Posted on 01/14/2017 10:10:15 PM PST by 2ndDivisionVet
Wal-Mart is reorganizing its e-commerce team and upgrading executives from its recent Jet.com acquisition to compete with Amazon with higher selectivity and lower prices.
The changes are aimed at making Wal-Mart more customer-focused, Jet founder Marc Lore, who is now the Executive Chairman of Wal-Mart's e-commerce operation, said on Friday in a memo Bloomberg had access. Wal-Mart bought Jet in September for about $ 3.3 billion and is appealing to the startup to push for an online operation that has lagged behind Amazon.
"We've talked a lot about becoming a more customer-centric organization," Lore said. "Our strategy is to offer more options, competitive prices - especially in food and other consumer products - and operate with the strength of the most efficient e-commerce supply chain in the world."
The company is reorganizing its equipment online so it can serve customers regardless of whether they buy online, through smartphones or in stores, according to the memo. The main promotions include the designation of Scott Hilton as revenue director, who will be in charge of adjusting the various digital stores, markets, and online retailers. Jeremy King has been promoted to chief technology officer for the United States and Wal-Mart's e-commerce and retail technology teams will unify, according to Recode.
Seth Beal will lead a new division of strategic partnerships and incubation and will focus on identifying which areas have the greatest potential for growth. Wal-Mart is increasingly pressured as Amazon gets into the food business. Large retailers have traditionally used food to attract shoppers to the stores, expecting them to then buy electronics, clothing, and other items that have higher profit margins.
But Amazon could now capture more of those customers. The online giant is even targeting recipients of food stamps as part of a pilot program that will begin in the summer. Wal-Mart responds to that threat with its Jet.com Fresh service, which offers fresh food delivery without charging a membership fee, according to Financial Times.
The memo shows that Wal-Mart seeks to match Amazon's reputation as a customer-centric company. The company will create a new team to deal with issues such as returns and fraud prevention, a problem that becomes more important as Wal-Mart relies more on third parties selling in its market.
(VIDEO-AT-LINK)
here’s a more coherent report than a bad english translation from south korea:
http://www.reuters.com/article/us-walmart-restructuring-idUSKBN14X2HF
Put the Doritos, dip, and Colt .45 on the homepage.
Walmart was the Amazon of its day. Sam Walton was a big believer in technology and at one time Walmart was the biggest non-government user of technology in the world.
Remember when they cancelled all the good TV shows back around 1970? That was a direct result of redistribution. The easy to tap market was the welfare culture with all the money to spend. The productive culture, now under the burden of high taxes, had no money to tap. Obviously you cancel the American culture, and produce a welfare culture — the television industry did exactly that.
Every time they increase redistribution, they kill America.
Food delivered inexpensively to one’s door takes the inconvenience out of grocery shopping.
Just go to a virtual isle, make your selection and add it to shopping cart.
With Prime, food can be delivered in two days.
You can’t beat Amazon’s shipping, I’ll grant you that, but Walmart is cheaper. Walmart is getting better with their shipping pass option though.
Once again, Walmart lets productive America know that they are not as important to WalMart as Da EBT-ers.
Fresh is 15 bucks a month but the food is cheaper than prime in many instances.
Though the savings need to obviously be more than 15 bucks per month :)
I use Prime also though.
Shoprite.com is my go to. Just got a 200 buck delivery today :)
I throw the delivery guy 10 bucks for bringing it in.
I HATE going to big grocery stores!
Went and looked at their prices, less than here but ya gotta buy in bulk. Ten of whatever, but the prices were about 20% lower than our Wallymart.
They need to redo their website, and this time hire someone other than the guy who did the first pass on the Obiecare sites.
Organization is awful, indexing sucks, and the most potentially useful feature (the ability to check what’s in stock and where it’s located in the store) is buried under a bunch of useless minutia.
All I care about is that Walmart sells Mallomars much cheaper than I could find them on Amazon. LOL
The Cookie of the Gods.
I find my local Shoprite to be more expensive than getting a lot of those foods at Target. Cereal, milk, soda, and staples like that are usually cheaper at Target.
I would suggest for certain rural communities that Walmart offers a delivery service,say within 50 miles. Buy online, get it within the hour. Plenty of ex pizza delivery drivers around.
Walmart is DOOMED!
Businessmen & ancestor inheritors, are notoriously tech ignorant & tech phobic.
The new tech boss will be given no control, no power.
The old ignorant have NO idea what is required for software.
The old ignorant will SABOTAGE.
Walmart is doomed like Sears. The old guard will squander all money on cruise ships until Kmart part two.
LMAO LOL The iceberg cometh, hold fast! LOL
Is it dangerous when corporations indirectly live off government handouts, second hand? I am thinking it is.
Are you referring to the so-called "Rural Purge?"
https://en.wikipedia.org/wiki/Rural_purge
Regards,
Convenient? You have to be home to take delivery. You also have to plan ahead. Personally, I think I will continue to prefer swinging by the store while I'm out and picking up whatever strikes my fancy at the moment.
I'll grant that such preferences can be stage of life and neighborhood dependent.
“Once again, Walmart lets productive America know that they are not as important to WalMart as Da EBT-ers.”
They make a ton of money off the EBT crowd, it’s a large part of their customer base. Not Wal-Mart’s fault the gov’t is throwing money around like water. That problem is in DC.
I used Walmart’s website last year to purchase an item. Before buying I contacted them about the quantity and price as the website was unclear. When the order arrived I was overcharged and the quantity was half of what I was told over the website. At first they took no responsibility for the error and told me it was the third-party vendor I had to deal with, but that vendor never returned a call or answered my numerous emails. I continued to contact Walmart and they refused to help. After about a month I got in touch with senior management which agreed to a one time adjustment. I literally spent over a month to get these jerks to make a $15 adjustment for not delivering what was promised. I refuse to ever use their unintelligible website again.
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