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Wal-Mart Suffers Setback In Bid To Catch Up With Online Rival Amazon

February 18, 2016: 12:00 AM EST
Wal-Mart’s global e-commerce sales grew 8 percent in the fourth quarter, which covered the months of November 2015 to January 2016. Despite the retailer’s efforts to ramp up online sales and narrow the gap with rival Amazon, growth was at its slowest during the quarter. To help boost online sales, Wal-Mart plans to expand its online offerings and increase the number of stores where online shoppers can pick up their orders.
Phil Wahba, "Walmart Loses Ground To Amazon in E-Commerce Battle", Fortune, February 18, 2016, © Time Inc.
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