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Wal-Mart

Wal-Mart and the Last Stand of Retail

As Amazon.com has been smashing sales and stock price records, destroying entire retail verticals in the process, traditional brick-and-mortar retailers spent the last decade battling to remain relevant, in what sometimes appears as a battle lost before it began. Many predict 2017 will be the year when many traditional retailers close their doors for good. As more and more smaller retailers go out of business or consolidate through mergers and acquisitions, Amazon's march to retail domination will inevitably end up with a showdown with the largest traditional retailers, headed by Wal-Mart. Wal…

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The Jet Engine that Could

Wal-Mart is reportedly in talks to buy Jet.com, a billion dollar start internet retailer challenging Amazon.com: Jet, barely a year old, has drawn more than $500 million in capital from the likes of venture firms New Enterprise Associates and Accel Partners, mutual-fund company Fidelity Investments and bank Goldman Sachs Group Inc. The funding, and a valuation over $1 billion, are massive sums for a company facing the prospect of years of losses and an uphill climb to draw loyal users. Jet projected it would burn through hundreds of millions of dollars in its first few years, spending much o…

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