USA: Wal-Mart reforms buying operations
For the first time, Wal-Mart (NYSE:WMT) will combine its own buying for products sold at its stores with purchases it makes for its website, a significant move to stamp out duplicate efforts as it consolidates buying operations to better fight Amazon.
Vendors contacted by Wal-Mart about the change told Reuters the store and online buying teams of the world’s largest retailer currently operate independently.
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