Advertisement
02/21/2018

Report: Walmart’s e-commerce head dispels exit rumors

Image
Mark Lore is setting the record straight.

Lore, president and CEO of Walmart e-commerce U.S., is shooting down rumors that he was stepping down from his new post. Not only is he staying at Walmart, he is currently spearheading a website redesign, reported CNBC.

The Jet.com founder found himself in the center of the rumor mill following the report of Walmart’s fourth quarter earnings results that revealed online sales grew 23% for the period, compared to a 50% increase in the prior quarter.

“l feel like we are just getting started," Lore told CNBC. "I think we are having a ton of fun. ... We are making great progress on the value proposition.”

To read more, click here.