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• The Wall Street Journal reports that “Wal-Mart Stores Inc. is stepping up its international e-commerce expansion, looking for staff, talking to vendors and mapping its approach to what could become one of the world's biggest Internet initiatives. Wal-Mart wants to mix the best of what is already offered with new elements that could allow the company to sell from the U.S. into overseas markets and use its presence in other countries as a springboard for online sales.”

Steve Nave, general manager of Walmart.com, tells the WSJ that the retailer - which already generates more than $1.74 billion in online sales - is looking to capture a bigger share of the online pie and catch up with companies such as Amazon.com (which does $19.2 billion in annual sales) and Staples.com ($7.7 billion).
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