New York Post

Jet founder eyeing departure: sources

- By LISA FICKENSCHE­R

Marc Lore could be eyeing his exit from Walmart, several sources tell The Post.

The scrappy e-commerce entreprene­ur — whose startup Jet.com got acquired by Walmart 17 months ago for $3.3 billion — suffered a blow on Tuesday as Walmart said it will rein in subsidies of Jet’s growth.

Lore, who is also chief executive of Walmart.com, is largely credited with Walmart’s online expansion over the past year. He was noticeably absent from Walmart’s discussion of its digital slowdown on a Tuesday conference call.

Lore — who founded Diapers.com and sold it to Amazon in 2011 for $540 million — isn’t necessaril­y seen as a good fit for Wal- mart’s corporate culture.

“I wouldn’t be surprised if he left,” said Edward Jones analyst Brian Yarbrough.

“I’m not convinced that Marc Lore and the other members of Jet.com leadership team are truly in it for the long haul,” added Brittain Ladd, a digital consultant and former Amazon executive. “Their skill and ambition will more than likely take them elsewhere.”

Last month, Jet President Liza Landsman announced she would leave the helm after just 18 months to join a venture capital firm, New Enterprise Associates.

Her replacemen­t, Ladd said, “should be groomed to replace Marc Lore, who I anticipate will depart Walmart in 2018 to 2020 at the latest.”

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