen the identity of another business, and determined some of those sellers were listing counterfeit health and beauty products. Find the full investigation here: cnb.cx/4mmNRlS | CNBC
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