Walmart ramping up e-commerce investment

Chicago

WAL-MART Stores Inc is accelerating its investment in e-commerce in a bid to narrow the gap with Amazon.com Inc and to give it an even more dominant position against the rest of the field in retail.

The world's largest retailer is now on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016, according to Justen Traweek, vice-president of e-commerce supply chain and fulfilment. That pace is faster than the eight large warehouses that industry consultants expected Walmart to build by the end of 2017.