{"id":70784,"date":"2016-08-04T09:55:11","date_gmt":"2016-08-04T13:55:11","guid":{"rendered":"http:\/\/techvibes.com\/?p=70784"},"modified":"2016-08-04T09:55:11","modified_gmt":"2016-08-04T13:55:11","slug":"wal-mart-jet-acquisition","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/wal-mart-jet-acquisition","title":{"rendered":"Wal-Mart Eyes Jet.com for Acquisition"},"content":{"rendered":"<p>Wal-Mart&#8217;s sputtering\u00a0e-commerce machine may find a fix in <a href=\"https:\/\/jet.com\/\" target=\"_blank\">jet.com<\/a>. Sources close to the deal are reporting that the retail giant is actively in talks with the year-old start-up.<\/p>\n<p>Wal-Mart&#8217;s $13.6 billion in e-commerce sales last year is a distant second to Amazon&#8217;s $82.8 billion and has actually shown signs of declining. A deal with Jet could be exactly what Wal-Mart needs to make up lost ground in online sales and help keep its promise to add 1 million new products per month to its online shops. \u00a0This potential acquisition, valued as high as $3 billion, is just one of many steps Wal-Mart is taking to significantly increase its web sales model including e-commerce, mobile payments,\u00a0premium fulfillment memberships,\u00a0drones and robotics. Jet&#8217;s sophisticated\u00a0pricing models take into account basket size, proximity to customer and other factors to offer a price that in many cases beats both Amazon and Wal-mart. That, combined with their\u00a0distribution network and customer data, are all assets to the stuck-in-the-past brick &amp; mortar giant.<\/p>\n<p>Jet reported $90 million in merchandise\u00a0sales\u00a0in May 2016, a near 300% growth from just 5 months prior. Despite tremendous growth, Jet itself is also facing Amazon as its direct\u00a0competitor. Wal-Mart could be exactly what Jet needs to scale at an enormous rate in order to compete with\u00a0Amazon.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wal-Mart&#8217;s sputtering\u00a0e-commerce machine may find a fix in jet.com. Sources close to the deal are reporting that the retail giant is actively in talks with the year-old start-up. Wal-Mart&#8217;s $13.6 billion in e-commerce sales last year is a distant second to Amazon&#8217;s $82.8 billion and has actually shown signs of declining. A deal with Jet [&hellip;]<\/p>\n","protected":false},"author":76166,"featured_media":70787,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-70784","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-News"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/70784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/76166"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/70784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/70787"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=70784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=70784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=70784"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=70784"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=70784"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=70784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}