Wal-Mart to fight back with updated site.
Published:
14 October 1999 y., Thursday
Wal-Mart Stores hopes to blunt some of its increasing online sales competition when it debuts a revamped Web site after Halloween. The company is facing stiffer online sales competition, including that from Amazon.com, which yesterday said it was creating an online shopping mall with more than 500,000 products. Wal-Mart began planning an overhaul of its Web site earlier this year with the idea of debuting the revised shopping area before the holiday season. Internet retail sales are forecast almost to triple to about $10 billion in the fourth quarter, when many retailers traditionally have their best sales season. Bentonville, Arkansas-based Wal-Mart said in June that it would introduce its revamped Web site in the fourth quarter to meet a growing demand for online shopping. Since then it_s signed up Books-A-Million to provide books for its online customers, and retained Federated Department Stores_ Fingerhut, a mail-order retailer, to manage and fill orders placed on its Web site.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Business to get a break under streamlined EU VAT rules.
more »
Thales UK`s naval business has yesterday signed a major sub-contract with Finning (UK) Ltd for the supply of propulsion engines and machinery for its new Lithuanian warship reactivation programme.
more »
The EU Budget 2009 provides more money for growth, the environment, jobs, research and food aid for developing countries.
more »
On day one of the World Economic Forum in Davos, the mood of this traditionally bullish event -- pure gloom.
more »
In December 2008 against December 2007 the turnover of retail trade enterprises decreased by 8.8 per cent.
more »
Mexican financial institution Banco Santander has awarded Wincor Nixdorf AG a contract to service all 4,000 of its ATMs installed in Mexico.
more »
Wincor Nixdorf AG spent much of its time at this year's Wincor World demonstrating how Wincor Nixdorf can support financial institutions and retailers through innovation.
more »
South Korea may be feeling the chill wind of recession but the country's lucrative gambling industry is cashing in.
more »
Modest revenue growth despite difficult economy; announces cost management initiatives.
more »
Tens of thousands of export firms on China's seaboard have closed due to falling demand in major European and North American markets.
more »