Articles about Marc Lore

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Amazon vs. Walmart: Reporter and author Jason Del Rey on the ‘defining business clash’ of our era

Amazon famously professes to obsess about customers, not competitors, but if the company really wants to focus its business, concentrating… Read More

Walmart to buy Bonobos for $310M as it continues e-commerce battle with Amazon

Walmart announced Friday it is buying online apparel company Bonobos for $310 million to further beef up its e-commerce operation… Read More

Report: Amazon told employees that Quidsi could turn a profit this year, before pulling plug

Amazon’s abrupt announcement last week that it would be shutting down Diapers.com parent Quidsi smells funny to some of the… Read More

Look out, Amazon? Walmart’s $3.3B Jet.com deal starts to pay off with big growth in online sales

Walmart has invested heavily in e-commerce over the last year, most notably its $3.3 billion acquisition of Amazon competitor Jet.com, and… Read More

Walmart wanted Jet.com CEO Marc Lore so much they locked him up for at least 5 years

When rumors first surfaced that Walmart was interested in buying Amazon competitor and discount online retailer Jet.com, the assumption was… Read More

Walmart confirms $3.3B Jet.com acquisition: Here’s how they plan to take on Amazon

Walmart this morning announced an agreement to acquire Jet.com for $3.3 billion in cash and stock, confirming widespread reports and uniting… Read More

Walmart’s $3B acquisition of Jet.com expected Monday, putting Amazon in the crosshairs

Walmart is taking its biggest step yet to battle Amazon.com for supremacy in the realm of online retail. Follow-up: Walmart… Read More

Jet.com kills $50 membership fee, searching for a business model to dethrone Amazon

Jet.com, the closely watched e-commerce startup trying to perfect a business model that it hopes will upend Amazon, announced on Wednesday it will… Read More

As Jet.com’s shopping club gets ready to take off, its valuation may soar to $3B

The doors of this shopping mall aren’t even open yet and investors are clamoring to get a piece of the action.… Read More

Sneak Preview: What it’s like to shop on Jet.com, the startup that’s gunning for Amazon

A week after I placed my first order on Jet.com, I received a handwritten card in the mail, thanking me… Read More

Jet.com launching Amazon-like marketplace with a $50 annual fee

Jet.com, the e-commerce startup founded by Marc Lore, the former founder of Diapers.com, is finally saying how it intends on beating Amazon.com… Read More

Ex-Diapers.com CEO hatches wacky plan to give away stock to early customers of new e-commerce startup

The most common ways to own stock in a startup is to be an investor or an early employee, but Jet.com… Read More

Diapers.com founder’s five-year plan is to raise $600M for new project

Marc Lore, the former founder of Diapers.com, has already raised $80 million for his new e-commerce company, called Jet.com, but… Read More

Ex-Diapers.com CEO raises $25M more for Amazon competitor

Exactly what Marc Lore, the former CEO of Diapers.com, has in store for Jet.com is not clear, but he has plenty… Read More