Retailers have been advised to act like a start up and now the largest retailer in the world is doing more than that. Walmart has created an incubator to internally nurture startup businesses called Store No. 8.
The initiative was announced at the Shoptalk conference today in Las Vegas by Jet.com founder and CEO of Walmart's U.S. e-commerce business. Lore was a keynote speaker at Shoptalk's inaugural event last year and just a few month's later his company, Jet.com, was purchased by Walmart for more than $3 billion.
