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Warren Buffett just dropped Walmart, and signaled the death of retail as we know it

Retail is dieing.


Buffett’s been paring his stake in Walmart since. He first bought shares in Walmart in 2005.

He said Amazon’s competitors, “including us in a few areas, have not figured the way to either participate in it, or to counter it.”

Since the end of 2014, Walmart shares have fallen 21% compared with a 119% jump in Amazon.