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Five reasons why Walmart bought


Photo: Doug McMillon

With its deal to buy officially close, Walmart CEO Doug McMillon decided to answer a question that many folks have been asking: Why

In a blog on its website, McMillon listed the top five reasons it bought the online startup. The top reason: to better serve Walmart customers and reach new ones.

“ created a unique, transparent way for customers to shop, helping them make choices that lower their prices as they shop — from building smarter baskets to opting out of free returns and using debit cards,” McMillon wrote.

To read about Walmart’s four other reasons, click here.

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