Sundry Photography/iStock Editorial via Getty Images In a note outlining the debate between Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT) bulls and bears, Bank of America analyst Robert Ormes said Arkansas He highlighted two key advantages of state-based Brick and Walmart. Mortar leader. That said, Walmart’s sheer number of stores across the country and low prices in major key categories are key edges, Ormes said. “[About] 90% of the US population lives within 10 miles of a WMT store. Its more than 3,500 supercenters can carry and fulfill up to 160,000 items in grocery and general merchandise (in addition to 39 e-commerce fulfillment centers). AMZN has only 1,285 U.S. distribution facilities,” he noted. “The WMT stores and their large parking lots are good for truck handling, pick-up/drive-up orders and same-day delivery. (especially for general merchandise) & not a good place to fulfill e-commerce orders.” Ohmes said that US consumers’ preference for grocery shopping in person is a major factor in Amazon delivery. added that it is more advantageous than relying on In addition, retailers can better manage inventory and freshness with fast grocery operations. That said, Orms remained overall optimistic about the trajectory of both stocks in 2023. As such, both names remain valued by his Ohmes team. “AWS continues to be a leader in the cloud market and is well positioned for a more constructive corporate investment cycle. If unit growth accelerates, there is good potential for higher retail margins,” he concluded. Dig into Amazon ratings.