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Report: Wal-Mart in talks to buy Amazon competitor, Jet.com
Wal-Mart Stores is in talks to buy start-up Jet.com, an online retailer that has styled itself as a challenger to Amazon, the Wall Street Journal reported. The acquisition would give a big boost to Wal-Mart’s digital efforts, as well as its efforts to compete with Amazon. At the company’s annual shareholders meetings in June, Wal-Mart CEO Doug said the discounter planned to become more aggressive in growing its online business. -
Supervalu installs new tech platform
Expressing a desire to deliver more professional services and back-end support to its wholesale customers, Supervalu announced that it would install Oracle Cloud as its new technology platform. "The Oracle Cloud provides us with a more robust infrastructure and a comprehensive solution that we believe will help us drive increased efficiencies, speed decision-making, and enhance the overall customer experience,” said executive VP and CIO Randy Burdick.
