Walmart reports huge jump in US online sales
The family-owned retail giant Walmart has reported a modest rise in total revenues and a much larger increase in US online sales.
As it looks to take on e-commerce behemoths such as Amazon, the US-based retailer achieved a 63% rise in US online sales in the first quarter of this year.
Walmart’s online ambitions were demonstrated last year by its $3.3 billion acquisition of the internet retailer Jet.com.
