Posted: Thursday, February 16, 2017 at 3:41PM EST
Wal-Mart Stores for the first time will combine its own buying for products sold at its stores with purchases it makes for its website, sources said, a significant move to stamp out duplicate efforts as it consolidates buying operations to better fight Amazon (amzn, +0.79%).
Vendors contacted by Wal-Mart about the change told Reuters the store and online buying teams of the world's largest retailer currently operate independently.
Wal-Mart (wmt, +0.04%) has told some vendors it is seeking to make the buying process more efficient for itself and vendors, and improve coordination between its buying teams. It also wants to apply its bricks-and-mortar expertise in securing the lowest possible prices to its e-commerce business, according to the vendors, who spoke over the last few days. They declined to be identified for fear of disrupting business relations with Wal-Mart.
To read the rest of the story, please go to: Reuters