Walmart Shuts Down Jet.com – Was it Worth $3.3 Billion? (Updated)
As part of its first-quarter earnings report for 2021, Walmart announced it is shutting down Jet.com, the online marketplace it purchased in 2016 for $3.3…
Walmart to Build Online Mall with Lord & Taylor?
The Wall Street Journal is reporting today that Walmart and Lord & Taylor are in final discussions to sell Lord & Taylor goods on Walmart.com,…
Walmart Buys eCommerce Retailer Bonobos – No One Noticed!
On Friday, Walmart announced they agreed to purchase menswear eCommerce site Bonobos for $310 million in cash. After Jet.com, this is Walmart’s largest purchase of…
Walmart to Buy Fashion Ecommerce Retailer ModCloth
ModCloth, founded in 2002 by Susan and Eric Koger and had raised short of $80M in funding through the years, is being purchased by Walmart subsidiary Jet.com.