Walmart's Online Sales Soar As It Seeks To Catch Amazon

NEW YORK  — Walmart's recent spending spree to try to catch up to Amazon seems to be paying off.

The world's largest retailer said Thursday that online sales soared 60 percent in the past three months as people shopped more at Walmart.com, Jet.com and its other websites.

Walmart had paid more than $3 billion for Jet last year, and since then picked up smaller players including ModCloth and Moosejaw. It is also expanding online grocery ordering to more stores, and is adding giant automated kiosks to 100 locations so customers can pick up online orders without waiting for employees to fetch them.

Other traditional retailers are seeing online gains, too: Walmart's report came a day after Target said its online sales jumped 32 percent in its most recent quarter.

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