"The purchase, and a shuffling in the executive ranks that comes with it, are Walmart’s clearest acknowledgments yet that its online strategy is not working. It also sends a strong message to the rest of the consumer and retail industry: When it comes to competing against Amazon, not even the mightiest brick-and-mortar stores can go at it alone.Walmart Rewrites Its E-Commerce Strategy With $3.3 Billion Deal for Jet.com - The New York Times
“The other retailers are going to be looking up to it and saying, ‘You know, absolutely, we’ve been failing at doing this,’” said Jharonne Martis, a retail analyst at Thomson Reuters. “Bringing in an expert might be the key to it.”"
Tuesday, August 09, 2016
Walmart Rewrites Its E-Commerce Strategy With $3.3 Billion Deal for Jet.com - The New York Times
Also see Walmart’s $3 Billion Jet.com Buy Still Leaves It Way Behind (Wired)