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Wal-Mart's online sales, customer visits rise; shares hit 52-week high

Reuters  |  CHICAGO 

By Nandita BoseCHICAGO (Reuters) - Wal-Mart Stores Inc on Thursday reported higher-than-expected quarterly sales at established U.S. stores, as a huge investment to bring more customers into the discount retailer paid off and a bigger push into e-commerce boosted online purchases, sending its shares to a 52-week high.Wal-Mart and analysts said the company is benefiting from a $2.7 billion investment to increase entry-level wages and enhance the training of its workforce, which has led to better stocked shelves and cleaner stores. It said store visits rose 1.5 percent, the tenth consecutive ...

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First Published: Thu, May 18 2017. 20:01 IST
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