Wal-Mart Stores Inc is ramping up plans to combine its physical stores with online technology, testing the use of lockers to hold goods ordered on the Internet until shoppers pick them up, as the world's largest retailer tries to catch up with e-commerce leader Amazon.com Inc.
While Wal-Mart is the leading retailer overall with $466.1 billion in annual sales, it trails Amazon and a handful of other retailers when it comes to selling goods online.
Amazon had $61 billion in sales last year.
Wal-Mart is on track to surpass $9 billion in annual online sales this year, Neil Ashe, chief executive of its e-commerce unit, said on Tuesday.
To read the rest of the story, please go to: Reuters