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Walmart Says E-Comm Sales Spike 74%, Pulls Plug on Troubled Jet.com

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Walmart’s first-quarter e-commerce sales spiked 74 percent as consumers sheltering in place sought their essentials from the big-box retailer’s online store, prompting the Bentonville, Ark., chain to pull the plug on the jet.com brand for good. In a Nutshell: Walmart acquired the Jet business, positioned as an Amazon rival, in 2016 for $3.3 billion and…

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