Marc Lore, Walmart’s head of e-commerce, says the company will make more acquisitions going forward.
“We’re being pretty active, yeah,” he told Recode Senior Editor Jason Del Rey at the Code Commerce conference at Shoptalk in Las Vegas.
“We’re behind,” he added. “We need to catch up.”
That’s remarkable given the string of companies he’s already snapped up. Lore was put in charge of Walmart’s online business after Walmart bought his company, Jet.com. He proceeded to acquire Moosejaw, an outdoor retailer; Shoebuy, a competitor to Zappos; and most recently online fashion retailer ModCloth. He had already acquired furniture site Hayneedle under Jet.com.
All told, he has spent more than $200 million buying e-commerce startups.
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