Marc Lore, the e-commerce entrepreneur who led Walmart Inc.’s counterattack against Amazon. com Inc., is leaving the retail giant after many of its online operations have been absorbed by the rest of its businesses.
Mr. Lore, who founded Jet.com and joined Walmart in 2016 after buying his startup, spurred the brick and mortar giant to increase its online offerings, including adding more stock on the web and distribution centers.
But in recent years, many of its oversight areas have been combined with Walmart’s store operations. Walmart closed Jet.com to focus on Walmart.com, and its executives and e-commerce teams reported to the head of Walmart stores in the United States.
Walmart said Lore, its head of e-commerce in the United States, will retire on January 31 and remain a consultant until September. The company said it unified its stores and e-commerce operations in the United States in 2020. After Lore left, the business will continue to report to John Furner, the company’s chief executive in the United States.
“I think we had a five-year plan for what we wanted to accomplish and I think we largely did exactly what we set out to do,” said Lore in an interview. “The hope was that, at that time, e-commerce and stores would converge into an omni-organization and have a leader.”