As its Jet.com acquisition continues to pay out, Walmart is seeing hyper growth in ecommerce, with U.S. online sales up 63% in the first quarter. On the physical side of things, Walmart’s store traffic and same-store sales were both up in an extremely challenging retail environment, rising 1.5% and 1.4% respectively.
The company said the majority of the online growth was organic through Walmart.com.
“Greg Foran, Marc Lore and the team continue to partner closely to serve our customers and figure out how to invent a seamless shopping experience for our customers across our apps, sites and stores,” said Walmart Stores President and CEO Doug McMillon in an earnings call. “They are plowing new territory and I’m excited about what’s to come.”
Walmart.com launched two new initiatives in the…