Walmart pushing hard to catch Amazon in e-commerce

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This Walmart store in Chinatown, Los Angeles, is one of seven Walmart stores in Southern California and 269 stores across the globe that will close down due to company restructuring. (AFP)
This Walmart store in Chinatown, Los Angeles, is one of seven Walmart stores in Southern California and 269 stores across the globe that will close down due to company restructuring. (AFP)

New York - Walmart Stores, the £800 gorilla of retail, is running hard to catch up in an increasingly crucial segment where it is neither the biggest nor the best: e-commerce.

The company, founded in 1962 by Sam Walton, has been gobbling up smaller and niche players in e-commerce in an effort to reach online shopping market leader Amazon.

Whether those efforts are paying off will be a focal point when Walmart Stores reports quarterly earnings on Thursday.

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