In August, Walmart announced that it acquired Jet.com for $3 billion (yes, that’s with a “b”). The Boards of Directors for both Walmart and Jet have approved the acquisition and the deal will close at the end of the year. 

Let’s take a look at what this means for you and other Walmart shoppers.

Why the Acquisition

Jet is a fast growing and innovative e-commerce company with an experienced leadership team. 

Walmart hopes that acquiring Jet will provide fresh ideas that can be used to improve the customer experience across the board (in-app, online, and in-store) and increase the retailer’s e-commerce growth.

Walmart and Jet will remain separate brands; however, they will now work together to develop new ways to help customers save money.

What This Means for You

The takeaway message seems to be that Walmart customers can expect greater savings and a better customer experience.

According to Walmart President and CEO Doug McMillion, “We’re looking for ways to lower prices, broaden our assortment and offer the simplest, easiest shopping experience because that’s what our customers want.” Sounds good to us!

You can also expect Walmart to start using some of Jet’s policies, including rewarding customers with savings for items that are bought and shipped together.

So far, it seems like everyone will benefit from Walmart and Jet joining forces.

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