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Wal-Mart Says Tech Investments Will Boost Online Sales


Ron Burgundy
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A man talks on his mobile phone in front of a Wal-Mart store in Sao PauloBy Nandita Bose FAYETTEVILLE, Ark. (Reuters) - Wal-Mart Stores Inc executives touted the technology investments the world's No. 1 retailer is making to boost online sales, during the annual shareholder meeting on Friday. Chief Executive Officer Doug McMillon spoke about initiatives like online grocery pick up, the retailer's two-day shipping program and its mobile wallet, Wal-Mart Pay. Wal-Mart onlines sales growth has sharply decelerated for five quarters even though its overall performance has been better than most competitors.




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