Walmart unveils next-day delivery service to compete with Amazon
Category: #retail  By Pankaj Singh  Date: 2019-05-16
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Walmart unveils next-day delivery service to compete with Amazon

Walmart has not yet disclosed the expense of its latest delivery move.

The American multinational retailer Walmart has reportedly announced to offer next day delivery option to shoppers. The move comes following the announcement by Amazon to invest $800 million during the second quarter for one-day delivery for all Amazon Prime members. 

Reportedly, Walmart will launch next-day delivery in Southern California, Phoenix and Las Vegas over the coming few days. Later, the retailer will expand it to reach nearly 75 percent American consumers by the end of the year 2019, which will include 40 of the top 50 major metros.

Amazon has not detailed a timeline yet for the launch of its next-day shipping. The company had earlier introduced same-day and two-hour delivery for Prime members even before its announcement in April. The service was offered in specific markets for some products at an additional cost. The next-day shipping plan of Amazon will expand ZIP codes and number of items eligible for expedited services.

Walmart has not yet disclosed the expense of its latest delivery move. But the company has unveiled that it has been toiling on it from some time.

In January 2017, Walmart had started offering free, two-day shipping for orders above $35, reducing its minimum purchase threshold from $50. The company had already purchased Jet.com for $3 billion in the year 2016 to enhance its online business and compete with Amazon. The deal allowed it to reach shoppers in bigger cities, such as New Yok, in less time.

Marc Lore, Head of e-commerce business, Walmart, U.S., reportedly stated that the company has been working on the move for the past several years. It has been investing and now positioned itself to reap the benefits, he further added.

According to reliable sources, the push to match one-day shipping offer of Amazon will cost $215 million to Walmart in incremental investments, based on e-commerce revenues of the company.

Source credit: https://www.cnbc.com/2019/05/13/walmart-announces-next-day-delivery-firing-back-at-amazon.html

https://finance.yahoo.com/news/walmart-announces-next-day-delivery-040129079.html



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Pankaj Singh

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Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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