Wal-Mart Just Showed Retailers What It Takes to Compete With Amazon

There has been a prevailing concern among retailers in general, and Wal-Mart Stores (NYSE: WMT) in particular, that competition from e-commerce juggernaut Amazon.com (NASDAQ: AMZN) would be the death of the American retailer. Wal-Mart has been on the defensive as more and more consumers opt for the ease and convenience of online shopping.

When Wal-Mart reported its financial results, investors were looking for signs that the world's largest retailer could meet the challenges presented by the shift in consumer behavior. As it turns outs, the company showed that its strategy is bearing fruit.

Wal-Mart's online sales take center stage. Image source: Wal-mart.

Source: Fool.com