Marc lore biography
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Marc Lore
American entrepreneur (born )
Marc Eric Lore (LOR-ee; born May 16, ) is an American entrepreneur,[1] businessman, investor,[2] and NBA owner.[3] In December , CNBC reported that Lore is now the Founder, Chairman, and CEO of the Wonder Group.[4] From to , he was the President and CEO of Walmart U.S. eCommerce.[5] Lore was appointed in September to lead Walmart's e-commerce division when his company —an e-commerce website launched in —was acquired by Walmart, Inc. Walmart purchased Jet for $ billion.[6]
Prior to Jet, Lore was the CEO and co-founder of Quidsi, the parent company of a family of websites, including Quidsi was sold in to Amazon for $ million.[7] Lore was named regional Entrepreneur of the Year by Ernst & Young in ,[8] one of the "smartest people in technology" by Fortune,[9] and dubbed the LeBron James of e-commerce by Matt Higgins.[10]
After stepp
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Marc Lore
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Marc Lore
Marc Lore served as President and CEO of Walmart eCommerce U.S. from to He was appointed to lead Walmartâs U.S. e-commerce operations in September , following the acquisition of bygd Wal-Mart Stores, Inc. beneath his leadership, Walmart expanded its online merchandise catalog eightfold, providing small merchants selling on Amazon another marketplace option to diversify their businesses. Additionally, Lore introduced free two-day shipping on with no membership fee and a Pickup Discount for online beställning pickups at local Walmart stores.
Before joining Walmart, Lore worked in the finance industry at Banker's Trust, Credit Suisse First Boston, and Sanwa Bank, after which he embarked on entrepreneurial ventures. He co-founded several companies including and (initially called DIAPERS), which were later rebranded beneath Quidsi, Inc. This venture was eventually sold to Amazon in for $ million. Lore also co-founded , which was featured in a Bloomberg Businessweek cover story in Jan