Walmart’s star e-commerce exec Marc Lore is leaving the retail giant to build a ‘city of the future’ modeled on a ‘reformed version of capitalism’

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  • “Marc Lore, the head of Walmart eCommerce US, will leave the company at the end of January, Recode reported.
  • Lore originally joined the company when he sold his startup,, to Walmart for $3 billion in cash in 2016.
  • Walmart’s e-commerce boomed under Lore’s leadership. The retailer’s annual sales growth in ecommerce surged to 50% in 2018, and recently recorded a 97% yearly increase in the quarter ending on July 31, 2020.”

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