--- title: Wal-Mart Buys Jet.com for Expanded E-Commerce Growth to Compete with Amazon description: Wal-Mart Stores, Inc. and Jet.com, Inc. announced their entry into a definitive agreement for Wal-Mart to acquire Jet for approximately $3 billion in cash. image: https://www.land-link.com/hubfs/Land-Link-Blog-Image-AUG16-WalmartJetAmazon.jpg --- # Wal-Mart Buys Jet.com for Expanded E-Commerce Growth to Compete with Amazon ![Wal-Mart Buys Jet.com for Expanded E-Commerce Growth to Compete with Amazon ](https://www.land-link.com/hs-fs/hubfs/Land-Link-Blog-Image-AUG16-WalmartJetAmazon.jpg?width=711&name=Land-Link-Blog-Image-AUG16-WalmartJetAmazon.jpg "Wal-Mart Buys Jet.com for Expanded E-Commerce Growth to Compete with Amazon ") Wal-Mart Stores, Inc. and Jet.com, Inc. [announced](http://www.cnbc.com/2016/08/08/wal-mart-to-by-jetcom-in-3-billion-deal.html) their entry into a definitive agreement for Wal-Mart to acquire Jet for approximately $3* *billion in cash − a portion of which will be paid over time. Additionally, $300 million of Wal-Mart shares will** **be paid over time as part of the transaction. Evidently, the acquisition seems to be an attempt to compete with Amazon for the online shopper.  The acquisition will build on and complement the significant foundation that is already in place to serve customers across the Wal-Mart app, site and stores, positioning the company for accelerated e-commerce growth in the future by expanding customer reach and adding new capabilities.  Although Jet has only been operating its site for a little over a year now, it has already reached $1 billion in gross merchandise value and boasts a growing customer base of urban and millennial customers. The [site](http://www.cnbc.com/2016/08/08/wal-mart-to-by-jetcom-in-3-billion-deal.html) says it has been adding more than 400,000 new shoppers each month and processes an average of 25,000 orders daily. Wall Street insiders have hinted that the price was too high for an e-commerce company that has only been in business for a year, but many see the move as the only option to have any chance of catching Amazon.  The move puts Wal-Mart in an aggressive, yet distant second place in the e-commerce race, as Amazon's North America sales topped $62 billion last year and Wal-Mart was well behind with $16.2 billion.  "We believe the acquisition of Jet accelerates our progress across our priorities,"[McMillon said](http://www.cnbc.com/2016/08/08/wal-mart-to-by-jetcom-in-3-billion-deal.html). "Wal-Mart.com will grow faster, the seamless shopping experience we're pursuing will happen quicker, and we'll enable the Jet brand to be even more successful in a shorter period of time. Our customers will win. It's another jolt of entrepreneurial spirit being injected into Wal-Mart."  With the expected growth of e-commerce in the coming months and years, it shouldn't be long before Wal-Mart's accountants can monetize the value of this acquisition through sales and market share increases. [Land-Link Traffic Systems](https://www.land-link.com/our-services) is your one stop shop for all of your Supply Chain, Logistics, and Transportation Management needs. To read more about our services, click the button below.  [![Land-Link's Services](https://no-cache.hubspot.com/cta/default/435785/8a77c5c4-4045-4eff-ad22-0c3992b40695.png)](https://cta-redirect.hubspot.com/cta/redirect/435785/8a77c5c4-4045-4eff-ad22-0c3992b40695) [Logistics News](https://www.land-link.com/blog/topic/logistics-news) ##### Like it? Share it: [Twitter ](https://twitter.com/intent/tweet?url=https://www.land-link.com/blog/wal-mart-buys-jet.com-for-expanded-e-commerce-growth-to-compete-with-amazon) [LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.land-link.com/blog/wal-mart-buys-jet.com-for-expanded-e-commerce-growth-to-compete-with-amazon) [Facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.land-link.com/blog/wal-mart-buys-jet.com-for-expanded-e-commerce-growth-to-compete-with-amazon) #### Comments (1) ### You may also like [Logistics News: Wal-Mart's Suppliers Have Had Enough ](https://www.land-link.com/blog/logistics-news-wal-marts-suppliers-have-had-enough) ##### [Logistics News: Wal-Mart's Suppliers Have Had Enough](https://www.land-link.com/blog/logistics-news-wal-marts-suppliers-have-had-enough) 23 September, 2015 Many Wal-Mart Stores suppliers are saying no to new storage fees and a payment schedule that could delay payment for mon... [Read this article](https://www.land-link.com/blog/logistics-news-wal-marts-suppliers-have-had-enough) [Twitter ](https://twitter.com/intent/tweet?url=https://www.land-link.com/blog/logistics-news-wal-marts-suppliers-have-had-enough) [LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.land-link.com/blog/logistics-news-wal-marts-suppliers-have-had-enough) [Facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.land-link.com/blog/logistics-news-wal-marts-suppliers-have-had-enough) [Logistics News Update: Wal-Mart’s Business Model Is Being Re-Thought ](https://www.land-link.com/blog/logistics-news-update-wal-marts-business-model-is-being-re-thought) ##### [Logistics News Update: Wal-Mart’s Business Model Is Being Re-Thought](https://www.land-link.com/blog/logistics-news-update-wal-marts-business-model-is-being-re-thought) 27 January, 2016 Wal-Mart’s business formula is essentially: They keep their internal expenses very low. This enables them to set the pri... [Read this article](https://www.land-link.com/blog/logistics-news-update-wal-marts-business-model-is-being-re-thought) [Twitter ](https://twitter.com/intent/tweet?url=https://www.land-link.com/blog/logistics-news-update-wal-marts-business-model-is-being-re-thought) [LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.land-link.com/blog/logistics-news-update-wal-marts-business-model-is-being-re-thought) [Facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.land-link.com/blog/logistics-news-update-wal-marts-business-model-is-being-re-thought) [Supply Chain News: Wal-Mart Leaning on Suppliers in China ](https://www.land-link.com/blog/supplychain-news-wal-mart-leaning-on-suppliers-in-china) ##### [Supply Chain News: Wal-Mart Leaning on Suppliers in China](https://www.land-link.com/blog/supplychain-news-wal-mart-leaning-on-suppliers-in-china) 22 October, 2015 In 2015, China devalued the Yuan nearly 2% hoping to stimulate growth and exports. This year, the currency is down 2.9 p... [Read this article](https://www.land-link.com/blog/supplychain-news-wal-mart-leaning-on-suppliers-in-china) [Twitter ](https://twitter.com/intent/tweet?url=https://www.land-link.com/blog/supplychain-news-wal-mart-leaning-on-suppliers-in-china) [LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.land-link.com/blog/supplychain-news-wal-mart-leaning-on-suppliers-in-china) [Facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.land-link.com/blog/supplychain-news-wal-mart-leaning-on-suppliers-in-china) ![](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/979448541/?value=0&guid=ON&script=0)