- Associated Press - Wednesday, June 12, 2019

NEW YORK (AP) - Walmart is eliminating the position of president at its Jet.com subsidiary, which it acquired in 2016, as it further merges the rest of its team with its namesake online operations.

As part of the changes, Jet.com’s president, Simon Belsham will leave in August. Strategy and management of Jet.com will fall under Kieran Shanahan, who will continue to oversee food, consumables, health and wellness for Walmart.com.

Walmart said Wednesday that Jet.com will continue to operate, and there are no layoffs planned.

Walmart has been integrating much of Jet.com with Walmart.com since its $3 billion acquisition. Last year, Walmart repositioned Jet.com to focus more on urban shoppers. The acquisition has helped Walmart jumpstart its e-commerce business and has led to new offers like two-day free shipping and next day delivery.

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide