Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Walmart Says E-Comm Sales Spike 74%, Pulls Plug on Troubled Jet.com

Missed Sourcing Journal’s Virtual Sourcing Summit? It's not too late to view all keynotes and panels from the two days. Watch on demand now.

Walmart’s first-quarter e-commerce sales spiked 74 percent as consumers sheltering in place sought their essentials from the big-box retailer’s online store, prompting the Bentonville, Ark., chain to pull the plug on the jet.com brand for good. In a Nutshell: Walmart acquired the Jet business, positioned as an Amazon rival, in 2016 for $3.3 billion and…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!