Wal-Mart Online Shake-Up

Wal-Mart Stores Inc. announced the resignations of its two top online executives, Raul Vazquez and Steve Nave, and also reorganized its e-commerce operations in US, UK, Japan and Canada to better compete with Amazon and other sites. The move is seen as a step in creating closer ties with the core retail business instead of keeping retail and online separate. Interenet Retailer estimates Wal-Mart's online sales at about $4 billion, sixth-largest e-commerce merchant in US and Canada.