Jet boss taking flight

After just a year as president of Jet.com, Liza Landsman is leaving.

Walmart bought the ecommerce startup in September 2016 for $3.3 billion and Landsman, who had been chief customer officer, was promoted when Jet.com founder Marc Lore became chief executive of Walmart’s e-commerce business.

Hoboken, NJ-based Jet.com confirmed that Landsman will be leaving “in the coming months” — which Recode first reported. She is taking a job at an unidentified company, according to Recode, after three years at Jet.com.

“If everything is great and humming along, it does make you wonder why [she] is leaving,” Edward Jones analyst Brian Yarbrough said.

Last year, Jet.com launched a private-label brand, Uniquely J, which includes coffee, paper products, snacks and cleaning supplies that some speculated may end up being sold on Walmart.com. But the sales performance for Uniquely J products have not fulfilled management’s expectations, according to a source.

Some speculated that Landsman was recruited because Walmart is doing well.

“People want to pull talent from Walmart,” Morningstar analyst John Brick said.

Still others pointed to corporate culture clashes between Jet.com and Bentonville, Ark.-based Walmart, which has more buttoneddown policies than a scrappy tech company. Walmart put the kibosh, for example, on Jet.com’s in-office happy hours.