May
09
How Walmart, the Big Seller, Is Shopping for a Fight With Amazon
BySam Walton, who opened the first Walmart store in Rogers, Ark., in 1962, considered himself a natural merchant. “I could sell,’’ he once wrote.
Now the giant retailer he created must prove that it can also successfully buy.
Walmart on Wednesday announced a $16 billion deal to purchase 77 percent of the Indian e-commerce service Flipkart as part of its strategy to capture a piece of a fast-growing and increasingly tech-savvy market. The Flipkart deal, one of the largest and riskiest in Walmart’s history, follows a pattern of purchases over the past 18 months that includes a men’s clothing brand and a delivery start-up…
How Walmart, the Big Seller, Is Shopping for a Fight With Amazon
