Wal-Mart boosts online offerings in bid to boost sales

Filed under: Wal-Mart (WMT), Amazon.com (AMZN), Walt Disney (DIS)

Shares of Wal-Mart Stores, Inc. (NYSE: WMT) slipped slightly Monday despite news that the world's largest retailer has boosted its online offerings in a bid to compete with the likes of Amazon.com, Inc. (Nasdaq: AMZN) and eBay Inc. (Nasdaq: EBAY) for online sales.

Shortly after markets closed in New York, Wal-Mart stock were off by 26 cents, or 0.5%, to $50.87 a share. The retailer's shares followed a market-wide trend that saw the Dow Jones industrial average, of which Wal-Mart is a component, lose slightly about a half percent of its value.

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Wal-Mart boosts online offerings in bid to boost sales originally appeared on BloggingStocks on Mon, 31 Aug 2009 17:00:00 EST. Please see our terms for use of feeds.

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