Show of HandsShow of Hands

Show Of Hands August 8th, 2016 7:43pm

Walmart closed a $3.3 billion deal to buy e-commerce retailer Jet.com, bringing in some outside expertise to jump-start growth at the retail giant’s e-commerce operations. Good move or a little too late to catch-up to Amazon and other big players?

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msa116 Pennsylvania
08/11/16 12:38 pm

The real reason for the purchase was the state of walmart.com. Walmart online ordering is a mitigated disaster.

jDinOR Oregon
08/10/16 12:55 pm

The deal makes no monetary advantage sense to me for Walmart, so who the hell know's other then the guy(s) who pitched the deal initially. Some people make way too much $ snarfing arse.

electricdrip
08/09/16 6:54 pm

I hate Walmart. The store aspect of it at least. They have really good prices though, so this will be great

ApplchnZMB Chase Away the Hate
08/09/16 6:58 am

They prolly won't catch up to the companies focused purely on online sales, but this should widen up the scope of Walmart's potential consumers.

Ag2013 Texas
08/09/16 4:50 pm

My thoughts exactly. May never be able to catch the companies that have made their name in the marker. But WalMart is big enough that if they want to capture some market share, they will.

Liberty Lets Use Logic
08/09/16 4:52 am

Good move. It should strengthen their online presence.

Annabelle41 Michigan
08/08/16 10:34 pm

Good if the other company is willing to sell out. Look at how many airlines there were and before our daughter worked for northwest and Delta bought them off so it's just the way of corporations. Northwest had unions and Delta didn't and she's making way more with Delta then Northwest ever before. Nothing wrong with one corporation buying out another just to make it even stronger.

Annabelle41 Michigan
08/08/16 10:34 pm

Good if the other company is willing to sell out. Look at how many airlines there were and before our daughter worked for northwest and Delta bought them off so it's just the way of corporations. Northwest had unions and Delta didn't and she's making way more with Delta then Northwest ever before. Nothing wrong with one corporation buying out another just to make it even stronger.

Annabelle41 Michigan
08/08/16 10:33 pm

Good if the other company is willing to sell out. Look at how many airlines there were and before our daughter worked for northwest and Delta bought them off so it's just the way of corporations. Northwest had unions and Delta didn't and she's making way more with Delta then Northwest ever before. Nothing wrong with one corporation buying out another just to make it even stronger.

Annabelle41 Michigan
08/08/16 10:34 pm

Ugg sorry for triple post it never went through

Spiritof76 USA 1776
08/08/16 8:10 pm

Good move. Buy up all the competition and monopolize the marketplace. /s

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qhl14 tn
08/08/16 7:24 pm

It's never too late, don't know what the census is talking about. Good move walmart

b727
08/08/16 6:18 pm

Really!?! 3.3 billion; and they can't pay their workers a decent wage, or pay for their healthcare?

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lisalashe
08/08/16 6:40 pm

corporate welfare at its finest!!

Liberty Lets Use Logic
08/09/16 4:55 am

Wal-Mart pays vendors the price for which they are willing to provide a good or service, the same as anyone else. The price of an acquisition has nothing whatsoever to do wit that.

nacho
08/09/16 12:57 pm

Why do people keep working there if it is so bad?
There are lots of jobs out there according to Obama -unemployment is low, the economy is doing great so what's the issue? There should be plenty of types of jobs that force Walmart to meet workforce marketplace demands?
Oh the economy sucks. Oh unemployed workers are competing
for scarce jobs. Someone better tell Obama and Hillary who promises more of the same economic success.

Diogenes Its Blursday Again
08/08/16 6:11 pm

Good move. Competition is needed in the marketplace to strengthen innovation.

moonshot More often I know nothing
08/08/16 5:50 pm

My niece took a job at Jet.com. Her first day was today. It was a very interesting day for her.

DeathSheep Michigan
08/09/16 8:04 am

Dude that would suck to come in for my first day and learn it'd be my last. I refuse to ever work for Walmart, so I would have just quit that day.

moonshot More often I know nothing
08/09/16 7:26 pm

She left a job in Anaheim working for Disney, moved to New York to take the job with jet.com. She wanted to get away from working for a large company to experience working for a startup.

DeathSheep Michigan
08/10/16 1:04 pm

So much for that. Sorry for her!

LoyalOkie E Pluribus Unum
08/08/16 4:52 pm

Both. Good move, but Too Late.

