walmart buys jet.com
walmart buys jet.com
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Re: walmart buys jet.com
I like the exploding head commercials.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
Re: walmart buys jet.com
Jet.com... I always wondered what their exit strategy was, there was no way they could compete with Amazon.
That being said, I'm a little surprised Walmart bothered. That should be a sign of Walmart's desperation.
That being said, I'm a little surprised Walmart bothered. That should be a sign of Walmart's desperation.
It's not me, it's someone else.
Re: walmart buys jet.com
Why not? It's.... what... less than a quarter of their net income in 2015? I forget. I want to say it was in the neighborhood of $15B.
Why not roll the dice, see what comes up.
Why not roll the dice, see what comes up.
"Be bold, and mighty forces will come to your aid."
Re: walmart buys jet.com
Sure... why not take that $15B net income and make it $14B?
It's not me, it's someone else.
Re: walmart buys jet.com
I bet they'll push their physical presence... everywhere. But they'd really have to improve the class of customer service people they will have at the online order desk. I overheard some walmart peeps last xmas... they were losing 65% of all layaway items, and the two times I had to return an item, it was like dealing with zombies. Depressed zombies.
But yeah, all in all, I don't see them competing with amazon. One of the millennial Waltons pushed this, I bet. They always have shitty ideas.
But yeah, all in all, I don't see them competing with amazon. One of the millennial Waltons pushed this, I bet. They always have shitty ideas.
"Be bold, and mighty forces will come to your aid."
Re: walmart buys jet.com
I'm not sure I had ever heard of jet.com.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Re: walmart buys jet.com
Jet.com wanted to be the next Amazon. I bought some stuff from them cuz they had stupid promotions ($30 off $75 + 20% off stackable coupon) and such. It's got a horrible interface. The more you buy of a given item, the more it discounts.
It was bleeding $40M / month as of last Fall.
It was bleeding $40M / month as of last Fall.
It's not me, it's someone else.