thrwywmt

4 ms·

1. 1.▲
   by thrwywmt 6y ago

   RE: eCommerce unprofitable comment At a crude level: To compete with Amazon means running eCommerce at a loss just like Amazon do. AWS subsidizes Amazon eCommerce, brick-and-mortar subsidizes Walmart eCommerce. It is more nuanced than that
2. 2.▲
   by thrwywmt 6y ago

   Mostly the other way around. Walmart's logistics gets products to consumers a lot cheaper than Jet's did.
3. 3.▲
   by thrwywmt 6y ago

   Walmart bought Jet for two reasons (1) Walmart's Global eCommerce big re-write was an expensive mess. About a billion over budget and two three years behind timeline promises. There was leadership churn and they needed a new CEO of tha