Walmart is subsidizing lower prices on its site to help it compete with Amazon, according to a report in Bloomberg. The beneficiaries are Walmart shoppers – and an unknown number of third-party sellers on Walmart. The new program will temporarily Read more
Walmart is selling fashion ecommerce site ModCloth, which it had acquired in March of 2017. It said at the time that the acquisition provided it with the experience of a well-recognized specialty apparel ecommerce brand that’s trusted by millions of Read more
Walmart is expanding its delivery membership program that, while it sounds a bit like Amazon’s Prime free-shipping program, is focused on delivering groceries. The program costs $98/year and is expanding from 4 markets to nearly 200 markets where it will Read more
Walmart reported 2nd quarter fiscal-year earnings today. Its ecommerce division, Walmart U.S. eCommerce, grew sales 37% in the quarter, which the company said included strong growth in online grocery. It originally provided guidance of 35% growth for its ecommerce business Read more
Walmart revised its returns policy on its Marketplace, and a seller told us that what concerns him the most is the following: “No Restocking fees may be applied.” Previously sellers could charge a restocking fee for any reason, not to Read more
Walmart is rolling out next-day delivery beginning in Phoenix, Las Vegas, and Southern California, with plans to reach approximately 75% of the US population this year. The move follows on the heels of Amazon’s recent rollout of 1-day delivery. The Read more
Walmart isn’t taking the news of Amazon 1-day Free Prime Shipping lying down. It hinted in a Tweet that it would do the same – but without requiring a membership fee. “One-day free shipping…without a membership fee. Now THAT would Read more
Etsy and Walmart are expanding some eco-friendly initiatives that will also help them generate good PR. Etsy CEO Josh Silverman vowed to offset carbon emissions generated by the shipping of orders by Etsy sellers. “98 percent of Etsy’s total emissions Read more
Walmart grew its US ecommerce sales by 43% in the fourth quarter. The company said Walmart U.S. eCommerce continued to benefit from the expansion of grocery pickup and delivery and a broader assortment on Walmart.com. Note that its fiscal year Read more
Amazon appointed a Starbucks executive to its Board of Directors. Rosalind G. Brewer, 55, is Chief Operating Officer of Starbucks Corporation and is the former CEO of Walmart’s membership-only retail warehouse club Sam’s Club. While head of Sam’s Club, Brewer Read more
