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Jet.com

Walmart comp sales rise 10% in Q1

Walmart comp sales rise 10% in Q1

BENTONVILLE, Ark. — Walmart posted strong sales gains across its businesses in the first quarter, with demand driven by the COVID-19 outbreak. Unprecedented demand for products across multiple categories led to strong top-line results. But certain incremental costs negatively affected operating income, including costs associated with enhanced wages and benefits as well as safety and

Jet.com will be assimilated

BENTONVILLE, Ark. — Just over two years after Walmart acquired Jet.com, the retailer is now taking steps to more fully integrate the e-commerce platform into its own business. As part of the planned changes, Simon Belsham’s role as Jet president will be eliminated, and Jet team leaders will now report to Kieran Shanahan, who has

Belsham picked to lead Jet.com

BENTONVILLE, Ark. — Wal­mart’s Jet.com has named Tesco PLC veteran Simon Belsham president. Belsham will oversee all operations, including the unit’s online grocery and general merchandise business. “With Jet Grocery being an integral part of the strategy, Simon brings incredible experience in scaling grocery delivery and his unique background in converging technology and retail to

Tesco vet Belsham to lead Walmart’s Jet.com

Tesco vet Belsham to lead Walmart’s Jet.com

BENTONVILLE, Ark. — Walmart has tapped Tesco PLC veteran Simon Belsham to serve as president of Jet.com, effective immediately. Belsham will oversee all operations, including the unit’s online grocery and general merchandise business, Marc Lore, president and chief executive officer of Walmart eCommerce U.S., said in a memo to employees. “With Jet Grocery being an

Nielsen strengthens relationship with Walmart

Nielsen strengthens relationship with Walmart

NEW YORK — Nielsen announced Thursday that it had been named Walmart’s preferred provider of point-of-sale data, and was expanding its partnership with the giant retailer. Nielsen chief executive officer Mitch Barns shared details of the arrangement during the the company’s Investors Day conference. According to Barns, Nielsen and Walmart are teaming up to create

Uniquely J brand launched by Walmart’s Jet.com

Uniquely J brand launched by Walmart’s Jet.com

HOBOKEN, N.J. — Walmart’s Jet.com online retail unit has unveiled a new consumer essentials brand called Uniquely J. More than 50 SKUs are now available for Uniquely J, spanning such categories as coffee, condiments, cleaning, laundry, pantry, paper and food storage. Jet.com said more items will be added to the brand in the coming months

Walmart acquires delivery company Parcel

Walmart acquires delivery company Parcel

BENTONVILLE, Ark. —Walmart has acquired Parcel, a company specializing in same-day delivery of perishable and non-perishable goods to customers in New York City. “Delivery is increasingly one of the most important elements for today’s online shoppers, as demands for speed, flexibility, and reliability continue to grow,” Nate Faust, senior vice president, Walmart U.S. e-commerce supply

Walmart said to be close to buying Bonobos

Walmart said to be close to buying Bonobos

BENTONVILLE, Ark. — Walmart is reportedly close to making a deal that would put men’s apparel retailer Bonobos Inc. under the umbrella of its Jet.com e-commerce unit. The negotiations were reported by technology website Recode, which cited unnamed sources with knowledge of the matter. Bonobos, based in New York, sells men’s suits, dress shirts, outerwear,

Walmart to streamline way it buys for web site

Walmart to streamline way it buys for web site

NEW YORK — Walmart plans to streamline its buying process so that the same merchants can purchase products for the retailer’s stores and its web site, according to published reports. The move should help Walmart leverage its considerable buying power to make its online offering more compelling to consumers. The new approach will mean that

Walmart gets serious about e-commerce

Walmart gets serious about e-commerce

Walmart’s decision to acquire Jet.com speaks volumes about how the leadership team at the world’s largest retailer sees the impact of e-commerce on the consumer goods market, the company’s future role within the sector, and the transformation of the corporate culture created by Sam Walton more than half a century ago to ensure that Walmart