If its not obvious, visit a Sears/Kmart store. If WMT spends $2B+ on marketing, it could be all shifted to the stores. Application Under Review is neither a good nor a bad sign for getting a job. Retail brands are totally dependent upon the shopper in-store experience. Once your resume is submitted, it is added to the list of resumes for the recruiter to review, and in the meantime, your job application status will be changed to application under review. As Lexner said, “retail is detail.” Keep improving the store experience. It’s go time.īut don’t forget the present. He must prevent “hurry slowly, this too shall pass.” Performance evaluations need to include a portion that evaluates how each employee makes this a success. The folks in the trenches can wreck it or eliminate friction. Will both current organizations accept each other? It is totally upon McMillon to guide the progress, educate both organizations as to the 5 Points and constantly monitor and nurture the relationship. Five points covers plenty of ground.Īs in any acquisition, it will depend upon how the two cultures merge. Walmart Completes Acquisition of Jet.com, Inc.Five Big Reasons Walmart Bought Jet.com – Walmart Stores, Inc.Walmart believes that in acquiring Jet’s talent, technology, shopping experience and customers it is poised “to win the future of retail” and exceed expectations for years to come. The future of retail requires merchants to save consumers both time and money - two areas where Jet excels.McMillon and company believe that bringing Jet’s people on board will give Walmart the most talented team in retailing. New talent, specifically in the person of Jet’s founder Marc Lore, will be a valuable asset to Walmart.Both Jet and Walmart “will be able to leverage each other’s assets” to offer new ways to serve their customers. Jet reaches “urban Millennials” while Walmart has attracted shoppers with low prices and a variety of pick-up options. ![]() The customer bases of the two companies are complementary.It says the company has “built an impressive fulfillment network” that will be further enhanced by bringing Jet onboard. Walmart said that it has more than doubled the number of items on its site to more than 15 million over the past six months and is adding another million on a monthly basis. The acquisition will help Walmart build on its e-commerce foundation and accelerate growth going forward.He also pointed to Jet offering lower prices based on consumers opting out of free returns. Walmart pointed to several things Jet has done, including developing a model that allows customers to save more based on buying more. ![]()
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