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" ... It is an uneven clash, however, and one in which Walmart is uncharacteristically the underdog. McMillon must also have realized that Amazon has some mighty weapons in its arsenal, notably, AWS, Prime, and advertising sales. These weapons together, generate for Amazon an unprecedented level of net profits (over 4% of total revenue) and a stash of cash ($32 billion in 2018 compared to Walmart's $8 billion). Enough to subsidize its loss-leading retail division if Jeff Bezos so desired. Walmart must thus neutralize these weapons if it wants to have a winning chance of preserving its alfa status. But how? McMillon has several options ahead; let's analyze each of them briefly. ... "