Wal-Mart Courts Lord & Taylor for Online Challenge to Amazon – WSJ

Wal-Mart Stores Inc. is near a deal to add Lord & Taylor to its website, part of a broader effort by the retail giant to build an online shopping destination that can compete with Amazon.com Inc., according to people familiar with the matter.

Wal-Mart, seeking to ramp up e-commerce sales after years of sluggish growth, wants to turn walmart.com from a discount site into an online mall that would also feature higher-end brands, the people said. For Lord & Taylor, the alliance could bring a boost in web traffic at a…

Source: Wal-Mart Courts Lord & Taylor for Online Challenge to Amazon – WSJ

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