Walmart Remains in Buying Mode to Fight Amazon, Executive Says

March 20, 2018, 10:29 PM

Walmart Inc. remains in buying mode as it looks to differentiate its online inventory to compete with Amazon.com Inc., said Marc Lore, the online chief of the world’s largest retailer.

Future acquisitions will likely be in the $50 million to $300 million range, and could go higher, Lore said March 20 at the Shoptalk conference in Las Vegas. Lore made his first public comments since the retailer reported decelerating online sales growth from the crucial holiday shopping season.

“We’re looking and talking to more companies than we ever had,” Lore said. “We’re definitely in an acquisition mode.”

Lore started running ...

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