Walmart Buys Jet For $3 Billion, Hopes To Turbo Charge Ecommerce (venturebeat.com)

Posted by ryuzaki0 on Monday August 8, 2016 @02:00AM from the big-shark,-small-shark dept.

Walmart says it has agreed to acquire online retailer Jet.com for $3 billion in cash. As a promise, Jet.com says it will deliver cheaper prices on a range of goods by encouraging users to buy more items at the same time or to purchase products located in the same distribution center -- thereby cutting collection and shipping costs. ZDNet reports:Overall, it's clear that Wal-Mart has Amazon envy and needs to scale its e-commerce operations. The Jet management team has had experience battling Amazon through Quidsi and its brands such as Diapers.com. As for the deal, Wal-Mart said some of the $3 billion for Jet will be paid over time and $300 million of Wal-Mart shares will also be part of the transaction over time.

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Turbo Charge? by luis_a_espinal · 2016-08-08 02:06 · Score: 4, Insightful

Walmart doesn't need to turbo charge its commerce site. It needs to rewrite it? Have you tried searching for something in its online catalog? It's like a trip to Altavista circa 1995.