Jet, through its parent Walmart, has acquired ShoeBuy from IAC for approximately $70 million. This acquisition closed on December 30, 2016. Below are some key facts about the deal. Who is ShoeBuy? ShoeBuy is a leading online footwear, clothing and Read more
Walmart is exploring offering a fulfillment program for third-party merchants on its marketplace, according to Internet Retailer. An executive made the revelation at the Shop.org conference in Dallas on Tuesday. NOTE: See update below. Tri Huynh, director of business development for Read more
At its 2016 Investment Community Meeting today, Wal-Mart Stores will outline the company’s strategic framework to grow by serving customers across all channels, creating a seamless shopping experience. The company is also sharing select guidance information along with its capital Read more
As Walmart opens up its Marketplace to increasing numbers of third-party merchants, more ecommerce service providers have been announcing support for the channel. For example, multi-channel shipping solution ShipRush and distributed commerce network CommerceHub have both recently announced their integrations with the retail giant’s Read more
Only 6% of consumers have made a purchase using Jet.com in the past year, according to data from Episerver. So why did Walmart just pay $3.3 billion for the ecommerce company that launched last year? According to Bloomberg, it’s all about Read more
One year ago, Jet.com launched with much fanfare as an ecommerce website that could pose a threat to Amazon. Now the Wall Street Journal is reporting the company is in talks to sell itself to Walmart after facing significant challenges. Jet was Read more
Walmart hosted 450 business owners at its company headquarters as part of its “Made in the USA” initiative as it looks to stock shelves with products made in the US. The company told attendees that it was telling the “Made Read more
All attention is focused on the upcoming Amazon Prime Day shopping event, but it appears Walmart has a few surprises up its sleeve so as not to be outdone. “As we celebrate Independence Day and the weeks that follow, we Read more
Seth Beal is charged with making a success of Walmart’s third-party merchant marketplace. We sat down with Seth at the Internet Retailer conference in Chicago last week to learn more about the program, which, as the company announced in April, Read more
Walmart launched a new payment method designed to make paying for items in Walmart stores easier. Customers in Arkansas and Texas can now use their smartphones to pay at checkout. The retailer explained the new feature: “Walmart Pay is like Read more
