Sunday, February 16, 2020

What happens when Amazon, Walmart and Dollarama sales start to fall?

What happens when Amazon, Walmart and Dollarama sales start to fall?


The longer China's virus situation drags on, the more of an impact it will have on global financial markets. The Baltic Dry Index has gone from a 52 week high of 2512.00 to 425.00 at the close of last week.


Each week, Walmart serves nearly 275 million customers who visit more than 11,300 stores and numerous eCommerce websites under 58 banners in 27 countries. In fiscal 2019, Walmart imported 26-80% of its merchandise from China. The exact number is difficult to obtain.

Dollarama imports approximately 55% of its merchandise from China.

The latest business information data released by Amazon's different regional websites reveals that an average of 40 percent or more of sellers are based in China. That's based on data collected from the top 10,000 sellers. In addition, Bezos sold $4.1 Billion of stock in February, 2020. He still has 11% Amazon stock, with a $115 billion value.

Thank you,
Joseph Pede

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