Jet.com Archive

What this month’s Jet.com sale means for the future of retail

One in ten retail sales in the United States –- a projected $373 billion in 2016 -– happens online. Forrester predicts total U.S. online retail will grow to $500 billion by 2020. That number will only continue to increase globally as more businesses take core operations to the web. Retailers grasp the web-focused future of the industry, but the sale of Jet.com to Walmart earlier …

The next $1 billion startup acquirer won’t be a tech company

Acquisitions starting with a “B” are not uncommon in the tech industry in Silicon Valley. Roughly two to four billion-dollar deals have gone down each quarter (on average) over the last few years. The recent purchases of Cruise Automation by GM and Dollar Shave Club by Unilever turned heads for another reason: The buyers were as non-techie as you can get. The Renaissance Center in Detroit  — …

Bits & Bytes | Walmart Buys Jet.com, African E-Commerce Startups

“Meet Walmart’s $3.3 Billion Employee” (Bloomberg)“The world’s biggest retailer announced on Monday it was buying upstart online retailer Jet.com for $3 billion in cash, plus $300 million in stock over five years — topping QVC’s $2.4 billion purchase of Zulilly.com last year as the largest-ever acquisition of an e-commerce company.” “The Web Startups Looking to Cash in on 1 Billion African Consumers” (The Guardian)“The continent’s …

Wal-Mart to Buy Jet.com to Compete with Amazon

BENTONVILLE, United States — Wal-Mart Stores Inc said on Monday it would buy online retailer Jet.com for about $3 billion (£2.30 billion), the largest-ever deal for an e-commerce startup, as it races to build a Web business to better compete with Amazon.com Inc . Wal-Mart’s online business has struggled, posting its slowest growth in a year in the latest quarter, and the Jet deal reflected …