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Walmart says it will discontinue Jet
11–20 of 333 posts
Re: Walmart says it will discontinue Jet
#12I remember when Jet launched, it had a somewhat mysterious marketing campaign and a referral system that made it seem like it was going to be life changing. Once I got access I never ended up actually ordering anything.
The only thing I found mysterious was how much money they were spending on purple ink. Other than that, it seemed like a burn VC funds to gain market share. There were people getting deliveries in Amazon and Walmart boxes after having ordered on Jet.
Re: Walmart says it will discontinue Jet
#13I know it is a simple way to look at it, but Walmart on whole has been a game changer when it came to handling the lockdown. Where Amazon was taking weeks to get "non-critical" items shipped, Walmart had on average a 3 day wait for drive up pick up. They've introduced a yearly fee for delivery and we signed up. It's been top notch. In my area, they outsource the delivery to doordash. Order, pick a time for delivery a…
Different market and in the UK but there are no big supermarkets that currently deliver to non- vulnerable households. I ordered vegetables directly from the restaurant suppliers that had no more customers.
In the Uk Amazon had this policy too but in reality most non essential/but useful items were sent to me in less than a week.
Of course most of the very useful items were not in stock at all the first few weeks, and some still aren’t.
Edit: good lessons in not depending on one supply route and as a result I will buy my fresh food from smaller companies from now on.
Re: Walmart says it will discontinue Jet
#14FWIW, one could argue that Walmart didn’t pay $3B for Jet; they paid $3B for Marc Lore, which might still prove to have been a decent buy.
Exactly this. Additionally, he HATES Amazon after what happened with his previous start-up diapers.com. Jet was another at bat against Amazon. Wal-Mart wanted his expertise and his drive to make them a true competitor to Amazon in the online space. It seems like it is working. The biggest problem is probably that the rest of Wal-Mart is not super agile and changes aren't going as fast as desired.
Re: Walmart says it will discontinue Jet
#15I know it is a simple way to look at it, but Walmart on whole has been a game changer when it came to handling the lockdown. Where Amazon was taking weeks to get "non-critical" items shipped, Walmart had on average a 3 day wait for drive up pick up. They've introduced a yearly fee for delivery and we signed up. It's been top notch. In my area, they outsource the delivery to doordash. Order, pick a time for delivery a…
I was thinking about this as well, I think it has to do with Wal-Marts supply chain, distribution centers, and relationships with it's suppliers. I don't know the answer, but does Wal-Mart have more pull then Amazon?
Also, regarding the article, Jet from my memory gave Wal-Mart the infrastructure for online sales, so it's not like they didn't get anything for it. If anything, they are likely playing accounting games and writing off the acquisition, thereby improving their return on investment metrics into the future. When you acquire a company, there is sometimes a penalty to ROI if you pay too much, shows up in the form of intangible assets. When you write off an asset, you are basically removing it from your balance sheet.
Re: Walmart says it will discontinue Jet
#16[deleted]
Re: Walmart says it will discontinue Jet
#17FWIW, one could argue that Walmart didn’t pay $3B for Jet; they paid $3B for Marc Lore, which might still prove to have been a decent buy.
Exactly this. Additionally, he HATES Amazon after what happened with his previous start-up diapers.com. Jet was another at bat against Amazon. Wal-Mart wanted his expertise and his drive to make them a true competitor to Amazon in the online space. It seems like it is working. The biggest problem is probably that the rest of Wal-Mart is not super agile and changes aren't going as fast as desired.
Walmart could have a huge competitive advantage if they advertised that they don’t commingle stock and made it easy to only order shipped and sold by Walmart.com.
Although, Walmart also is known for accepting lower quality goods from brands in order to sell them at lower price, which isn’t much different from counterfeits, so I still wouldn’t buy from them.
Re: Walmart says it will discontinue Jet
#18There was a lot of talk and press about how Jet was struggling to integrate into the Wal-Mart way both technically and culturally.
What will happen to the Jet office and team in Jersey? Will that just become a Wal-Mart Office now?
Re: Walmart says it will discontinue Jet
#19Here's another article if you don't want to visit Techcrunch because of its redirection to advertising.com: https://www.businessinsider.fr/us/walmart-shuts-down-jet-4-y...
what happened to Techcrunch to make it so shit? Like i'm sure even the people who work at Techcrunch hate how bad it has become. Did the company change hands or something?
Re: Walmart says it will discontinue Jet
#20It was an acquihire more than anything. Marc Lore built up the beginnings of a successful e-commerce logistical chain, and Walmart got that momentum and expertise. Shuttering the Jet.com branding makes sense now that Walmarts ecommerce play has gained momentum, as their branding has way more mindshare.
I was going to say the same thing. I would bet that there is a lot of jet.com tech and expertise now in Walmart.com.
Maybe it changed more recently, but in the first couple years after acquisition they (WM and Jet) had very different approaches to things like search and there was a lot of internal conflict over whose was better. I think they pretty much just kept things separate as a result, so probably not a lot of long-term tech value attained by WM.