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Walmart Creates Tech Incubator And Investment Arm

March 20, 2017: 12:00 AM EST
Walmart has launched its Store No. 8 tech incubator program, according Jet.com founder and Walmart e-commerce business CEO Marc Lore. Speaking at the Shoptalk conference in Las Vegas, Lore said businesses under the program will operate like startups, but will be supported by the retail giant and its vast resources. Store No. 8 will be managed by Seth Beal, Walmart's former SVP for global marketplace and digital operations and Jet.com executive Katie Finnegan.
Laura Heller , "Walmart Launches Tech Incubator Dubbed Store No. 8", Forbes.com, March 20, 2017, © Forbes.com LLC
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