By Nate Delesline III
Source: Grocery Dive

  • Walmart plans to close its technology and business innovation unit, Store No. 8, The Wall Street Journal reported on Friday, citing an internal memo. Some of the unit’s innovations include Walmart’s in-home delivery service and text and voice shopping.
  • Since its founding seven years ago, about 300 people have moved on from Store No. 8 to other internal jobs. The responsibility of developing future innovations will be shared by everyone, Chief Financial Officer John David Rainey said, according to the memo.
  • As a result of Store No. 8’s closure, Scott Eckert, a senior vice president who had led the business unit since June 2019, according to his LinkedIn, will leave the company, the WSJ also reported.

Read the full article