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’

• “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, Jet.com, 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.”

https://www.google.com/amp/s/www.businessinsider.com/marc-lore-head-of-walmart-ecommerce-to-exit-2021-1%3famp