NEW YORK (AP) — Walmart has agreed to buy fast-growing online retail newcomer Jet.com, which had launched with a splash a year ago when it announced its intention to challenge online leader Amazon.

Four years after purchasing Jet.com for more than $3 billion, Walmart Inc. has made the decision to shutter the e-commerce business. The big-box chain quietly announced in its first-quarter report ...

Three years after it was founded and two years after Walmart bought it for $3.3 billion, Jet.com is getting a major facelift. It plans to focus squarely on markets that Walmart hasn't been able to ...

Nearly four years after it acquired the company for $3 billion, Walmart is shutting down Jet.com. The retailer quietly announced the move, which was spotted by TechCrunch, in its first-quarter 2020 ...

Jet.com was supposed to give Amazon a run for its money. It's still going to do that, but with Walmart's backing. Walmart has acquired ecommerce startup Jet.com for $3 billion in a combination that ...

Amid rapid progress in its omnichannel transformation, Walmart plans to fold Jet.com into its core e-commerce operations and reposition the business. Jet co-founder Marc Lore, president and CEO of ...

Walmart will acquire e-commerce start-up Jet.com in a $3 billion cash deal expected to help the world's largest retailer become a powerhouse online shopping destination. While the brands will remain ...

Walmart Stores Inc., and Jet.com announced they have entered into a definitive agreement for Walmart to acquire Jet for $3.3 billion, including $300 million in Walmart shares to be paid over time. The ...

The FINANCIAL — Wal-Mart Stores, Inc. and Jet.com, Inc. on August 8 announced they have entered into a definitive agreement for Walmart to acquire Jet for approximately $3 billion in cash, a portion ...

(RTTNews) - Retail giant Walmart Inc. is discontinuing online grocery store Jet.com, which was bought in 2016 for $3.3 billion, citing continued strength of the Walmart.com brand. In its first-quarter ...

Lost in the wake of Walmart’s blowout quarter (e-commerce sales up 74% and same store sales climbed nearly 10%) is the news that they are officially shutting down Jet.com. The news itself is not ...

Last year, Walmart acquired menswear site Bonobos for $310 million in cash. Now the retailer is adding the brand to a Walmart-owned website. A few days ago, Walmart opened an online shop for Bonobos ...