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Walmart has been worried about Amazon for over a decade, according to former Walmart board member John Chambers. In 2003, Amazon was eight years old and was just starting to turn a profit. Still, Walmart was worried about the growing online retailer.
"This is something that I know. I saw Amazon coming at Walmart," Chambers told Business Insider's Julie Bort .
To keep up with the rapidly growing Amazon, Walmart has had to make a lot of changes to its business, from introducing two-day shipping and grocery delivery to spending more than $3 billion on its acquisition of Jet.com.
Here are all of the ways Walmart has evolved to keep up with Amazon:
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Walmart.com was initially launched in 2000.
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Joe Raedle / Getty Images
Source: Walmart
Amazon had been founded five years earlier, in 1995, as a website that sold books.
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Business Insider/Jessica Tyler
Source: Business Insider
In 2003, Amazon was eight years old and was just starting to turn a profit. Walmart had nearly $245 billion in sales in 2003. Its $8 billion in profit was more than all of Amazons sales that year. Still, Walmart was worried about the disruptive online retailers potential.
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Ted S. Warren/AP
Source: Business Insider
"This is something that I know. I saw Amazon coming at Walmart," former Walmart board member John Chambers told Business Insiders Julie Bort.
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April L. Brown / AP Images
Source: Business Insider
One of Walmarts earliest innovations to online shopping was when it launched its Site to Store service in 2007, allowing customers to shop online and pick up their orders in-store.
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Steve Helber/AP
Source: Walmart
The program has expanded quite a bit over the past decade. Now, shoppers are able to order online and pick up in-store at a pickup tower or locker.
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Walmart
But e-commerce didnt become a huge focus for Walmart until somewhat recently. In 2015, Walmart began testing its ShippingPass program, which offered shoppers free three-day shipping if they were willing to pay a $50 annual subscription fee. That was roughly half the $99 that Amazon Prime cost at the time.
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Gunnar Rathbun/AP Images for Walmart
Source: MarketWatch
In 2016, Walmart dropped its three-day shipping guarantee down to two days, the same that Prime offered.
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Business Insider/Jessica Tyler
Source: Engadget
Also in 2016, Walmart acquired e-commerce startup Jet.com for $3.3 billion.
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Facebook/Jet
Source: Business Insider, Business Insider
Jet offers Walmart access to urban customers, and the fact that its a digitally native brand means Walmart can expand its online reach further.
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Jet.com