Wal-Mart Prepares To Take On The World To Rev Up Global Revenue

With international Web sales lagging behind major competitors such as Amazon, Wal-Mart is stepping up its overseas e-commerce expansion, looking for staff, talking to vendors and mapping its approach to what could become the world's biggest Internet initiative.

Rest assure we will be reaching out to them to assist because we know exactly how this should be done.

Snapshot from article:

Wal-Mart already pulls in the most sales of any retailer—$405 billion last year, including about $100 billion from international operations in 14 countries. While the company doesn't disclose Internet sales, indications are the retailer has a lot of growing room. Trade publication Internet Retailer estimated that Wal-Mart's e-commerce sales in 2008, the latest projection available, were $1.74 billion. That compared with No. 1 ranked Amazon.com Inc. at $19.2 billion and No. 2 Staples Inc., at $7.7 billion. Other brick-and-mortar retailers like Office Depot Inc., OfficeMax Inc., Sears Holding Corp. and Best Buy Co. outranked Wal-Mart in Web sales, with Wal-Mart entering the list at No. 13. This was before Wal-Mart said it was making a great push to improve online sales.

Read the entire article here.

Related post: Playing the "Wal-Mart-China" Global Game

Posted by: The Global Small Business Blog