Wal-Mart increases online presence to compete with Amazon

Filed under: AM Roundup |

Wal-Mart’s customers were late to the Internet revolution, but have taken to trolling Amazon.com for deals – leaving the world’s largest retailer worried about the future, Bloomberg reports.

Five years ago, Wal-Mart wasn’t worried about Amazon.  It’s customers who made less than $50,000 a year weren’t as tech savvy. But now, they are – and they’re turning to Amazon for deals. customers who had more disposable income, but were hit by the recession are also rediscovering the online retailer.

Read more at Bloomberg News.