Amazon Continues Beating Walmart Online, Mizuho Says

Amazon's online shoppers spend about $157 a month on average, up from $130 a month in November 2015, according to financial research firm Mizuho. In contrast, Walmart's online customers reduced their average monthly spending from $30 a month to $27, data revealed. Walmart saw lower numbers despite its efforts to grow its online business, including its commitment to invest $900 million for the next two years and partnerships with ride-sharing firms Uber and Lyft to expand online delivery service. According to Mizuho, Amazon's growth is driven in part by mobile platform, with 67 percent of respondents picking Amazon as their favorite mobile shopping site.