Jet.Com In 2022 (What It Is, Does Walmart Own It + More)

Walmart Inc.
  • Wal-Mart Discount City (1962–1969)
  • Wal-Mart, Inc. (1969–1970)
  • Wal–Mart Stores, Inc. (1970–2018)



Sam Walton


Number of locations
10,593 stores worldwide (January 31, 2022)



Area served
Key people






Convenience shop
Revenue Increase


559.2 billion




US$22.55 billion




US$13.70 billion



Total assets


US$252.5 billion



Total equity


US$87.53 billion



Walton family



Number of employees
2,300,000 (Jan. 2021)


U.S.: 1,600,000



List of subsidiaries

Footnotes / references



[8] In 2022 (What It Is, Does Walmart Own It + More) is an online retailer that offers lower prices on grocery products. Many people are curious if Walmart is the owner of Is still financially viable?

  • This is something that I was curious about! The matter intrigued me so I began to research it further. So, I decided to investigate the relationship between & Walmart.
  • What was it? was founded by Marc Lore, creator of The website competed with Amazon Fresh and reached younger, better-off shoppers before Walmart acquired it to grow its ecommerce department. But, after three years of partnership, was closed and it shut down permanently in 2020.

  • Continue reading to learn more about and whether Walmart bought the company.
  • In 2022 (What It Is, Does Walmart Own It + More)

    What Was

    Founded by founder Marc Lore, was once an American e-Commerce company specializing in selling groceries online.

    It had an interface that looked a lot like Amazon Fresh Marketplace. Unlike Amazon, discounts were not tied to your premium membership.

    Instead of it offering incentives to purchase more items, you will see the app offer to add additional items to your virtual shopping bag. Also, all options are clearly displayed during the checkout process. offers incentives that include:

  • All orders shipped free
  • Bulk items at lower prices
  • All mail-in returns and exchanges are completely free
  • It encourages customers to order items in bulk. This makes it less expensive for the company overall.
  • How Did Does A Membership Cost?

    In the beginning, founders hoped to give shoppers a 90-day free trial that would allow them to explore the site. Then they’d pay $50 per year for a membership. refused to charge fees and the original plan was scrapped.

    However, the decision led to early failures in the company prior to Walmart intervention in 2016. In 2022 (What It Is, Does Walmart Own It + More)

    What Motivated Walmart to Purchase

    Walmart bought 30% of in October 2016 for $3B and became the largest shareholder.

    Walmart shares had a value of $3 billion in October 2016 but were only worth $1 billion by June 2017.

    Walmart decided to buy, in part because Amazon was expanding too much into grocery. It didn’t want Walmart losing its market share.

    Since is an online grocery hub, Walmart felt this was a way to grow like how Walmart had expanded into new markets in the past.

    Walmart also purchased to help revive the struggling company.

    Walmart acquired, a merged online grocery site, so that both companies could compete with Amazon.

    Walmart gained another advantage by purchasing It also got some highly skilled workers.

  • For example, Marc Lore went on to be President and CEO of e-Commerce (US) from 2016 to 2021!
  • The company gained access to more distribution and fulfillment centers that made it much easier and quicker to ship products to customers.

    Walmart had never been known before the purchase of as a luxury or high end retail brand. also has partnership agreements with premium retail shops like Bloomingdales. This helped to raise the profile of Walmart.

    Finally, Walmart shoppers are rural or suburban households with families. Walmart has also expanded to urban areas because people who live in cities tend to be more likely use delivery services. was successful because of these features has a unique feature: Its “realtime pricing algorithm,” which ensures customers receive the most exact prices.

    Additional factors that affect item pricing include location, payment method, purchase on a partnering site, as well as the type of product purchased.

    One example is that if you buy several items from the same distributor, they are cheaper than if you bought them separately.

    The same applies to shopper who made their purchases with a debit card and not a credit card that has higher processing fees. They would also receive a discount.

    Finally, through the Jet Anywhere Program, shoppers could spend money at partnering locations and earn Jet Cash that they could use to purchase items on the website in the future.

    A few of the partner locations included, however:

  • Ann Taylor
  • Nike
  • com
  • Bloomingdales
  • In 2022 (What It Is, Does Walmart Own It + More)

    What caused Walmart to end its relationship with

    Surprisingly enough, Walmart was able to terminate the relationship within three years of’s purchase.

    Walmart ended the relationship with because was no longer profitable.

    Walmart, for example, had to shell out $3 billion for’s 30% stake, however, the stake was only worth $1 billion by June 2017.

    Walmart decided to discontinue the site because it wanted to diversify, and had more success with Modcloth and Bonobos (which Walmart owns).

    Walmart observed that was still having difficulty competing against Amazon when it comes to online grocery shopping.

    Jet was also in serious trouble after it began displaying links from other websites like they were partners sites. has now removed links to companies that had requested to be removed, however,’s image is already damaged.

    Does Still Exist, And What Company Owns It Now?

    Although the website went down in June 2020 with no warning from Walmart, it will still direct you to if was entered into your browser search.

    So, this means that Walmart still has ownership of the domain name as well as the company. Walmart seems to have decided that it won’t reimagine its brand. In 2022 (What It Is, Does Walmart Own It + More)

    What Happened To The Employees When The Website And Warehouses Closed?

    As of closing, there were approximately 5,000 workers employed by

    Walmart workers can find new jobs and are transferred to other places, which is a good thing.

    Walmart made the decision to end all relations with Simon Belsham the President of and the man was permitted to resign following the acquisition.

  • Marc Lore served as President and CEO for Walmart e-Commerce US (September 2016 – January 2021).
  • See our Related Guides to learn more: Walmart’s profit per minute, Walmart companies and Walton family net wealth.

  • Conclusion
  • While some may consider Walmart’s investment into a failure, others view it as an opportunity.

    First, the investment paid off because Walmart was able to draw in talent that knew e-commerce well. Walmart attracted an older, better-off shopping population.

    Finally, Walmart became more associated with high quality clothing brands thanks to its partnerships with

    Walmart owns Jet

    Walmart acquired worth $3.3 billion in 2016 as a way to thwart Amazon’s explosive rise. The company said Tuesday that it will discontinue the website. Doug McMillon from Walmart said the acquisition was responsible for “jumping-starting our progress over the last few years in e-commerce.” May 19, 2020

    Why was Jet Com discontinued by Walmart?

    Walmart announced that Jet is being discontinued due to “continued strength of’ and stated Jet had been a key component in building its e-commerce platform. May 19, 2020

    Did Walmart Lose Money On Jet Com?

    Critics have contended, however, that was only a money-losing venture for Walmart. May 20, 2020

    Which Company owns Jet Com

    Walmart announced that it would buy in August 2016 for $3.3B ($3 billion cash plus up to 300 million stock) and $3.3B in equity.

    .Jet.Com In 2022 (What It Is, Does Walmart Own It + More)

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