Wal-Mart increases online presence to compete with Amazon
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.
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