Walmart eyes Amazon in potentially costly e-commerce battle

Bentonville, Arkansas

WALMART Stores Inc said that it would take a different approach to online growth than Amazon.com Inc by using its large network of stores as distribution points.

But if the world's largest bricks-and-mortar retailer is serious about competing more directly with Amazon - as it has suggested by testing a free shipping club - then it may have to spend well beyond a previously announced investment target on big distribution centres and other costs for its plan.

Walmart's sluggish quarterly results that were released on Tuesday highlighted the importance of growing i…