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Walmart.com top online grocer for fresh, Jet.com for packaged

July 19, 2017 |by indiafood forum | Comments Off on Walmart.com top online grocer for fresh, Jet.com for packaged | FOOD & GROCERY | , ,

Walmart.com is the most preferred online retailer for buying fresh foods, while Jet.com takes top spot for packaged groceries, according to a new report from Field Agent, a market research firm based in Fayetteville, Ark….READ MORE

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Walmart’s tortoise-like digital pace may pay off

December 30, 2016 |by indiafood forum | Comments Off on Walmart’s tortoise-like digital pace may pay off | FOOD & GROCERY | , ,

Walmart Stores’ tortoise-like digital pace may yet pay off. The $218 billion retailer is making some strides with its e-commerce efforts as sales increase. August’s $3 bln purchase of Jet.com will accelerate the push to compete with Amazon. Patchy customer service and a brick-and-mortar image are some of the remaining hurdles to the plodding retailer’s online success…READ MORE

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Wal-Mart CEO Doug McMillon on what he saw in Jet.com

August 11, 2016 |by indiafood forum | Comments Off on Wal-Mart CEO Doug McMillon on what he saw in Jet.com | FOOD & GROCERY | , , ,

Wal-Mart’s acquisition of Jet.com was in some ways a return to basics for the world’s largest retailer. “If Wal-Mart were starting today and we were building an e-commerce business some of the things that Jet designed into their approach would have been things we would have thought of and we would have wanted to do, and they’ve just done it from scratch,” Wal-Mart CEO Doug McMillon told CNBC’s “Squawk Box”…READ MORE

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Walmart agrees to acquire Jet.com for $3 billion in cash

August 9, 2016 |by indiafood forum | Comments Off on Walmart agrees to acquire Jet.com for $3 billion in cash | FOOD & GROCERY | , ,

Walmart Stores and Jet.com, today announced they have entered into a definitive agreement for Walmart to acquire Jet for approximately $3 billion in cash, a portion of which will be paid over time…READ MORE

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