Wal-Mart Looks to Become Top Online Retailer in Brazil and 2 Other Dow Movers to Watch
Wal-Mart Stores Inc. (NYSE:WMT): Current price $72.68
Making a move to topple B2W Cia Digital as the No. 1 online retailer in Brazil, Wal-Mart is doubling its e-commerce staff in that country. The colossal retailer is establishing headquarters for its Latin American online business in suburban Sao Paulo. By the end of 2013, some 900 employees will be working at the facility and there are plans to increase the headcount to 2,000 in 2014 for Wal-Mart’s Brazilian online sales, said Vice President Flavio Dias.