Can Walmart (WMT) succeed in the Age of Amazon?

Walmart (WMT) is still successful in the age of Amazon. For example, Walmart Stores Inc. (NYSE: WMT) records a $31.778 billion gross profit on revenues of $124.894 billion for 4th Quarter 2018.

Hence, Walmart is making a lot of money in an industry Amazon Inc. (NASDAQ: AMZN) supposedly dominates. Notably, Stockrow gives Walmart a net income of $1.710 billion and an operating income of $4.986 billion for 4th Quarter 2018.

Interestingly, Walmart’s net income exploded during 3rd Quarter 2018. To clarify, Walmart recorded a net…