Amazon Is Coming After Walmart's Biggest Delivery Advantage

Amazon.com Inc. (NASDAQ: AMZN ) could dramatically expand its same-day delivery network as it takes aim at a key advantage held by Walmart Inc. (NASDAQ: WMT ), according to Bank of America analyst Justin Post.

Post reiterated a Buy rating on the stock with a $320 price forecast . He said the company’s proposed Project Mercury could expand its same-day delivery footprint more than tenfold.

Citing a Business Insider report, Post said Amazon is considering expanding its Sub Same-Day fulfillment network to more than 1,000 facilities by 2031 from 85 today. The facilities stock about 90,000 of Amazon’s fastest-selling products. That includes household essentials, Fresh items and medicines. Amazon estimates a three-year investment of $6.8 billion could generate $7.1 billion ...