Categories: Headlines

Walmart to Shutter Jet.com

Bentonville, Ark.-based Walmart will shut down Jet.com, the e-commerce site it purchased just four years ago for $3 billion, reports The Verge. The decision is reportedly due to the “continued strength of the Walmart.com brand,” according to a first quarter earnings call.

Walmart’s e-commerce business this year is up 74 percent compared to first quarter 2019 thanks to increased demand for grocery delivery and pickup during the pandemic.

VMSD Staff

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