Walmart works to close gap between itself and Amazon - KAIT Jonesboro, AR - Region 8 News, weather, sports

Walmart works to close gap between itself and Amazon

(Source: KAIT) (Source: KAIT)

By ANNE D'INNOCENZIO
AP Retail Writer

HOBOKEN, N.J. (AP) - Even after an online spending spree, it may be hard for Walmart to escape the Amazon in the room.

Walmart's acquisition of Jet.com and brands that appeal to younger shoppers gave it an e-commerce boost as it works to close the gap with the online leader. The world's largest retailer is betting on essentials like fresh produce and groceries and has adjusted its shipping strategy to better compete with Amazon's juggernaut Prime program. But Amazon keeps innovating too, implementing new technology and trying to make shopping more convenient.

Marc Lore, a co-founder of Jet.com who is now head of Walmart's U.S. online operations, says he's confident about the company's momentum, which comes as Walmart prepares to show off some of its innovations at the company's shareholder meeting this week.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • White House warns Syria's Assad against chemical attack

    White House warns Syria's Assad against chemical attack

    Monday, June 26 2017 10:13 PM EDT2017-06-27 02:13:04 GMT
    Monday, June 26 2017 11:33 PM EDT2017-06-27 03:33:48 GMT

    The White House says it has found "potential" evidence that Syria is preparing for another chemical weapons attack.

    The White House says it has found "potential" evidence that Syria is preparing for another chemical weapons attack.

  • Cal Ripken Regional Tournament headed to Paragould

    Cal Ripken Regional Tournament headed to Paragould

    Monday, June 26 2017 10:01 PM EDT2017-06-27 02:01:30 GMT
    Monday, June 26 2017 10:16 PM EDT2017-06-27 02:16:31 GMT
    (Source: KAIT)(Source: KAIT)

    The 2017 Cal Ripken 10-Year-Old Southwest Regional Tournament is making its way to Paragould for the first time in over a decade.

    The 2017 Cal Ripken 10-Year-Old Southwest Regional Tournament is making its way to Paragould for the first time in over a decade.

  • Residents worry about local swimming hole

    Residents worry about local swimming hole

    Monday, June 26 2017 9:39 PM EDT2017-06-27 01:39:53 GMT
    Monday, June 26 2017 10:10 PM EDT2017-06-27 02:10:33 GMT
    Williams Landing in Craighead County (Source: KAIT)Williams Landing in Craighead County (Source: KAIT)

    A drowning over the weekend has residents near a swimming spot in Craighead County concerned that swimming there should be forbidden.

    A drowning over the weekend has residents near a swimming spot in Craighead County concerned that swimming there should be forbidden.

Powered by Frankly