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Wal-Mart Makes Strategic Move to Acquire Jet

Image via Flickr JeepersMedia
Wal-Mart is a retail giant with more brick-and-mortar locations in the U.S. than any other brand. The company boasts "everyday low prices" and appeals to consumers looking to save money on groceries and household items. However, Wal-Mart's online sales are not as high as the company desires. In August 2016, Wal-Mart announced that it will acquire Jet.com for $3 billion as a strategic move to boost online sales. Check out what Wal-Mart stands to gain from this acquisition.


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