Wal-Mart Proves Us Wrong With the Help of Jet.com and Marc Lore

When Wal-Mart (NYSE: WMT) announced its $3.3 billion acquisition of Jet.com in Aug. 2016, Vincent Shen and Motley Fool contributor Daniel Kline took a skeptical view of the deal on Industry Focus. Did a young, unprofitable e-commerce start-up really deserve a multi-billion dollar price tag?

One year later, the cast is looking back on that discussion and acknowledging how important the deal has been for the retail giant. In this video, they discuss how a total change in mindset has helped Wal-Mart move toward a successful omnichannel strategy far faster than many expected.

A full transcript follows the video.

Source: Fool.com