News

Walmart to discontinue high-end Jetblack service

Friday 14 February 2020 15:02 CET | News

Walmart has announced that it will discontinue its personal shopping service, Jetblack, on 21 February 2020.

According to CNBC, the comments follow a report by The Wall Street Journal that the company ended talks to spin off the business and will now restructure it. The retailer had conversations with potential investors, including Microsoft, United Parcel Service, and venture capital firms, according to the report.

Jetblack notified customers about the end of the service in text messages and emails. It said it would no longer accept new orders but would fulfil pending ones. It also said it would refund all customers their most recent USD 50 monthly membership fee.

More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Walmart, Jetblack, shopping service, the US
Categories: Payments & Commerce | Ecommerce
Countries: United States
This article is part of category

Payments & Commerce