Walmart’s Marc Lore to step down after jumpstarting retailer’s digital business


Marc Lore, CEO, Walmart eCommerce

Scott Mlyn | CNBC

The leader of Walmart’s U.S. e-commerce business, Marc Lore, is leaving the big-box retailer, according a filing on Friday by the retailer.

Lore joined the company in 2016 when Walmart acquired the start-up he co-founded,, for $3.3 billion. With the pricey acquisition, the legacy brick-and-mortar retailer sought to jumpstart its digital business and play catch-up to rival Amazon. The deal was seen by investors and analysts, in part, as a way for Walmart to gain the digital savvy of Lore and his team. Lore, a serial entrepreneur, had deep experience in e-commerce and sold his former company, Quidsi, the parent of, to…


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