Walmart news 

Walmart has signed a definitive agreement with Canoo to purchase 4,500 units of its all-electric Lifestyle Delivery Vehicle, with an option to purchase up to 10,000 units. Plans to launch in 2023 The Lifestyle Delivery Vehicle (LDV) is a US-made commercial elective vehicle (EV) which has been optimised for sustainable last mile delivery use cases. Using steer by wire technology, the design ...

Walmart is integrating its InHome delivery programme by adding it as an option for members of Walmart+. Walmart InHome expansion InHome delivery enables customers to have their online grocery orders delivered straight into their homes, including into the fridge. This had previously been offered as a separate, fee-based service, in locations where the service was available. With Walmart expa...

Two of Canada’s leading retailers, Loblaw and Walmart, are launching new programmes to provide shoppers with a range of grocery items in as fast as 30 minutes. While Walmart is adopting a more conventional model for quick commerce, Loblaw is bringing some innovation to the channel. Two launches in two days The announcements from Loblaw and Walmart Canada signal that the Canadian retail mark...

Our latest research reveals that Walmart’s revenue is set to reach almost $750 bn by 2027. Between 2021 and 2027 it is expected to grow by 4.7% on a CAGR basis, reaching $747.6 bn. $180 bn growth opportunity Our new report Strategic outlook for Walmart , reveals that Walmart’s growth will be led by its operations in the USA, India and Mexico. Over recent years the retailer has recast i...

Walmart is partnering with the Roku streaming TV service on a pilot project to enable users to purchase products directly from the platform. Media opportunities This new partnership has been developed to make TV streaming an ecommerce shopping destination. The new experience offers product discovery with a seamless checkout experience, enabling purchase directly at the time of inspiration. ...

Walmart has started a recruitment drive to get UK sellers to offer their products through its third-party Marketplace in the US. This forms part of its strategy to build range parity with Amazon and develop a meaningful new revenue stream. Scaling the platform Walmart.com has grown to be one of the world’s leading websites, combining first-party and third-party merchandise. Around 120m US m...

Walmart is expanding its partnership with DroneUp to new areas, providing it with the capacity to reach 4m households across six US states. This will also enable it to start monetising the service through developing a new revenue stream. Convenience driving usage Walmart launched its partnership with drone firm, DroneUp, last year, with the retailer also investing in the business. DroneUp o...

Despite a solid sales performance in the first quarter, against tough comparables, Walmart saw a sharp hit on profitability due to higher costs. We look at the impact on its performance and its updated outlook for the year. Walmart's Q1 key numbers Walmart's total revenue in Q1 increased by 2.4% to $141.6bn, representing an additional $3.3bn Sales in its US stores increased by 4.0%, w...

Since the start of the pandemic, many Mexicans have transitioned their grocery shop to smaller formats, in stores closer to their homes. Initially, this change of habit was to reduce contact and mitigate the threat of the COVID-19 virus, but they have since become accustomed to the time and cost-saving benefits of shopping locally. Mexico has a huge informal economy, meaning large sections of ...

Walmart has doubled the fuel discount available to members of its Walmart+ programme. This comes as fuel prices remain elevated in the US. Making it more meaningful Walmart+ was launched in 2020 offering range of benefits including free online delivery, fuel discounts, and a contactless checkout and payment experience, for an annual fee of $98 a year, or $12.95 per month. Since the launch, ...