Walmart looking to create Online Mall?
Walmart is reportedly working towards creating an online mall to better take on the likes of Amazon, with the initial move being a deal with department store chain Lord & Taylor.
According to the Wall Street Journal, which cited an unnamed source, the partnership between the two sides will see Lord & Taylor start selling its products via the Walmart.com site. The report said that while Lord & Taylor will continue to operate its own site, its customers will be able to pick up & return items at Walmart’s 4,700 US outlets.
The source noted that this “would be the first step in creating an online mall”, which could include stores such as Jet.com and Bonobos.
Neither company has commented on the report.
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