Marc Lore, the e-commerce boss of the American department store Walmart, will step down after four years at the end of this month.
Lore was CEO of Jet.com, a competitor to Amazon, which was acquired by Walmart for $ 3 billion.
However, under Walmart, the Jet.com brand did less good than expected and the company even made a loss. The brand was discontinued in May 2020. In contrast, Walmart’s e-commerce business itself has only grown. Lore had also overseen these activities for quite some time.
The e-commerce activities will provisionally be transferred to CEO John Furner of Walmart US.
Source: Nieuws – Emerce by www.emerce.nl.
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