Walmart quietly announced that it’s shutting down Jet.com, after buying it with much fanfare in 2016.
Tag: Walmart
Amazon’s 2017 US online sales beat its rivals combined
Amazon dominates online sales, but to what degree do they do so? To a very lopsided degree, based on recent revenue figures.
Walmart buys Jet.com for $3 billion
In online commerce news, big box store giant Walmart is planning to buy the online retail startup Jet.com for $3 billion. Jet.com started last year as a would-be competitor to online giant Amazon. It featured a pricing model based on how much stuff one buys, as well as free two-day shipping.
Below is an infographic showing how much revenue various major US retailers brought in in 2015.
