Walmart seeks new products amid online battle with Amazon

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(AP) – Hundreds of inventors are auditioning their wares for
Walmart as part of an “open call” by the world’s largest retailer. They’re
hopeful the company will offer them shelf space at up to 4,700 stores
nationwide.Company officials told the 500 presenters Wednesday that they can have spots
on Wal-Mart’s online portals if they want them. Walmart is locked in a battle
with Amazon for billions of dollars’ worth of online revenue.

Walmart spokesman Scott Markley said that even if a potential seller doesn’t
win a deal for shelf space, it will benefit from spending time with a buyer from
a “Fortune 1” company.

Amazon, meanwhile, held an event Wednesday with entrepreneurs to discuss ways
to grow their businesses online. It was billed as Amazon’s first-ever “Boost
Summit.”

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