Walmart says it will discontinue Jet, which it acquired for $3B in 2016

So much for Walmart’s big and expensive effort to take on Amazon with a digitally-native brand. Amid the coronavirus crisis and its impact on the retail industry, today the retail giant quietly¬†announced in its quarterly report that it would be discontinuing Jet.com, the online-only marketplace that it acquired when it was just over one year … Continue reading Walmart says it will discontinue Jet, which it acquired for $3B in 2016