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Making Sense Of Walmart's Decision To Close Jet.com: 'Mission Accomplished'
Thursday, May 21, 2020 - 4:28pm | 659Read More...Retail giant Walmart Inc (NYSE: WMT) disclosed this week in its first-quarter report that it is closing Jet.com, the e-commerce company it bought in 2016 for $3.3 billion. The timing and rationale of the decision created some confusion among investors. Benzinga reached out to Robert McGovern, CEO...
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Walmart Pulls The Plug On Jet.com 'City Grocery Experience'
Monday, November 25, 2019 - 10:55am | 344Read More...Walmart Inc (NYSE: WMT) put an end to its "city grocery experience" delivery initiative in New York City, which delivered groceries to customers in as little as three hours. Bloomberg first reported Friday that Walmart could axe up to 300 jobs after shutting down its NYC delivery...
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Why Walmart's Jet.com Is Important For Blue Apron
Monday, October 29, 2018 - 1:54pm | 375Read More...Meal delivery kit provider Blue Apron Holdings Inc (NYSE: APRN) struck an agreement with retail giant Walmart Inc (NYSE: WMT) to sell its products online. What Happened Blue Apron's meal kits will be available for purchase in selection regions as of Monday on Walmart's Jet.com platform, the...
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Will Jet Hurt Amazon Or Costco?
Sunday, August 9, 2015 - 5:55pm | 666Read More...A few days ago, Marc Lore, founder and former CEO of Quidsi (owner of famed website Diapers.com) launched a new e-commerce website Jet.com. The site guarantees its subscribers access to the lowest prices across approximately 10 million items. After meeting with Lore, Morgan Stanley analysts...
