Member Brief: Lore’s Great Challenge

Sign In

Marc Lore is right. On the heels of an explosive report by Recode’s Jason Del Rey, 2PM delves into the forces in play. Amazon alum and Jet founder Marc Lore has always had a tough task within the walls of Walmart Incorporated. Consider the influence of history on his task at hand.

By 1967, the five year old retailer had achieved a profitable $12.6 million in sales, just five years into its proper existence. In today’s money, that’s $96,500,000. The Bentonville, Arkansas retailer would incorporate two years later and IPO within three years, going public in 1972. Today, Walmart is the largest company by revenue and it is the largest private employer in the United States, employing some 2.2 million people. The DNA of the company is one of cash flow and expansion, cash flow and expansion. The genetics will need to change to win the future.

Read more by signing in. Not a member yet? Learn more here.

Member Brief: On Multi-brand Retail

Sign In

The company has been met with a notable skepticism. Long before Verishop launched, its merits were hotly debated. Industry insiders poked and prodded the idea that another marketplace had the audacity to enter the space and against Amazon of all companies. Does the industry need another marketplace? What will their average gross margin be after the holiday season? How will they attract strong brand and media partners? And where will the traffic come from? These are but a few of the questions that you’ll hear among eCommerce industrialists.

Read more by signing in. Not a member yet? Learn more here.

Member Insights: Full Stack Retail

Sign In

Two key developments, from over the past few months, shaped this week’s announcements at Toronto’s Shopify Unite 2019. BuzzFeed left Shopify to utilize fulfillment by Amazon (FBA). This was certainly a blow to Shopify; just months prior Shopify began working with BuzzFeed to drive demand to its many stores. But the most important of these developments? Adobe’s burgeoning partnership announcement with Amazon. In short, the Seattle-based eCommerce giant has become a threat to Shopify’s continued growth. And Magento (Acquired by Adobe), a platform that was impacted by Shopify’s growth, has long desired payback.

Read more by signing in. Not a member yet? Learn more here.