Walmart has bought Jet.com for 3.3 billion in cash and stock. I know Walmart’s been trying to get a better toe hold in online sales, which is almost impossible while Amazon is in power. The deal is expected to close later this year.
Jet.com put up a valiant fight. I bought some stuff from them that was not only cheaper than Amazon, but they worked very hard on customer service. The search engine for their online store needed work, but it wasn’t bad for a start-up.
With any luck Walmart can give Amazon a run for its money. Lately, Amazon has been less than hospitable with customers. Twice, they turned me down when I pointed out a lower price. They never used to be like that. A competitor with weight might make them more genial again.
In other news, Amazon is toying with the idea of a new model for grocery shopping. The idea is to order online and then pick up your order at a specific location.
So far the only two hubs will be in Seattle and the San Francisco Bay area.
I’m not sure that would appeal to me. I like to examine the packages first.
Would you try online grocery shopping? How about Jet.com once Walmart takes over?