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Walmart plays catch-up with Amazon

It has no choice given that e-commerce sales dominate the retail scene

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As for now investors have already crowned a winner: Amazon's stock market value eclipsed Walmart's for the first time in July and now exceeds Walmart's by more than US$70 billion.

BT_20151026_KVWALMART260V5A_1943476.jpg
As for now investors have already crowned a winner: Amazon's stock market value eclipsed Walmart's for the first time in July and now exceeds Walmart's by more than US$70 billion.

New York

WHEN Wal-Mart announced recently that it was significantly increasing its investment in e-commerce, it tacitly acknowledged that it had fallen far behind Amazon in the race for online customers.

Walmart first said it would make e-commerce a priority at the dawn of Internet

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