Walmart Is Reevaluating JetBlack’s Future
JetBlack, Walmart’s personal shopping service, is geared toward busy urban families. Business is done over text, and there is no minimum purchase required. For a fifty dollar annual fee, customers can have goods delivered to their homes and even gift-wrapped. According to a recent report, JetBlack customers spend about $1,500 a month.
The model is drawing attention; Walmart has begun receiving interest in the business. JetBlack could enter a partnership with another company, or else be sold or spun off.
JetBlack was started in 2017 by Marc Lore, who is Walmart’s U.S. eCommerce chief executive officer. The company promised to fulfill shopping requests from many different retailers, with free delivery and even gift wrapping, for a fee of $50 a month.