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Wal-Mart is in talks to buy online discount retailer Jet.com, according to people familiar with the matter, in what would mark a disappointing end for one of the most ambitious challengers to Amazon.
When Amazon, the Goliath of the category, held a massive Prime Day sale, Wal-Mart hit back with a rival event. Meanwhile, the well-funded startup Jet launched in July, attracting big buzz with its ...
Jet plans to start selling apparel from niche online sellers that Wal-Mart has acquired over the past year, according to people familiar with the matter.
Wal-Mart is reportedly in talks to acquire the discount e-commerce start-up Jet.com in an effort to ramp up its struggling online retailing business and compete with Amazon.com.
Wal-Mart's blockbuster deal for upstart Jet heralds a new chapter in the retail goliath's war on Amazon's online dominance. Critics question whether Wal-Mart will keep making the same old mistakes.
Wal-Mart is buying fast-growing online retailer Jet.com for $3 billion in cash plus $300 million in stock, scooping up a newcomer that launched a year ago with the intention of challenging Amazon.
Wal-Mart’s online sales, meanwhile, rose only 30% over the same time period, excluding the holidays. Jet’s escalating online presence was just one reason Wal-Mart purchased the startup.
Snatching up Jet.com for $3.3 billion will alleviate multiple headaches that have stunted Wal-Mart's digital growth, the company says.
Wal-Mart Stores announced that it will acquire Jet.com in a $3.3 billion deal through which it aims to sharpen its e-commerce chops to better take on industry giant Amazon, and to attract more ...
New York — Wal-Mart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon.
NEW YORK | Wal-Mart is buying fast-growing online retailer Jet.com for $3 billion in cash plus $300 million in stock, scooping up a newcomer that launched a year ago with the intention of ...
Price : Jet easily won on price. My order at Jet rang up at $31.01. The same order cost $39.82 at Amazon and $41.01 at Wal-Mart. But keep in mind that while I currently have a free trial ...