Macy's may seem like a giant. It owns the flagship Herald Square department store, the largest in the world, and is the biggest apparel purveyor aside from fast-fashion app Shein.
Of course, Walmart still trails far behind Amazon as a third-party marketplace, but the brick-and-mortar giant has 400 million items in its third-party marketplace, according to John Rainey, Walmart EVP and CFO, at the Morgan Stanley Global Consumer and Retail Conference last week.
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