We have reported a lot about Walmart and how it absolutely dominated the retail industry for quite some time now. However, things have changed and Walmart is now facing the challenge of repeating its retail success in the e-commerce sector as well.
But we also know that Amazon is the one which has a lead right now due to its early start in the industry. In any case, Walmart has the backing and the investments so it will put all its efforts to make the e-commerce strategy work as well.
For this reason, we are seeing a lot of growth in Walmart’s e-commerce business but we know that they are currently burning money and not earning anything out of it. Leadership of any platform also plays a big role in how the platform performs. And Walmart’s e-commerce business now has a deputy chief who will be under the current chief of Walmart’s e-commerce business.
The company has named Jamie Iannone as the deputy and he is given the role of Chief Operating Officer. Before being appointed the COO of Walmart’s e-commerce division, Iannone was already working in the web, membership and marketing operations of Walmart’s retailer wholesale subsidiary named Sam’s Club.
At Sam’s Club, Iannone was also leading operations such as improving online sales and customer service. Interestingly, Iannone will have John Furner as his CEO who he has already worked with in the past during his time at Sam’s Club. Now, this is also a fair indication that Walmart sees Iannone leading its e-commerce division in the future after the departure of Lore.
Lore is the owner of startup named Jet.com which he sold to Walmart in 2016 for $3.3 billion and he still has an year and a half of its current role to improve company’s business.
During his tenure at Sam’s Club, Iannone introduced “Ask Sam”, an app which works like Siri to gives employees ability to find information without asking their managers.