Marc Lore, the David to Amazon’s Goliath, will step down as Walmart’s e-commerce chief
The Hustle

Marc Lore, the David to Amazon’s Goliath, will step down as Walmart’s e-commerce chief

Marc Lore has been taking Amazon on for decades, from to to Walmart.

MONTCLAIR, NJ - APRIL 28: Marc Lore, CEO of new e-commerce site laughs during chatting with his team in a conference room at headquarter on Apr. 28, 2015 in Montclair, NJ. Marc Lore, who was co-founder of successful e-commerce company Quidsi sold this company to rival company in 2011. He claims his new e-commerce site will have the lowest price and provide human connection to its customers and retailers by new business model. The new business model will make profits not from purchase transaction but from 50$ of annual membership fee like Costco. recently raised 140 million led by Bain Capital. (Photo by Shin Woong-jae/For the Washington Post)

When the topic of “Amazon is a fierce competitor” comes up, one of the most famous case studies is Quidsi, which owned

Co-founded by Marc Lore in 2005, was an e-commerce trailblazer that figured out how to ship bulky, low-margin products like — you guessed it — diapers.

Amazon tried to acquire but was rebuffed.

Apparently, Jeff Bezos doesn’t like to get rejected

Soon after getting turned down, Amazon bots tracked and undercut its prices by 30%+.

The Amazon price war became so onerous for Lore and his team that Quidsi eventually caved and sold to the Seattle giant for $545m in 2011.

After a stint at Amazon, Lore co-founded

It was yet another e-commerce competitor to Amazon that would be acquired by Walmart for $3.3B in 2016.

Since then, Lore has led Walmart’s battle against Amazon. Per the Wall Street Journal, his efforts have led to mixed results:

Walmart’s e-comm biz made crucial changes during the pandemic…

… including more online grocery sales, curbside pickup, third-party merchants, and the rollout of a Prime-like subscription service.

On Friday, Lore announced his retirement from Walmart, effective Jan. 31. The timing lines up with the 5-year, $250m restricted stock package he received.

What’s next? Lore tells the WSJ he wants to build “the city of the future” and — on a slightly less ambitious note — write a book.

Either way, the dude’s done slinging diapers.

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