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Walmart Is Working on These Cool Things to Reinvent Retail and Slap Down Amazon

Walmart (WMT) may soon be no match for Amazon (AMZN) , within the retail space, anyway.

"Today, together, we're building a new Walmart," Doug McMillon, Walmart president and CEO, said at the company's annual shareholders meeting in June.

At the meeting, McMillon revealed some more of the futuristic inventions Walmart is beginning to test at its stores, and it's almost daunting how progressive some of them are.

First, Walmart is testing an automated pickup tower at several stores in Arkansas, Detroit, Houston, Atlanta and North Carolina. The tower allows customers, who choose to order something online and have it sent to a store, to pickup their purchase seamlessly, company spokeswoman Anne Hatfield told TheStreet.

Hatfield said the 16-foot tower can hold up to 300 small to mid-size packages and all customers have to do is walk up to it (its doors automatically open...