has 875, Jindel said that repositioning the locations as fulfillment centers will enable the retailers to provide next-day deliveries at a competitive cost, improve their product visibility processes, and handle returns more efficiently. has 823, and Wayne, N.J.-based toy retailer Toys "R" Us Inc. has 1,255 stores, Cincinnati-based retailer Macy's Inc. Citing his company's data showing that Framingham, Mass.-based office superstore Staples Inc. Jindel urged traditional retailers to leverage their large physical store footprints to grow their "store-to-door" models. In his presentation, Jindel repeated his warning that Amazon will decimate traditional retailing unless retailers can muster adequate responses to the Seattle-based giant's encroachment.
Bonobos, along with Modcloth, a specialty women's apparel brand acquired in March by Wal-Mart, will be overseen by Lore, who will market the clothing lines on Jet.com and the companies' own websites. Earlier this month, Wal-Mart announced it had acquired Bonobos, an upscale men's retailer, for $310 million. last August for $3.3 billion and installed Jet's founder, Marc Lore, to run its e-commerce business. It bought fast-growing e-tailer Jet.com Inc. In an e-mail, the spokesman said Wal-Mart drivers log about 700 million miles annually, but wasn't specific as to whether that included drivers working on a for-hire basis.īentonville, Ark.-based Wal-Mart, which has badly lagged Amazon in e-commerce growth, is moving aggressively to narrow the gap.
Wal-Mart is a large user of trucking services, utilizing its private fleet, dedicated contract relationships with motor carriers, and the for-hire truck network. A Wal-Mart spokesman would not disclose the extent of the company's outside carrier relationships. Jindel, who made a presentation on Amazon's take-no-prisoners rise to online retail dominance, said he became aware of Wal-Mart's actions through some of his sources. It was reported last week that Wal-Mart had told some technology companies that if they want its business, they can't run applications for the retailer on Inc.'s cloud-computing service, Amazon Web Services, and instead must use Redmond, Wash.-based Microsoft Corp.'s cloud service, known as Azure. Speaking at the SMC 3 annual summer conference in Palm Beach, Fla., Satish Jindel said Wal-Mart's warning is the latest step in what he called an e-commerce "cold war" between the two retail titans, which built dominant positions in different segments of the trade. is telling its for-hire motor carriers that if they also haul goods for Inc., they will have to stop doing so in return for keeping Wal-Mart business, a leading transport and logistics consultant said today.
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