Walmart’s U.S. Online Sales Rise 63%

Walmart’s wmt massive e-commerce investments are starting to pay off.

The discount chain reported on Thursday that U.S. online sales rose a staggering 63% in the first fiscal quarter of the year, following last year’s overhaul of its online marketplace and a series of acquisitions of e-commerce companies since then, most notably its $3 billion purchase of Jet.com.

And more importantly, Walmart said comparable sales rose 1.4% at its U.S. stores, the...

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