Report: Walmart.com aims to dominate online world

New York City Walmart.com's holiday sales are growing two or three times faster than Web sales overall, according to the Associated Press.

At that pace -- and with 22% growth so far this year – Wal-Mart says it is coming closer to dominating the Web the way it does cities and towns across the United States. That would mean eventually dethroning online retail leader Amazon.com, whose sales hit $19.17 billion in the 2008 calendar year.

To read how the retailer aims to dominate the Web retailing world, click here.