I am going to write down a list of sentences from the article and highlight the important words and explain their meanings for everyone to share and use it in their daily lives.
1. The move is Wal-Mart’s biggest attempt to date to chase down Amazon, which has dominated e-commerce in much the same way that Wal-Mart has ruled brick-and-mortar retail.
- brick-and-mortar : it describes the physical presence of a building or other structure.
ex) For sure, Wal-Mart is a dominant player in the brick-and-mortar retail!
2. It also started a subscription service similar to Amazon Prime, at half the price, but still trails the e-commerce behemoth in online sales.
- behemoth : a huge or monstrous creature
ex) Amazon is the e-commerce behemoth in the USA.
3. Traditional store-based mass retailers such as Wal-Mart, Target Corp. and Costco Wholesale Corp. have been struggling to fend off Amazon’s momentum in online shopping.
- fend off : prevent the occurrence of; prevent from happening
ex) South Korea fends off any potential attacks from North Korea by initiating THAAD system.
4. Wal-Mart is betting that if anyone can help it catch up to Amazon, it’s Jet.com founder Lore, 45, duked it out with Amazon as founder and chief executive officer of Quidsi, best known for Diapers.com, before a protracted price war and tight credit market during the Great Recession forced him to sell to his competitor for $550 million in 2010.
- duke something out : to fight, usually fist fight.
ex) Amazon ducked Ebay out with dramatic increase of market share via Prime Membership.
- protracted : relatively long in duration
ex) The negotiation has been protracted for months now. It's gotta end sooner or later.
source :
http://www.bloomberg.com/news/articles/2016-08-08/wal-mart-agrees-to-buy-jet-com-for-3-billion-to-fight-amazon
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