Walmart Just Proved It’s Immune To The Retail Apocalypse

Walmart is crushing expectations while dozens of other retailers are closing stores and filing for bankruptcy at rates not seen since the recession. Walmart on Thursday reported that e-commerce sales soared by 63 percent in its most recent quarter, compared with 29% growth the prior quarter. The company said most of these sales were organic through Walmart.com. Walmart’s $3 billion acquisition of the online retailer Jet.com also helped the company boost e-commerce sales. But Walmart’s growth isn’t all online. Read more at Business Insider.