BENTONVILLE, Ark. — Marc Lore, who helped spearhead Walmart’s transformation into an omnichannel retailer, is leaving the company on January 31. He will continue to serve Walmart as a strategic advisor until September, the company said. In a company email, Walmart president and chief executive officer Doug McMillon credited Lore with helping accelerate Walmart’s e-commerce
BENTONVILLE, Ark. — Marc Lore, who helped spearhead Walmart’s ongoing transformation into a truly omnichannel retailer, is leaving the company on January 31. He will continue on as a strategic advisor until September, the company said. His departure comes as Walmart continues to face off with Amazon and a host of other retailers, including Target
FAYETTEVILLE, Ark. — Walmart wrapped up its annual shareholders’ week activities on Friday with a celebration of the company’s associates as “extraordinary people doing extraordinary things.” Brett Biggs, executive vice president and chief financial officer, credited Walmart’s 2.2 million associates worldwide with helping fulfill founder Sam Walton’s vision for Walmart as a merchant serving the
BENTONVILLE, Ark. — Walmart plans to roll out a redesigned website that makes it easier for shoppers to reorder items, monitor the status of current orders, discover products that are trending locally and learn about services available at nearby stores. The upgraded website is personalized based on a user’s local Walmart store. Shoppers can expect
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
BENTONVILLE, Ark. — Walmart is partnering with Google to give shoppers additional ways to buy its products online. Beginning in late September, hundreds of thousands of Walmart products will be available for purchase via the Google Express e-commerce platform, the companies announced on Wednesday. Besides increasing Walmart’s visibility online, particularly with people who use Google’s
Jet.com has a knack for shaking things up. The upstart e-commerce company, which was launched by a group headed by Marc Lore in July 2015 and a little over a year later sold to Walmart for $3.3 billion, is making its first foray into brick-and-mortar retailing, and, true to form, it is doing so in
SAN BRUNO, Calif. — Walmart customers in the U.S. can now get free two-day shipping on their Walmart.com purchases, without a membership fee. The new free shipping option, which is seen as sharpening its competition with Amazon.com Inc.’s popular Amazon Prime service, replaces Walmart’s previous Shipping Pass two-day shipping program, which required shoppers to pay
BENTONVILLE, Ark. — Following recent reports that a deal was in the works, Walmart announced that it’s acquiring online retailer Jet.com Inc. in a transaction valued at $3.3 billion. Walmart said Wednesday that under the agreement, it will buy Jet for about $3 billion in cash and $300 million in Walmart shares. Some of the