Lost in the wake of Walmart’s blowout quarter (e-commerce sales up 74% and same store sales climbed nearly 10%) is the news that they are officially shutting down Jet.com. The news itself is not ...

Nearly four years after it acquired the company for $3 billion, Walmart is shutting down Jet.com. The retailer quietly announced the move, which was spotted by TechCrunch, in its first-quarter 2020 ...

Nearly three years after acquiring Jet.com for $3.3 billion and integrating its “smart cart” technology and supply chain teams, Walmart will officially fold the rest of Jet.com’s teams — including ...

Four years after purchasing Jet.com for more than $3 billion, Walmart Inc. has made the decision to shutter the e-commerce business. The big-box chain quietly announced in its first-quarter report ...

NEW YORK (AP) — Walmart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon.

(RTTNews) - Retail giant Walmart Inc. is discontinuing online grocery store Jet.com, which was bought in 2016 for $3.3 billion, citing continued strength of the Walmart.com brand. In its first-quarter ...

Amid rapid progress in its omnichannel transformation, Walmart plans to fold Jet.com into its core e-commerce operations and reposition the business. Jet co-founder Marc Lore, president and CEO of ...

Three years after it was founded and two years after Walmart bought it for $3.3 billion, Jet.com is getting a major facelift. It plans to focus squarely on markets that Walmart hasn't been able to ...

Last year, Walmart acquired menswear site Bonobos for $310 million in cash. Now the retailer is adding the brand to a Walmart-owned website. A few days ago, Walmart opened an online shop for Bonobos ...

Jet.com was supposed to give Amazon a run for its money. It's still going to do that, but with Walmart's backing. Walmart has acquired ecommerce startup Jet.com for $3 billion in a combination that ...

Walmart has brought on Tesco veteran, Simon Belsham, to serve as president of its e-commerce business, Jet.com, acquired for $3 billion in 2016 to help the company better combat the Amazon threat.

Walmart bought Jet.com two years ago to draw younger and wealthier shoppers in big cities. Now, Walmart is positioning Jet as a home for the premium brands it could never offer. Over the past week, ...