Analysis: Wal-Mart reboots its Amazon catch-up strategy by acquiring Jet
Don Davis
Why did Wal-Mart Stores Inc. buy Jet.com? Amazon Prime. It’s Amazon Prime that’s behind Amazon.com Inc.’s astonishing growth in U.S. e-commerce in recent years, increasing its share of U.S. online retail sales to 33% in 2015 from 25% in 2012, when counting purchases from sellers on Amazon’s marketplace. More than 63 million U.S. households belong […]