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Walmart closes jet.com 4 years after it paid $3B to buy them

Labeled as development in Domain Industry News, started by Samer, May 21, 2020

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  1. Samer

    Samer Top Contributor VIP

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    Jet.com will shut down, 4 years after Walmart paid $3 billion to acquire it.

    The original Jet.com was formed in 2014, after was sold by domain investor, Garry Chernoff, deal brokered by igloo (now Domain Advisors)

    When Walmart acquired Jet.com in 2016, goal was to complement brick-and-mortar and compete against Amazon as the primary online

    Despite efforts to promote Jet.com brand, sales haven’t been stellar; and will end Jet.
    It’s possible Walmart will consider selling domain Jet.com to an aviation company. Once Coronavirus pandemic subsides.

    Hat tip DomainGang @Acroplex; https://domaingang.com/domain-news/walmart-shutting-down-jet-com-it-paid-3-billion-dollars-for/
     
    Last edited: May 21, 2020
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  2. Samer

    Samer Top Contributor VIP

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  3. cdboard

    cdboard Top Contributor VIP ★★★★★★★★★★

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    maybe I should backorder that name. in case it drops.

    :)
     
  4. karmaco

    karmaco Top Contributor VIP

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    Crazy. You win some you lose some. They should have taken on the beast that is Amazon much sooner. They were a bit late to the party and their prices were only great the first few years which probably contributed to that not working out how they hoped.
     
  5. D Haynes

    D Haynes Top Contributor VIP

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    Never heard of jet.com so I guess they only advertised in the US. Nice name though.
     
  6. The Durfer

    The Durfer Top Contributor VIP Gold Account

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  7. pb

    pb Top Contributor VIP ★★★★★★★★★★

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    Jet engines gobble up lots of fuel, while Amazon just flows by itself, based solely on the forces of nature. Obviously it was a lost cause.
     
    Last edited: May 21, 2020
  8. BrandCollectors.com

    BrandCollectors.com Restricted (DM)

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    surprisingly I, ve never head before about that name or jet. com website.
     
  9. DigitalRoar

    DigitalRoar Investor & Creator VIP

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    RIP they actually had some good deals on there
     
  10. Samer

    Samer Top Contributor VIP

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    Nice insight, alexzz123 in theverge comments;
    Talking about Walmart CEO Doug McMillon
    B7A9441E-8031-4063-A9C3-C234D14E2E03.jpeg
     
    Last edited: May 21, 2020
  11. Jv1999

    Jv1999 Spamming Exo: Dark Merc of the Exo-Tower VIP

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    YEah their marketing sucked for Jet... if they used Walmart marketing maybe this wouldn't be this bad... but I didn't even know about Jet.com....... not one word since 2016.
     
  12. simonpan

    simonpan Established Member

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    I lived in the US but I have never heard about jet.com either ....that explains how bad their marketing is
     

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