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Marc Lore

Walmart ‘moving with speed to win with customer’

BENTONVILLE, Ark. — The growing convergence of its physical and digital assets has put Walmart in the retail sector’s sweet spot, according to company executives. “We have good momentum in the business, we’re executing our strategy and moving with speed to win with the customer, who is more connected than ever and embracing tools that

Walmart, Google teams up on voice-controlled shopping

BENTONVILLE, Ark. — As of this month, Walmart shoppers will have another convenient way to purchase hundreds of thousands of products from the retail giant — via the Google Express e-commerce platform, Google Inc.’s online shopping mall. Both companies announced the partnership last month — a joint venture that could rival Amazon.com Inc.’s position in

Walmart to offer products on Google Express

Walmart to offer products on Google Express

BENTONVILLE, Ark. — Walmart is partnering with Google to give shoppers additional ways to buy its products online. Beginning in late September, hundreds of thousands of Walmart products will be available for purchase via the Google Express e-commerce platform, the companies announced on Wednesday. Besides increasing Walmart’s visibility online, particularly with people who use Google’s

Walmart to streamline way it buys for web site

Walmart to streamline way it buys for web site

NEW YORK — Walmart plans to streamline its buying process so that the same merchants can purchase products for the retailer’s stores and its web site, according to published reports. The move should help Walmart leverage its considerable buying power to make its online offering more compelling to consumers. The new approach will mean that

Report: Walmart reorganizes executive ranks

Report: Walmart reorganizes executive ranks

BENTONVILLE, Ark. — Walmart reportedly is realigning its top management to have several executives oversee both online and in-store operations. Chief marketing officer Tony Rogers will now take on online and digital marketing efforts, including for Jet.com, according to an internal company memo cited by The Wall Street Journal. Jeremy King, head of the WalmartLabs

Walmart wraps up Jet.com acquisition

Walmart wraps up Jet.com acquisition

BENTONVILLE, Ark. — Walmart has finalized its $3.3 billion acquisition of e-tailer Jet.com. The discount store giant said late Monday that with the closing of the deal, which was announced in early August, Jet.com founder and chief executive officer Marc Lore becomes executive vice president at Walmart and president and CEO of Walmart e-commerce in

Walmart to acquire Jet.com in $3.3 billion deal

Walmart to acquire Jet.com in $3.3 billion deal

BENTONVILLE, Ark. — Following recent reports that a deal was in the works, Walmart announced that it’s buying online retailer Jet.com Inc. in a transaction valued at $3.3 billion. Walmart said Wednesday that under the agreement, it will buy Jet for about $3 billion in cash and $300 million in Walmart shares. Some of the