It is buying Jet for an eye-popping US$3.3b; the year-old online bulk retailer's founder Marc Lore is seen as one of the few execs who can help put a dent in Amazon's edge
Wed, Aug 10, 2016 - 5:50 AM
Connecting with Walmart could help Jet.com amplify its business without the stress of private fund-raising in a market that has become more challenging for unprofitable companies.
TRADITIONAL retailers have spent more than a decade and billions of dollars trying to transform their brick-and-mortar businesses for the online shopper. Yet Amazon and other digital upstarts continue to lap them.
Now Walmart, the world's largest retailer and the dominant...