Walmart Folding Into

Walmart has called “time’s up” on roughly three years since acquiring the e-commerce startup and the service founder Marc Lore for $3.3 billion. Walmart has tried to figure out the best play for and last year said the business would focus on densely populated urban markets like New York City and San Francisco.

The Bentonville-based retailer moved Wednesday to begin integrating the two businesses into one. will continue to operate, but will be managed by The direction of will likely change as CEO Simon Belsham is exiting the company in early August. The Jet team will report to Kieran Shanahan, who will continue to oversee the Food, Consumables and Health and Wellness Categories for Walmart eCommerce.      MORE

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