Marc Lore
Walmart E-Commerce Chief Marc Lore Resigns After Nearly 5 Years
Marc Lore, Walmart's e-commerce chief, is leaving the world's largest retailer, nearly five years after he joined to super charge its online business amid stiffer competition from online leader Amazon. read more >
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Walmart Service to Deliver Groceries Inside Customers’ Homes
Walmart is now offering to have one of its employees deliver fresh groceries and put them in your refrigerator when you're not home. The service, called InHome Delivery, rolls out this fall to 1 million customers in three cities: Pittsburgh, Kansas City, Missouri, and Vero Beach, Florida. read more >
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Walmart Begins Rolling Out Next-Day Shipping
Walmart is rolling out free next-day delivery on its most popular items, increasing the stakes in the retail shipping wars. The retailer says next-day delivery will roll out to 75% of the U.S. population by year-end. read more >
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Walmart, Other Retailers Step Up Personalization on Their Websites
Shoppers will see more personalization based on where they are and what they've bought before on the Walmart website, as the retailer and several other stores try to build stronger connections with shoppers used to the customization of Amazon. read more >
by Lance Turner -
Wal-Mart’s Marc Lore Blows Top Off Exec Compensation List
The word “outlier” was invented to describe things like the top entry on this week’s list of the highest-paid executives employed by public companies in Arkansas. read more >
by Gwen Moritz -
Online Attacks Spur Corporate Cybersecurity Measures to Defend the Wall
Cyberattacks are a constant concern for individuals online, companies that have massive stores of data and governments. read more >
by Marty Cook -
Wal-Mart Adds to Portfolio, Buys Bonobos for $310M
Wal-Mart Stores Inc. of Bentonville announces that it will buy online apparel retailer Bonobos Inc. for $310 million in cash. read more >
by Lance Turner -
Doug McMillon at Annual Meeting: ‘We’re Building A New Wal-Mart’
Wal-Mart Stores Inc. of Bentonville is recreating itself to better serve customers in today's changing world of retail. "We will compete with technology, but we will win with people," CEO Doug McMillon said. read more >
by Marty Cook -
Wal-Mart Works to Close Gap Between Itself and Amazon
Even after an online spending spree, it may be hard for Wal-Mart to escape the Amazon in the room. Amazon keeps innovating too, implementing new technology and trying to make shopping more convenient. read more >
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Wal-Mart Seeks Online Fashion Presence Through Acquisitions
Wal-Mart's bid for Bonobos is the latest step in the company's attempt to recover lost ground against Amazon and others in the growing online fashion world, analysts say. read more >
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Recode: Wal-Mart in Advanced Talks to Buy Bonobos
Wal-Mart Stores Inc. is in advanced discussions to buy online men’s fashion retailer Bonobos Inc., Recode reported on Friday, citing sources. read more >
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Wal-Mart to Discount Online-Only Items Delivered to Stores
Starting next week, Wal-Mart will offer discounts on thousands of online-only items when customers elect to have them shipped to one of the company's stores for pickup. read more >
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Wal-Mart Launches Incubator Lab to House Startups
Wal-Mart is launching an incubator lab focused on projects in robotics, virtual and augmented reality, and artificial intelligence as it aims to compete more aggressively with Amazon. read more >
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In E-Commerce Push, Wal-Mart Launches Investor Arm, Store No. 8
Wal-Mart Stores Inc. will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs. The plan is being spearheaded by Marc Lore, Wal-Mart's e-commerce chief, who joined company from Jet.com, which it acquired for more than $3 billion in August. read more >
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Sources: Wal-Mart to Combine Buys for Online, In-Store Inventory
Wal-Mart Stores Inc. will combine its own buying for products sold at its stores with purchases it makes for its website — a significant move to stamp out duplicate efforts as it fights Amazon. read more >
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Wal-Mart Completes $3B-Plus Purchase of Jet.com
Wal-Mart completes its deal to buy fast-growing Jet.com for $3 billion in cash plus $300 million in stock, an acquisition aimed at helping the world's largest retailer attract younger and more affluent customers to drive online sales. read more >
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Will Jet.com Boost Wal-Mart’s E-commerce?
Retail watchers have mixed feelings about whether Wal-Mart Stores’ $3.3 billion purchase of Jet.com of Hoboken, New Jersey, will be the spark the Bentonville retailer needs to boost its online sales. read more >
by Mark Friedman -