The weak Q3 earnings report from Yahoo has us wondering, again, about Yahoo CEO Marissa Mayer’s role on the Walmart Board of Directors. While Walmart purportedly brought Mayer on to help boost the retailer’s eCommerce performance, it’s clear that she has her hands full just trying to keep Yahoo afloat.
Fascinating New York Times story this weekend on Walmart’s battle to catch up in the likes of Amazon in e-commerce. A few choice quotes:
In this post, we raise questions about Marissa Mayer’s contribution as a Walmart director. Specifically, given the enormous challenges she faces at Yahoo, does Mayer have the time and focus to help Walmart implement a winning eCommerce strategy? And could Mayer’s aggressive recruitment of top Silicon Valley engineers conflict with Walmart’s own effort to hire the best and brightest for its Bay Area technology shop, known as @WalmartLabs?
Walmart has been working overtime to convince retail analysts that its eCommerce division is finally ready to emerge from a string of failed initiatives which, as The Wall Street Journal notes, left the company playing “catch-up” with Amazon.com. According to the Journal, Amazon’s $61 billion in online sales last year dwarfed Walmart’s $7.7 billion. And despite Walmart’s recent investments on the technology side of things, Retailing Today says the gap “is wide and growing.”