Walmart will open a Silicon Valley e-com incubator
March 21, 2017
Jeff Lore, the Jet.com founder and CEO of Walmart’s U.S. e-commerce business, told the audience at Shoptalk yesterday that Walmart is planning an incubator for e-commerce-related startups to be donned Store No. 8. As reported by Forbes contributor Laura Heller, Store No. 8 will be run like a conventional incubator but, said Lore, “will be ring fenced by the rest of the organization and backed by the largest retailer in the world.”
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