Retail Dive8y
Will Walmart become world’s largest omnichannel retailer with Jet.com deal?
Walmart’s decision to revamp its ecommerce model, which has experienced fledgling sales in the past year, has resulted in the brand purchasing Jet.com for approximately $3.3 billion.
Business Insider8y
Walmart's Jet.com has a culture of transparency
An curved arrow pointing right. Walmart is buying Jet.com in the largest e-commerce acquisition in history. We interviewed Jet.com CEO and cofounder Marc Lore in October 2015. During the interview ...
Business Insider India5y
Walmart's $3.3 billion acquisition of Jet.com is still the foundation on which all of its e-commerce dreams are built
Walmart shocked the world when it bought hot e-commerce startup Jet.com in a $3.3 billion deal in 2016. CEO Doug McMillon hailed it as a new era for Walmart. "Together, both Jet.com and Walmart ...
Business Insider India4y
Walmart is shutting down Jet.com 4 years after buying the company for $3.3 billion
Walmart said Tuesday that it plans to shut down Jet.com, the e-commerce site it acquired in 2016 for $3.3 billion. "Due to continued strength of the Walmart.com brand, the company will discontinue ...
Business Insider4y
Walmart's e-commerce head successfully sold 3 startups including Quidsi and Jet.com. He explains what big companies that acquire startups get wrong.
One of the executives leading it was Marc Lore, the president and CEO of Walmart's e-commerce division, who began working at the retail giant when it acquired e-commerce startup Jet.com in 2016.