It’s been two and a half years since Walmart began testing its white-glove concierge shopping service dubbed Jet black. After much speculation that Walmart would spin-off the venture given its negative cash flow, the retail giant said Thursday (Feb. 13) it will end the service.
Jet black will cease operations Feb. 21 and nearly 300 employees will be laid off in the restructuring move. Walmart said 58 employees will join Walmart as the operation is rolled into Walmart’s customer organization.
Walmart has sought ways to consolidate leadership and stem losses, having done that with Jet.com in recent months. The retailer said Store No. 8 goals are to launch new capabilities that can eventually be fueled by the Walmart engine. A greater focus