The Jetblack team attends Jetblack Holiday Marketplace on November 20, 2019 in New York City.
Noam Galai | Getty Images
Walmart said it will discontinue its personal shopping service, Jetblack, on Feb. 21.
The comments follow a report by The Wall Street Journal that the company ended talks to spin off the business and will now restructure it. The retailer had conversations with potential investors, including Microsoft, United Parcel Service and venture capital firms, according to the report.
In a post on its corporate website Thursday, Scott Eckert, head of the retailer’s technology incubator Store No. 8, said Jetblack has graduated from its tech incubator and will become part of Walmart’s customer organization.
“We’ve learned a lot through Jet black, including how customers respond to the ability of ordering by text as well as the type of items they purchase through texting,” Eckert said in the post. “We’re eager to apply these learnings from Jet black and leverage its core…