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Wal-Mart Is Still Outshined by Amazon Despite Spending Billions

  • Fourth-quarter e-commerce sales rose 8%, down from 10%
  • Retailer to spend $1.1 billion on web operations this year
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Wal-Mart Woes Continue With Slowing Sales

After spending billions on its Web operations to take on rival Inc., the last thing Wal-Mart Stores Inc. wanted to tell investors was that online sales momentum was slowing. 

Yet the world’s biggest retailer said Thursday that e-commerce sales rose only 8 percent in the fourth quarter. That’s down from 10 percent in the third quarter and 16 percent in the second.