Walmart Stores Inc., and Jet.com announced they have entered into a definitive agreement for Walmart to acquire Jet for $3.3 billion. See what this will mean for both Walmart and Jet.com moving forward as it relates to ecommerce.
At press time, Walmart has yet to acquire Jet.com, as The Wall Street Journal suggested was a $3 billion possibility on August 3. But industry experts say Walmart’s acquisition of Jet.com could be kind of a big deal. Here’s a look into all the possibilities a marriage of Walmart and Jet.com could bring.
Walmart is in talks to buy ecommerce marketplace startup Jet.com, according to an article published August 3 by The Wall Street Journal. And the price tag is not a Rollback deal: According to the article, sourced say Walmart is willing to pay $3 billion. Lets take a look at why Jet.com is a vital piece to Walmart’s ecommerce puzzle.
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L Catterton, a consumer-focused private equity firm, announced that it has acquired Hanna Andersson, a leading premium children’s apparel and lifestyle brand. See what this will mean for Hanna Andersson.
UPS is continuing to push for increased efficiency through hub automation projects and its ORION route optimization system. The company reported Q2 revenue growth of 3.8% to $14.63 billion, with profit up 3.2% to $1.27 billion. Its ecommerce business is on pace to grow faster than expected through the end of the year, officials said, based on strength in U.S. consumer spending.
Oracle has announced that it has entered into a definitive agreement to acquire NetSuite for approximately $9.3 billion. The proposed transaction is expected to close in 2016, and until the transaction closes, Oracle and NetSuite will continue to operate independently.
Multichannel Merchant The News, Commentary & Events that Shaped Commerce This Week week of 7/29/2016 Oracle Buys NetSuite Oracle has announced that it has entered into a definitive agreement to … Continue Reading →
According to Flipkart’s Facebook page, the Indian ecommerce marketplace is “in a relationship” with Jabong. And it’s not complicated: Flipkart-owned Myntra Designs has agreed to buy Rocket Internet-backed online fashion retailer Jabong for $70 million in cash.