Ready to Square Up with Amazon
With the recent purchase of Marc Lore’s Jet.com, Walmart indicated that they would be joining the e-commerce ambition of Amazon. Today, Walmart announced free 2-day shipping with no membership fee. The United States’ biggest retailer is now in the ring, toe-to-toe with Amazon by undercutting their $99 membership fee for their Amazon Prime’s 2-day shipping service.
This is one of many planned moves announced from Walmart to compete with Amazon. “We are moving at the speed of a startup,” Lore said. “Two-day free shipping is the first of many moves we will be making to enhance the customer experience and accelerate growth.”
Walmart also announced that they would be offering same-day pickup from many of their retail locations. Pickup is currently available at more than 4,600 stores throughout the U.S. This is a step above Amazon’s pickup system called Amazon Locker. Walmart will also continue to offer Online Grocery Pickup at more than 600 locations across the country, with plans to expand the service in the coming year.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit our 11,593 stores under 63 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2016 revenue of $482.1 billion, Walmart employs approximately 2.4 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.