The Wall Street Journal reports that Amazon “still surpasses its rival with online sales in electronics, media and other products with $67.8 billion, six times higher than Wal-Mart’s.”
Global Internet sales at Wal-Mart Stores rose by 30% to $10 billion during the year ended Jan. 31, surpassing Amazon.com Inc.’s 20% sales growth during the year ended Dec. 31, according to data from trade publication Internet Retailer.
Amazon still dwarfs Wal-Mart’s Web sales in scale. Amazon’s online sales of $67.8 billion of electronics, media and other products last year are more than six times bigger than Wal-Mart’s.
Walmart is continuing to buy e-commerce sites as a way to compete with Amazon — and remains steadfast in its goal to beat the online retailer.
It’s expected purchase of Adchemy, a search-engine marketing company will marks Walmart’s 12th e-commerce buy in some three years.
WMT is down .5% in early morning trading. AMZN stock is down 1.6%.