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Crawdaddy11 MIMNAZMN
08/08/16 4:46 pm

Good they can now dominate the online shopping hillbilly trash demographic that Amazon has controlled for so many years

Zod Above Pugetropolis
08/08/16 4:03 pm

Both. A good move, and too late. It might be worth it though if the purchase includes the services of just one or two capable web designers to fix the disaster area that Walmart's horrible website has been since day one. Personally, I think they could have increased both their online and online directed in-store sales by 10% or more by just spending a little time fixing their site without the acquisition.

themahcrow Louisiana
08/08/16 3:48 pm

Can't stand Walmart and will do my best to never spend a single penny at any of their stores.

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sleepingforrest I miss my cat
08/08/16 5:49 pm

Same. Trashy store

themahcrow Louisiana
08/09/16 5:22 am

For one it seems to bring out the worst in people. It's definitely a trashy store. I'm not saying everyone there is trashy but Walmart is just one slight step above The Dollar General. But most importantly, manufacturers who sell to Walmart make their products with inferior materials so they can sell it to Walmart at cheaper prices. So if you can, avoid Walmart electronics and tires.

themahcrow Louisiana
08/09/16 6:00 am

Not to mention the fact that they target small businesses.

SouthernLaw Old North State
08/08/16 3:45 pm

Both. It's a good move still, even though its a little too late.

kywrite augusta, ga
08/08/16 2:43 pm

Good move. Walmart has done an outstanding job of integrating online services and bricks-and-mortar locations. At this point, I think they are the only retailer who might have an advantage over Amazon.

RoDe Latinus wordsus
08/08/16 2:16 pm

Amazon has a head start, but Walmart has enough capital and revenue to make a big splash if they want to. Amazon only recently started turning a profit, though it has pretty huge revenue.

DeathSheep Michigan
08/09/16 8:08 am

The company finally had a big year in posted profits because their profits finally caught up to Jeff Bezo's spending. It's always been a hugely profitable company, it's just always been spent on things he buys or invests in. I highly doubt Walmart can ever beat Amazon in e-markets. Amazon literally set the standard for it, and even Walmart won't be able to beat the prices and make profit on a LOT of items.

jvberg Winter has Come
08/08/16 1:54 pm

Make America great again step #1: don't shop at Walmart.

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getupbaby South City
08/08/16 1:50 pm

Too little, not too late.

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bnnt Los Angeles
08/08/16 1:39 pm

Never heard of it. Sounds like Walmart got taken by some clever salesmen with some vaporware for $3B. Most of those execs they just acquired will run out the door within the year with their bags of cash to do it again.

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kywrite augusta, ga
08/08/16 2:43 pm

I've heard of them. Big behind the scenes, certainly not vapor ware.

DeathSheep Michigan
08/09/16 8:10 am

Really? You've never seen their stupid commercials with people's heads exploding with purple smoke? Those commercials made me never want to go to the site, not that they are with Walmart, I never will.

krannapple
08/08/16 1:36 pm

With Walmart's money, what is it getting from jet.com that it can't create in-house? This seems more like an effort to buy an up-and-coming competitor than expanding market presence.

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gonzoboy Arizona
08/08/16 1:31 pm

I do think that anytime a company can diversify it's appeal to attract a broader audience, it can't be all that bad. The VERY FIRST thought that struck me when I heard about this possible merger, was, "Is it possible for a retailer to become too big to fail"?đŸ¤”

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Laserbeam Crazy bird lady
08/08/16 1:06 pm

Not only does is it wayyyy to late to try to take on Amazon, but how many people have even heard of jet.com to begin with? This millennial hasn't.

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TreeHair Wisconsin
08/08/16 1:20 pm

Tbh it sounds like a website that you'd use to make a throw away email account

Laserbeam Crazy bird lady
08/08/16 1:23 pm

Dammit, should've proofread my comment before posting. You guys get what I was trying to say, tho.

I agree, that's kinda what I thought it was when SOH did another poll about that site recently.

political Georgia
08/08/16 12:46 pm

Good move for Wal-Mart! What do you mean it's a little too late?

dralgo Troy, Michigan
08/08/16 12:55 pm

Meaning is it a little too late to catch up to the likes of Amazon.

EarlyBird Portland
08/08/16 1:01 pm

Way too late.

kywrite augusta, ga
08/08/16 2:45 pm

They've been working on this for at least five years and so far have done an outstanding job.