Inside a Jet.com warehouse in 2015.
Ben Fox Rubin/CNET
Walmart on Tuesday said it’s shutting down Jet.com, an e-commerce site that’s seen weakening online traffic for years.
The announcement was part of the world’s biggest retailer’s latest quarterly earnings report, in which it said its online sales surged 74% during the coronavirus pandemic. Walmart said it’s discontinuing Jet “due to continued strength of the Walmart.com brand” and said Jet had helped it build up its e-commerce business.
Walmart’s decision to shut down Jet may point to how hard it can be to succeed as a general-merchandise online retailer against the top…
Source CNET Internet News
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