retail therapy

Marc Lore steps down as Walmart’s head of e-commerce

This began as the most expensive acquihire ($3.3 billion for Jet.com) I’ve ever seen and appears to have ended successfully. He’s leaving them in great shape as a credible competitor online. “Walmart CEO Doug McMillon credited Lore in a companywide […]

retail therapy

The $600MM finger?.

Shortly after Marc Lore earned publicity for rapid-fire acquisitions as the head of e-commerce at Wal-Mart, Jeff Bezos declares they’re going to shut down the sites they bought from Lore in 2011 – diapers.com and others. The stated reason is […]

retail therapy

Wal-Mart does the internet.

Wal-Mart does the internet. Now that Marc Lore of Quidsi (diapers.com + soap.com) and Jet.com fame is in charge of e-commerce at Wal-Mart, they’ve started a shopping spree with the acquisitions of ModCloth and Moosejaw. These are culturally pretty far from […]