Walmart E-Commerce Alum Debuts Delivery Startup for Luxury Goods
- Olive to consolidate orders from Coach, Everlane, other brands
- Co-founder of Jet.com says new venture targets cardboard waste
This article is for subscribers only.
The surge of online buying during the pandemic has created stacks of boxes on America’s doorsteps. A former Walmart Inc. logistics expert wants to reduce all that cardboard clutter.
Nate Faust, who for years worked alongside Walmart’s recently departed online chief Marc Lore, on Wednesday debuted a delivery service called Olive that consolidates orders from fashion labels including Michael Kors, Coach and Stuart Weitzman. Olive will gather items from more than 100 brands at its two hubs, where boxes will be recycled while the goods are sent on to consumers at no extra charge in a reusable container.