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Retail news from around the globe

Walmart swallows up Jet platform Walmart has announced a sweeping overhaul at Jet.com, integrating its retail, technology, marketing, analytics and product teams with its own online business. Jet, an online startup acquired in 2016 for US$3.3 billion, is focused on online grocery sales and was expected to boost Walmart’s reach in that category, particularly with city dwellers and millennial shoppers. However, Jet’s sales have been falling, as has the number of customers dealing with its plat