Where Will Walmart Be in 10 Years?
Walmart (NYSE: WMT) was at a crossroads in 2016. It had fallen well behind Amazon (NASDAQ: AMZN) in the online space, and the retail giant had to decide whether it wanted to truly compete.
Would it focus on being the best possible brick-and-mortar chain, or would it make the steep investments needed to be an omni-channel player? It made its decision very clear when it spent $3.3 billion buying Jet.com and putting its CEO, Marc Lore in charge of its U.S. digital operations.
You can argue that the Jet.com purchase was a mistake. That service has been scaled back, but Lore has pushed Walmart into making major changes. The company stopped charging for delivery on orders over $35, and it re-engineered its supply chain to support that.
Source Fool.com
