Lore, whose Jet.com was acquired for $3.3 billion by Walmart in 2016, has been with the retailer for the past four years, building out its e-commerce capabilities.
The retailer’s HomeValet service, currently being tested by consumers in its hometown of Bentonville, Ark., allows Walmart to deliver orders directly to customers’ homes via temperature-controlled, powered smart boxes.
The retail giant will pay out more than $700 million in additional cash bonuses to the 1.5 million full- and part-time employees working in Walmart and Sam’s Club stores, distribution centers and fulfillment centers.
Cheryl Pegus, formerly president of consumer health solutions and chief medical officer at Cambia Health Solutions, is joining Walmart as executive vice president of health and wellness, effective Dec. 21.