Walmart already has a slew of house brands that it sells in stores and on Walmart.com, but rather than try to sell brands like Great Value or Sam’s Choice through its recently acquired Jet.com, the company is coming up with new house brands specifically for Jet that it hopes will appeal to a younger buyer. [More]
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Walmart Adds Men’s Clothing Retailer Bonobos To Its Collection Of Online Businesses
By 6.16.17
When someone says “retailers of upscale men’s fashion,” you probably don’t picture Walmart. Yet the mega-retailer is adding menswear company Bonobos, which started online and now has boutiques in cities and in Nordstrom stores, to its collection of online brands. [More]
6 Things We Learned About Walmart’s Love-Hate Relationship With Online Sales
By 5.4.17
Despite decades of being the biggest name in bricks-and-mortar retail, Walmart has yet to repeat that success online. The company recently went on an e-commerce buying spree — snapping up Jet.com, ModCloth, MooseJaw, ShoeBuy, and possibly Bonobos — but will that be enough to compete with Amazon? [More]
Walmart Looks To Improve Its Wardrobe With Possible Purchase Of Men’s Retailer Bonobos
By 4.17.17
You know that part of every “ugly duckling” movie where the protagonist goes through a head-to-toe makeover in a matter of minutes? That describes the last four months for Walmart, which has revamped its wardrobe with the purchases of ShoeBuy, ModCloth, and even MooseJaw. And it’s apparently not done with apparel, with a possible purchase of online men’s retailer Bonobos in the offing. [More]
Walmart’s Jet.Com Charged Me Sales Tax On Tax-Exempt Items. What Can I Do?
By 3.28.17 — Updated: 5.10.17
We understand that sales taxes can be a nightmare for a retailer trying to sell to everyone everywhere at once. What’s taxed in one state is tax-exempt in another, and then a third state only taxes that product above a certain dollar value. Most major online retailers have figured out this mess, but what do you do when a website charges you tax on an item that you know is exempt? [More]
Beloved Indie Clothing Retailer ModCloth To Become Part Of…Walmart?
By 3.15.17 — Updated: 3.17.17
Many startups dream of being acquired by a deep-pocketed benefactor, but sometimes the brand reputations of the startup and of the new parent company don’t quite match up. For example, what does the quirky online retailer ModCloth have in common with Walmart? According to news reports, what they have in common is that Walmart subsidiary Jet has purchased ModCloth. [More]
Walmart To Pay $1M For Mislabeled “Degradable” Plastic Products
By 2.2.17
When you buy something that says it’s “biodegradable” or “compostable,” you expect it to be just that. But that wasn’t necessarily the case at some California Walmart stores, where the big box retailer has agreed to pay $1 million to resolve claims that it sold misleadingly labeled items. [More]
Walmart’s Jet.com Jumping Into Shoe Game With $70M Purchase Of ShoeBuy
By 1.5.17 — Updated: 3.15.17
Following the $3 billion purchase of Jet.com, Walmart is continuing its bid to boost online sales, this time by targeting customers’ feet with the $70 million purchase of shoe-tailer ShoeBuy. [More]
Walmart May Invest $1B In Flipkart To Fight Amazon Overseas
By 9.28.16
Walmart’s apparent plan to become more like Amazon wasn’t realized when the company launched its $50/year Prime-rival Shipping Pass or after the company snatched up e-commerce site Jet.com for $3.3 billion. But not one to give up, the big box retailer is now reportedly in talks to invest more than $1 billion in fellow Amazon competitor Flipkart. [More]
What Should Walmart Do Now That It’s Landed Jet.com?
By 8.23.16
It’s no secret why Walmart bought Jet.com for $3 billion: the company’s e-commerce know-howo and experienced could be the key to the brick-and-mortar retailer’s plans of catching up with Amazon, finally, after all these years. But now that the honeymoon is over, it’s time to look at how, exactly, this marriage will work. [More]
Winner Of The Jet Signup Contest Spent $18K On Ads, Prize Now Worth Millions
By 8.8.16
Back at the beginning of 2015, before it launched to the public, e-commerce site Jet used a contest to encourage people to refer others to the site. The winner was a Pennsylvania man who spent $18,000 on online ads, recruiting new Jet users through sites like Facebook and Swagbucks. He received 100,000 shares in the company, which he couldn’t cash in until the company went public or were sold. Today, the company announced that Walmart acquired it for $3.3 billion. [More]
Walmart Officially Acquiring Jet.com For $3 Billion
By 8.8.16
It looks like last week’s rumor mill was right on the money: this morning, Walmart has officially announced its plan to buy Jet.com. [More]
Report: Walmart In Talks To Buy Jet.com
By 8.3.16
Just a year after it launched, Amazon challenger and fellow e-commerce site Jet.com could soon become the property of one of the largest bricks-and-mortar retailers in the world: Walmart. [More]
Jet.com Testing Delivery Of Fresh Groceries To Some Markets
By 5.10.16
A year into the existence of Jet.com, we’re still not really sure whether it’s the future of retail or a doomed wacky scheme. Now, in addition to taking on Amazon in the Everything Store sector, Jet is experimenting with the delivery of fresh groceries. That would mean the company is competing with urban grocery delivery leaders like Peapod and Instacart, but with its own warehouses. [More]
Jet.com Doesn’t Want To Promise Christmas Delivery, Warns Gift-Shoppers
By 12.22.15
The new site Jet was meant to be the e-commerce version of Costco, charging users a $50 annual fee (which they later dropped) in exchange for excellent discounts on a wide variety of merchandise. This is Jet’s first holiday season, and the good news is they have a lot of business. Unfortunately, that means that they can no longer guarantee delivery by Christmas. [More]
Jet.com Decides To Drop $50 Annual Membership Fee
By 10.7.15
Only a few months after it launched — and within the three-month free membership window — Jet.com is changing up how it works: the company is ditching the $50 annual membership fee it had charged shoppers for upfront discounts, and will instead stick with offering smaller discounts on large orders. [More]
Jet.com Opens To The Public Today, Discounts More If You Buy More Stuff And Waive Returns
By 7.21.15
It’s easy to compare Jet, an e-commerce site that held its virtual grand opening today, to Amazon. The startup wants to be compared to and compete with Amazon: its founder’s last venture, Quidsi, sold household goods through the sites diapers.com, soap.com, and wag.com, and ended up acquired by Amazon. [More]
Jet.com Is Either The Future Of Retail Or A Doomed Wacky Scheme
By 5.1.15
This week, a new e-commerce site launched to about 10,000 beta users who signed up for a preview. The easy-to-remember name of this new site is Jet.com, and its goal is to remove some of the inefficiencies of shopping online. Will they succeed? [More]
