Category: Walmart
Marc Lore leaves Walmart a little over four years after selling Jet.com for $3B
Marc Lore, the executive vice president, president and CEO of U.S. e-commerce for Walmart, is stepping down a little over four years after selling his e-commerce company Jet.com to the country’s largest retailer for $3 billion. Lore’s tenure at the company was a mixed bag. Walmart instituted several new technology…
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Walmart to pilot test live-streamed video shopping on TikTok
Walmart and TikTok announced this morning they will be partnering on the first pilot test of a new shoppable product experience on TikTok’s social video app. Walmart, as you may recall, had planned to invest in TikTok when the app was being threatened with a ban from the U.S. market…
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Walmart will test driverless delivery trucks in Arkansas next year
In 2019, Walmart started working with a company called Gatik to test autonomous delivery trucks on a two-mile route between a fulfillment center and a store in Bentonville, Arkansas. After those vehicles logged more than 70,000 miles with a human dri… Source
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LabCorp COVID-19 test kit has just been approved for sale over-the-counter
LabCorp has now become the first company to receive approval to sell its COVID-19 test kit over-the-counter without a prescription, according to a statement from the company. One of the largest diagnostics testing companies in the U.S., LabCorp could be a significant competitor to companies like EverlyWell, which received approvals…
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Facebook adds carts to WhatsApp to make shopping easier
WhatsApp said on Tuesday it is adding a new shopping feature to its app as the Facebook -owned instant messaging service looks to court more merchants and invite a larger portion of its 2 billion userbase to shop. The instant messaging platform, where business accounts already process messages from more…
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Walmart is buying JoyRun assets to add ‘peer-to-peer’ product delivery
The last time we wrote about JoyRun, it was raising $10 million. Today, the Bay Area startup has some very different news to share, as it becomes part of Walmart as Walmart has purchased select assets in a bid to enhance its supply chain. The mega-retailer announced today that it…
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