Walmart announced that Jet.com president Simon Belsham is expected to step down in August and that the company is merging Jet.com business into its Walmart.com ecommerce operations.
The recent acquisition of Jet.com by Walmart for $3.3 billion will give the retail giant advantages like a more robust ecommerce platform, a stronger digital brain trust and an expanded online catalog, but it won’t appreciably close the wide gap between Walmart and Amazon. See what else ChannelReply CEO Michael Dash had to say about the deal and what it does for Walmart.