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Wal-Mart Readies Online Expansion; Gears Up Against Amazon

May 19, 2015: 12:00 AM EST
Wal-Mart Stores Inc. said it plans to expand its online retail business and compete more directly with Amazon.com Inc. As part of the retail giant's online move, it plans to leverage its massive network of stores as distribution point. Wal-Mart's online revenue grew 17 percent worldwide in the first quarter ending April 30, 2015, providing a measure of good news against the slight drop in overall sales during the period.
Nathan Layne, "Wal-Mart eyes Amazon in potentially costly e-commerce battle", Reuters, May 19, 2015, © Thomson Reuters
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