Walmart head of U.S. e-commerce to retire By Reuters

© Reuters. Marc Lore, of Walmart eCommerce U.S. at the Wall Street Journal Digital Conference in Laguna Beach

(Reuters) – Walmart (NYSE:) Inc Chief Executive Officer of U.S. e-commerce Marc Lore will be stepping down from his role at the end of the month, a regulatory filing showed on Friday.

Lore was the co-founder of, which Walmart acquired in 2016 to bolster its e-commerce ambitions and was later absorbed into the retail giant’s own online business.

The move comes at a crucial time for Walmart’s online business, as sales on the company’s website and app soar with more people avoiding store visits over fears of the spreading coronavirus.

The company said it has unified its store and e-commerce teams, and the combined U.S. omni-channel business will report to Walmart U.S CEO John Furner from Feb. 1.

Lore will serve in a consulting role with Walmart through September.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.