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U.S. comparable-store sales -- excluding the impact of fuel prices -- edged up 1.4%, driven by a 1.5% increase in traffic. Fueling these results was a staggering 69% surge in Wal-Mart's e-commerce sales. The retailer moved aggressively in August to acquire fast-growing e-commerce start-up Jet.com for $3.3 billion , and soon after installed Jet co-founder and CEO Marc Lore as head of its U.S. e-commerce business. Since that time, Wal-Mart has scooped up several other online retailers, including ShoeBuy.com, outdoor gear retailer Moosejaw, and women's apparel seller ModCloth. Wal-Mart is also reportedly in talks to buy e-commerce apparel company Bonobos. Yet CEO Doug McMillon says that these acquisitions have only supplemented Wal-Mart's strong organic e-commerce growth: The acquisitions have received a lot of attention but our plan in e-commerce is not to buy our way to success. The majority of our growth is and will be organic.
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