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Walmart will combine its store and online buying teams

Wednesday 26 February 2020 12:36 CET | News

US-based retailer Walmart is combining its teams of buyers for Walmart.com and the company’s stores.


The restructuring of the buyer teams was first reported by The Wall Street Journal. The Journal, citing people familiar with the matter, said that Walmart is combining the two groups to decrease conflicts over the pricing of products online and in-store. The two sides of Walmart’s business have separate chief executives. Marc Lore, the founder of Jet.com, leads Walmart’s ecommerce in US John Furner leads the store side of the business.


In the memo, Lore and Furner said buyers will be broken up into six merchandising teams: apparel; consumables; entertainment, toys and seasonal; food; hardlines; and home. The teams will buy all of Walmart’s items in that category, regardless of where they are sold.

Walmart has seen a surge of ecommerce growth, fueled by its online grocery business. It reported online sales growth of 35% during the fourth quarter and 37% for the year, according to CNBC.

More: Link


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Keywords: Walmart, retailer, merchant, ecommerce, online commerce, online store, grocery business, online sales, US, United States
Categories: Payments & Commerce | Ecommerce
Countries: United States
This article is part of category

Payments & Commerce