Wal-Mart and The Future Of Retail

Virtual reality is one of the new frontiers when it comes to the customer experience. Walmart wants to get in on the action early, which is why it acquired VR start-up Spatialand in February. Spatialand CEO Katie Finnegan shares how the retail giant plans to use the evolving technology.

Jet.com, one of the fastest growing e-commerce companies in the U.S., is out with a new brand called Uniquely J. Tim Stenovec was with Liza Landsman, President of Jet.com, at Cornell's Entrepreneurship event. Landsman says the brand, now owned by Wal-Mart, should provide your favorite version of everything ranging from coffee to sriracha. When it comes to private label, Jet.com doesn't want to compromise. Landsman says Uniquely J is designed to deliver great quality and beautiful design, all at a fair price point. The brand is looking to appeal to the urban, affluent millennial. To do so, Uniquely J focuses on things like free-trade coffee and certified organic goods. Jet.com was acquired by Wal-Mart for $3.3 billion last year. Landsman explains where Uniquely J fits into the retail giant's own private labels. She also describes how the culture at Jet.com has changed post-acquisition. With M&A a clear part of Wal-Mart's strategy, Landsman shares how all the deals blend together to create a business ready to compete with Amazon.

Managing editor of Entrepreneur Linda Lacina breaks down Wal-Mart's shocking decision to raise wages and close 63 Sam's Club locations on the same day.