Amazon is pushing to deploy Drone technology to improve overall customer experience by adding even faster delivery times on top of competitive prices.
Walmart in the attempt to gain on amazon.com skips the Drones and goes for Jet technology!
A few days ago Walmart announced the move to acquire jet.com a one year old online shopping site. Numbers are $3 billion cash and up to 300 million in shares
Well of course I am playing with words… Acquisition of Jet.com is real but they have not Jet Powered Flying Drones :)
[or... do they? https://steemit.com/writing/@readwriteshare/short-story-original-content-amazon-com-vs-walmart-s-jet-com-fast-delivery-war-question-for-you-at-the-end ]
Is this a potentially successful attempt from Walmart to go head to head against Amazon for online sales?
Both brands, Walmart and Jet, will continue to operate online separately but Marc Lore (CEO at jet.com) will be leading both online operations.
Marc Lore, founder or Quidsi (daipers.com, soap,com, beautybar.com), sold Quidsi to Amazon in 2010 for $545 million
jet.com adds about 400,000 new shoppers per month and shows 25,000 orders processed daily.
From a consumer point of view, Walmart will add larger economy of scale to jet.com potentially offering more competitive prices for the end use (and or higher profit margins for jet.com)
It will be interesting to see market shares of online sales for both Amazon and Jet.com over the coming years
https://techcrunch.com/2016/08/08/confirmed-walmart-buys-jet-com-for-3b-in-cash/
I strongly believe Jet.com might be the next contender for Amazon. Way easier to use and they provide their customers with Amazing Deals and Discounts! Great post!
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I am sure Jet.com will soon expand to UK and other European Nations.
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We may never have to leave our homes again!
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