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Tuesday, June 18, 2019

Wal-Mart Overhauls Jet Management

An indication of less attention to direct online ordering?

Walmart in big overhaul of Jet.com  In ChainStoreAge    By CSA STAFF

Walmart is making some big changes at the online retail startup it bought for $3.3 billion in 2016.

The discount giant is merging Jet.com’s retail, technology, marketing, analytics and products teams into the rest of its digital business. The role of president of Jet will be eliminated, and Simon Belsham, who currently holds the title, will leave the company in early August. Walmart announced the changes in a blog post.

“Bringing together talent from Jet and Walmart into joint teams has created more opportunity for our business and our people,” said Marc Lore, founder of Jet.com and president and CEO of Walmart eCommerce U.S. “With the teams creating synergy and Jet becoming even more focused, we don’t have the same need for a dedicated leader.”

Moving forward, Jet’s team leaders will report to Kieran Shanahan, who oversees Walmart’s online food, consumables and health-and-wellness categories. Jet will continue to operate as a standalone site.  ... "

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