Jet.com is folding, but Doug McMillon believes that Walmart was correct in acquiring the e-commerce company:
“The acquisition was also meant to give Walmart access to Jet’s affluent, urban customers and high-end brands. But over time, the Walmart brand evolved to attract those customers on its own, McMillon said.”
P.S. Walmart has made huge investments that are now paying off. If you are trying to navigate the “new” Walmart, know that 8th & Walton’s experts can help. Book a consultation today.