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  • Wal-Mart acquires Jet.com for $3.3 billion

    / E-Retailers

    Wal-Mart acquires Jet.com for $3.3 billion

    Some industry experts are skeptical that adding Jet will help Wal-Mart as it battles Amazon. Jet says its sales have reached an annual run rate of $1 billion. As part of the deal, Jet co-founder and CEO Marc Lore will take over as president and CEO of Wal-Mart e-commerce at the end of the current fiscal year.

    Posted 08/08/2016Matt LindnerPost a comment

    Some industry experts are skeptical that adding Jet will help Wal-Mart as it battles Amazon. Jet says its sales have reached an annual run rate of $1 billion. As part of the deal, Jet co-founder and CEO Marc Lore will take over as president and CEO of Wal-Mart e-commerce at the end of the current…

    Related Content:Matt Lindner

  • Marc Lore will lead Wal-Mart’s e-commerce efforts

    / E-Retailers

    Marc Lore will lead Wal-Mart’s e-commerce efforts

    Wal-Mart’s global president and CEO of e-commerce, Neil Ashe, will leave the retail chain at the end of the current fiscal year.

    Posted 08/08/2016Matt LindnerPost a comment

    Wal-Mart’s global president and CEO of e-commerce, Neil Ashe, will leave the retail chain at the end of the current fiscal year.

    Related Content:Marc Lore

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