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Walmart turned off Jet.com after buying it for four years at a price of $ 3.3 billion

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Walmart turned off Jet.com after buying it for four years at a price of $ 3.3 billion

Walmart said it had closed Jet.com, only four years after spending $ 3.3 billion to buy online foodstuff startups in an effort to compete with Amazon.

The world’s biggest retailer took Jet.com – founded in Hoboken, New Jersey, by e-commerce pioneer Marc Lore – in 2016 in an effort to improve e-commerce operations, especially in larger metro areas including New York.

But despite its purple logo and unique advertising aimed at millennials, Jet.com has been heading south for more than a year when its employees were moved to work on the Walmart.com website in June and president Simon Belsham resigned amid a decline in sales.

However, Lore is now chief executive of Walmart’s e-commerce business in the US, which posted a 74 percent increase in sales in the last quarter, the company said on Tuesday.

“Because of the continued strength of the Walmart.com brand, the company will discontinue Jet.com,” Walmart said in its revenue report, adding that Jet.com had “been important to accelerate our omni strategy.”

The Jet.com site is still operational and Walmart does not provide a deadline for when it will stop it.

“Walmart ending the Jet.com experiment is no surprise,” said retail consultant and former Amazon executive Brittain Ladd. “I have always believed that Walmart acquired Jet.com to utilize Marc Lore and his team to help accelerate e-commerce adoption at Walmart.

Ladd added that “Walmart has improved their e-commerce capabilities, but Amazon dominates Walmart in e-commerce and will continue to do so.”

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“His manager is Portuguese and…”; The agent changes plans, and Luis Castro “arranges” the problem in the protection of “Botafogo”

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"His manager is Portuguese and...";  The agent changes plans, and Luis Castro "arranges" the problem in the protection of "Botafogo"

Botafogo

The defender must return from loan ahead of schedule, and the Glorioso coach will have to make a decision at the beginning of the preseason.

Photo: Jorge Rodriguez/AGIF.  First, Luis Castro does not have Diego Loureiro for 2023.
Photo: Jorge Rodriguez/AGIF. First, Luis Castro does not have Diego Loureiro for 2023.

With the end of the season Botafogo its reformulation is already underway with the participation of Luis Castro. Names like Carlinhos, for example, have already left General Severiano, but there is a tendency for the “purge” to continue a little longer. Especially with the return of borrowed athletes during the year.

goalkeeper case Diego Loureiro, who played on loan at Atlético GO, promoted to Serie B. Curiously, the Botafogo archer has a contract at Goiania until the end of 2023, but Dragao president Adson Batista is pessimistic about the player’s consistency.

“Diego Loureiro is a bit off because he still has a contract with Botafogo, his manager is Portuguese and he has a different vision.” said the director in an interview with radio Sagres from the capital of Goiás.

The goalkeeper played only two games for Atlético-GO, who were betting on Renan in the starting lineup. If he returns to Rio, Loureiro will likely see high competition in the black and white net as Luis Castro now has alternatives to Gatito Fernandes and Lucas Perry.

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Portuguese footballer, former Sporting player, flees the country

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Portuguese footballer, former Sporting player, flees the country

Ruben Ribeiro is accused of domestic violence and was arrested two weeks ago. He left with a term of identity and residence and disappeared from the “trace” of the authorities.

Ruben Ribeiro left Portugal a few days after his arrest due to accusation of domestic violence.

The wife blamed the 35-year-old Portuguese footballer last month.

Woman introduced several episodes of physical and psychological abuse over the past few years – some of which in front of the couple’s three children.

The court considered that the football player’s wife was in danger and, therefore, arrested Ruben about two weeks ago, November 16th.

The midfielder was questioned by the referee, but later releasedindicating the identity and place of residence – with a ban on contact or approaching the victim and under electronic surveillance.

However, the player has disappeared. O morning Post indicates that the General Directorate of Reintegration and Prison Service went to the defendant’s house to install an electronic surveillance device, but when it arrived, the accused was not.

The player also received a phone call, but this never answered🇧🇷 He did not cooperate, according to the Porto Criminal Court.

The newspaper writes that Ruben Ribeiro is in Turkey – His club is Hatayspor, but the family is still in Portugal.

The court has not yet decided what it will do after that. violation of coercive measures – An international arrest warrant may be issued.

Despite this development, the wife’s lawyer assures that she ” trusting that institutions know how to ensure justice and adequate protection for victims.”

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Born in Porto, Rubén Ribeiro grew up playing for Boavista and the Leixoyes. Later distinguished himself in the service of river birdwhich brought him a move to Sporting.

He played in Alvalada for only half a season; was one of nine players who terminated the contract with the club after hitting the gym in Alkoshet, 2018.

ZAP //

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Inevitable consolidation? Portugal’s banking was the second most concentrated in Europe in two decades – ECO

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Inevitable consolidation?  Portugal's banking was the second most concentrated in Europe in two decades - ECO





Inevitable consolidation? Portugal’s banking was the second most concentrated in Europe in two decades – ECO































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