Is there room for both Amazon and Walmart?

Recode senior commerce editor Jason Del Rey talks with Kara Swisher about the ongoing rivalry between Amazon and Walmart, which was recently marked by big M&A deals: Amazonannounced plans to acquire Whole Foods for $13.7 billion and Walmart said it would acquire men's clothing brand Bonobos for more than $300 million. Del Rey explains both deals and argues that the Silicon Valley narrative of Amazon becoming the world's only store isn't as clear-cut as techies might think. He says Walmart's brick-and-mortar footprint makes a big difference, but so does its behind-the-scenes logistics operation and its access to a broad swath of consumers from all income brackets.