Jet.com is closed- CedCommerce can help you move inventories to Walmart
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Are you a seller whose catalogues are still there on Jet.com? Here is some crucial notification for you. Jet.com sellers will no more be able to avail it as a selling platform. The Walmart owned Jet.com is closed. Walmart plans to include all the Jet’s resources into its own. But not to worry. If you still want to continue selling your Jet.com inventories, we at CedCommerce can assist you in shifting them to Walmart till July 16, 2020.
As Walmart says, Jet.com is closed and will be dysfunctional for sellers from July 15, 2020, meaning sellers no longer can find their listings/inventories after 15th of July, 2020. The Jet inventories will not automatically transfer to Walmart. But, sellers will have to place a request through the Walmart Seller Center. Because Jet.com is closed, for any assistance in moving inventories, you can contact us. If you are a new seller wishing to start your shop on Jet, we can help you to set up a store and sell on Walmart.com instead. For more queries or assistance regarding same, you can either contact Walmart Seller Help or us.
How can CedCommerce help you?
As an integration services provider for e-sellers, CedCommerce offers a wide range of services including uploading of your Jet.com inventories to Walmart. Facilities at our end are as follows:-
- Profile Based Product Upload and Pricing: based on the product profile created before.
- Real-time Synchronization of Price and Inventory that is automated by us.
- Manage Walmart Orders directly through admin by converting them into regular orders.
- Easy Debugging of Product Details for hassle-free product uploading on Walmart.
- Bulk Uploading of Product details to save time and resource.
- Shipment automation, E-mail notification and Shipment Reminders available to keep you updated with the order progress.
- Auto Acknowledgement of Order from the API and complete assistance in API usage at our end.
- Product Page Validation according to the Walmart Marketplace standards.
- Low Stock, New Order, Error and Rejected Products Notifications to keep you updated.
Walmart’s Jet Suspension
Jet.com is inoperational now. Walmart’s CEO Doug McMillon announced on May 19, 2020, about Jet closing. All the services, including shipping network, fulfilment centres and human resource, had already merged into Walmart.com, last year.
“Due to continued strength of the Walmart.com brand, the company will discontinue Jet.com,” said Walmart in a statement.
Walmart Jet Ownership: The history
Walmart Jet ownership began when Walmart acquired Jet.com in 2016 for $ 3.3bn. Since then, the Walmart Jet association worked together to give a fierce competition to leading marketplaces. Jet.com since then focussed on same-day grocery delivery and the needs of urban shoppers.
The deal was locked to take on some global competitors with the help of a digitally native brand.
“If you look at the trajectory of our business, it changed when we made that acquisition.”, says Doug McMillon on Walmart’s acquisition of Jet.com. McMillon believes that Walmart is now able to reach the affluent, young customers, because of Jet.com.
Walmart’s e-commerce sales in the U.S. in the first fiscal quarter shot up by 74%, reported CNBC. The earnings report of Walmart revealed that revenue for the company in this quarter was $ 134.6bn, an increase of $10.7 billion, or 8.6%, actually beating expectations.
“Our business fundamentals are strong, and our financial position is excellent. Customers trust us to deliver on our brand promise, and I’m confident in our ability to perform well in almost any environment. While the short-term environment will be challenging, we’re positioned well for long-term success in an increasingly Omni world.”; said, Biggs.
Walmart was earlier more preferred among the middle-aged, middle-class people, while Jet.com was more prevalent among the young, affluent masses. Walmart managed to gather customers of all classes over time. So the closure of Jet.com might be an attempt to expand Walmart as a brand and acquire all the resources like staff, shipping service and fulfilment.