The In-Between Game

Walmart's Jet.com Aquisition: Marc Lore Indiana Jonesed His Way to $3.3 Billion


Listen Later

If you read most articles on Walmart's acquisition of Jet.com for $3.3 billion, you're led to believe that the retail giant came away with a win out of their deal with Marc Lore and company. After all, Walmart.com's sales growth has grown significantly since the deal was made. But when you closely examine the details and circumstances surrounding the deal and Lore's tenure as CEO of Walmart US Ecommerce, the deal looks horrible.

Sources:
Walmart Agrees to Acquire Jet.com, One of the Fastest Growing e-Commerce Companies in the U.S.
https://corporate.walmart.com/news/20...
Walmart CEO Doug McMillon: Jet.com acquisition was worthwhile
Walmart CEO Doug McMillon: Jet.com ac...  
With Marc Lore, Walmart went from a nascent to aggressive e-commerce player
https://www.modernretail.co/retailers...
Inside the conflict at Walmart that’s threatening its high-stakes race with Amazon
https://www.vox.com/recode/2019/7/3/1...
Walmart's Acquisition of Jet: The Winners and Losers
https://digiday.com/marketing/walmart...
Wal-Mart buys Jet for record-breaking $3b
https://www.retaildive.com/news/wal-m...
Walmart regrets everything it ever purchased
https://www.retaildive.com/news/skud-...
Jet.com: The $3B Hair Plugs
Jet.com: The $3B Hair Plugs
Walmart Rewrites Its E-Commerce Strategy With $3.3 Billion Deal for Jet.com
https://www.nytimes.com/2016/08/09/bu...
Will Jet.com's 'Smart Cart' Disrupt eCommerce?
https://www.forbes.com/sites/joeharpa...
Why Walmart's Recent Acquisition Of Art.com Is Puzzling
https://www.forbes.com/sites/walterlo...
Walmart shuts down its experimental personal shopping service, Jet black
https://techcrunch.com/2020/02/13/wal...
Walmart keeps selling, as retail M&A picks up
https://www.axios.com/2023/04/24/walm...
Walmart Merges Jet.com Into Its Ecommerce Business, President Moves On
https://multichannelmerchant.com/ecom...
Walmart sells intimates site Bare Necessities to Israeli company
https://www.bizjournals.com/bizwomen/...
Wiki Jet.com
https://en.wikipedia.org/wiki/Jet.com
Art.com Fact Sheet
https://web.archive.org/web/202104181...
‘Not a core competency:’ Why Moosejaw no longer fits in Walmart’s portfolio
https://www.modernretail.co/operation...#Business #Acquisitions #Ecommerce

...more
View all episodesView all episodes
Download on the App Store

The In-Between GameBy Kris Rivenburgh