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 ...

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 ...

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 ...

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 ...

(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 ...