Fernando Madeira, president and CEO of Latin America at Wal-Mart e-commerce, has been named chief executive officer of Walmart.com.
Madeira, who has been based in Sao Paulo, has fueled a sales gain at Wal-Mart's Latin American e-commerce site by offering a broader assortment and improving fulfillment, the company said.
"We've seen Brazil grow twice as fast as the market, while increasing traffic fourfold," Neil Ashe, Wal-Mart's CEO of global e-commerce, said in the memo. "In other markets, they've leveraged sales and marketing efforts, driving triple digit growth in Argentina, Chile and Mexico."
Recently, Wal-Mart (NYSE: WMT) has moved more focus to online sales and its battle with Amazon (NASDAQ: AMZN). Last month, the Oakland Tribune reported the Arkansas-based retail giant was expanding its e-commerce operations in Sunnyvale, Calif., including the hiring of hundreds of tech workers.
Arkansas Business' Mark Friedman recently reported of Wal-Mart and Amazon are expanding pilot programs for same-day delivery services. The offerings from both companies range from groceries to televisions. Read Friedman's report here.
- Report: FBI Investigating Turner Grain
- Student Entrepreneur's Doughnut Holes Available Soon at Spokes
- Video: Turner Grain Paid Farmer for Wheat But Not Corn
- Lawsuit Hits Nerve for Former Friends Fighting Over Medical Fees Earned 2 days ago
- Queen Wilhelmina Lodge to Reopen in Spring 15 hours ago
- Metro Builders Property Weighs In at $3.8 Million (Real Deals) 2 days ago
- Dassault Breaks Ground on $60M Hangar Dedicated to New Models 16 hours ago
- Tate Business Brokers Celebrates Successful First Year 9 years ago