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Jun 14, 2017  

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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 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, 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. The acquisitions are helping us speed some things up. E-commerce sales growth at Walmart U.S. was 63%, the company reported, with the majority organic through

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No further details of the call were immediately available. Referring to Tillerson's comments on the blockade, Turkish President Tayyip Erdogan said in a speech at a Ramadan fast-breaking dinner in Istanbul on Friday: "I say it should be lifted completely". Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt severed relations with Qatar on Monday, accusing it of supporting Islamist militants and their adversary Iran - allegations Qatar says are baseless. Several countries followed suit. Erdogan vowed to keep supporting Qatar after his rapid approval of legislation on deploying Turkish troops there. On Saturday, he told Bahrain's foreign minister that the dispute should be resolved by the end of the holy month of Ramadan. Erdogan on Thursday also approved an accord between Turkey and Qatar on military training cooperation. Both bills were drawn up before the dispute between Qatar and others erupted. Turkey has also pledged to provide food and water supplies to Qatar. Turkey has maintained good relations with Qatar as well as several of its Gulf Arab neighbors.