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September 18, 2019

On the web

Walmart Launches Two New Credit Cards Offering 5% Back on Digital Purchases

TechCrunch

Walmart is partnering with Capital One to launch a new credit card program, which rolls on September 24, and includes both co-branded and private-label cards. The former, the Capital One Walmart Mastercard, includes 5% back on purchases made on Walmart.com or paid for in-store using Walmart Pay (the latter for the first 12 months.) The private label card, the Walmart Rewards Card, will offer those same perks, but is limited to being used only in Walmart stores and on Walmart.com.”

On the wires

Capital One and Walmart Reimagine the Retail Credit Card Program

“Capital One and Walmart are introducing the Capital One Walmart Rewards Credit Card Program, which launches with two new credit cards that reward customers for shopping at Walmart and on purchases they make everywhere the card is accepted. The program’s signature co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart purchases, the Walmart Rewards Card, will be available beginning September 24.”

September 13, 2019

On the web

Walmart Grocery Is Expanding Its $98 Per Year ‘Delivery Unlimited’ Subscription Across the US

TechCrunch

Walmart is expanding its brand-new “Delivery Unlimited” grocery delivery membership program to more stores across the U.S., with plans to reach more than 50% of the country by year-end. The new program allows regular grocery delivery customers to pay either an annual fee of $98 or $12.95 on a monthly basis instead of paying the usual $9.99 per delivery fee. These options make Walmart Grocery delivery more affordable for those who order at least twice a month or more.”

August 23, 2019

On the web

Walmart Is Losing a Lot of Money Online. Does That Matter?

Digital Commerce 360

“Walmart Inc.’s online sales—which include a large buy online pick up in store (BOPIS) operation for groceries and other goods—are soaring. But profit for the ecommerce operation could be years away, according to industry observers. In the first and second quarters of Walmart’s current fiscal year, online sales grew 37.0% , the company reported. Management expects growth in ecommerce sales to be at least 35% for the year as a whole. That’s far above the 15.0% overall growth rate for U.S. ecommerce sales in 2018, according to Internet Retailer data.”

August 16, 2019

On the web

Walmart’s Q2 E-commerce Growth Bolstered by Online Grocery, Prime Day Sales Bump | ZDNet

ZDNet

“Walmart’s e-commerce business continues to be a bright spot in the company’s sales growth, with online grocery contributing significantly to its gains in digital. Walmart also gave a nod to its “four-day July sales event” that countered Amazon Prime Day for giving its Q2 e-commerce sales a boost. Overall, the world’s largest retailer reported comparable sales growth of 2.8%, while online sales grew at a rate of 37%.”

August 2, 2019

On the web

Walmart Wants to Patent a Stablecoin That Looks a Lot Like Facebook Libra

CoinDesk

“Retail giant Walmart has applied for a cryptocurrency patent that bears some similarities to the Libra token proposed by Facebook in mid-June. In its application with the U.S. Patent and Trademark Office, Walmart touts the concept of a digital currency “tied to a regular currency” – that is, what’s commonly known as a stablecoin. Libra will be a token pegged to a basket of fiat currencies and government bonds, according to Facebook. Over and above that, the filing suggests that the proposed coin could help provide finance for those with limited access to banking services – one of the major claims Facebook has made for Libra, most likely in an effort to appeal to the public (and regulators) over the token.”

July 3, 2019

On the web

June 25, 2019

On the web

Walmart Now Accepts SNAP for Online Grocery Orders at All 2,500+ Pickup Locations

TechCrunch

“Walmart has been working to address the needs of low-income shoppers for some time. More recently, it’s been introducing new ways to serve customers on public assistance. In fall 2017, the retailer began a small test allowing customers to pay for online grocery orders using their SNAP (Supplemental Nutrition Assistance Program) benefits — more casually known as food stamps. Today, Walmart says SNAP is now accepted for online grocery orders at all of the company’s 2,500-plus pickup locations. For SNAP customers, the process of placing an online order is as simple as it is for those paying with debit or credit. They enter their ZIP codes on the Walmart Grocery website to select their local store, then shop for groceries online by adding items to their cart. At checkout, they select a pickup time and choose “EBT card” as their payment option.”

May 28, 2019

On the web

May 16, 2019

On the web

Walmart Extends Streak of Sales Growth

Wall Street Journal (paywall)

“While some retailers have closed or seen sales sputter in recent years with the rise of online shopping, quarterly comparable sales have risen consistently in Walmart’s primary U.S. business for over four years. Walmart has shifted strategies, significantly reducing spending on building new stores in favor of growing online, lowering prices and adding more services in physical stores like online grocery pickup. Last week Walmart said it has invested in its online delivery network over the past two years to speed delivery times.”

April 2, 2019

On the web

Walmart Unveils Voice-Activated, Google-Powered Grocery Shopping

Bloomberg

“Beginning this month, Walmart shoppers can add items directly to their online shopping carts by saying “Hey Google, talk to Walmart.” Information from prior purchases will help identify the correct brand and size — like whether you drink 1 percent or skim milk without having to specify, according to Tom Ward, Walmart’s senior vice president of digital operations. In a blog post Tuesday, he said customers can tweak their orders at home or from their smartphone while on the go.”

February 27, 2019

Top Post

Affirm and Walmart Announce Omnichannel Partnership

“Affirm, Inc., the financial technology company that provides transparent and consumer-friendly payment alternatives to cash and traditional credit, today announced a partnership with Walmart that will give shoppers the option of using Affirm to pay for their purchases over time at nearly 4,000 Supercenters nationwide. Walmart will begin to integrate Affirm as a payment option on Walmart.com over the coming weeks.”

February 26, 2019

On the web

The Value Chain Constraint

Stratechery by Ben Thompson

“Walmart was able to integrate wholesale purchasing with an expansive network of stores; this provided a moat of sustainably lower prices for customer driven by purchasing power over suppliers. Amazon, though, thanks to technological innovation — specifically, the Internet — was able to build a different integration in the value chain:”

February 19, 2019

On the web

December 21, 2018

On the web

November 15, 2018

On the wires

Walmart Launches Check Out With Me, a New Service Designed to Save Customers Time

Check Out with Me is expanding to every Supercenter by Black Friday – just in time for the holidays. Associates will help customers pay by simply swiping their credit card and providing them with a receipt (paper or electronic) wherever they are in the store. To make this service even more convenient, we are positioning associates in the busiest areas of the store, like the garden center, electronics or action alley.”

October 31, 2018

Top Post

Soon you’ll be able to check out at Walmart without going to the register

NBC

““Check Out With Me,” a new program announced Monday, will enable customers to pay for items directly with Walmart associates using hand-held devices and stationed around the store. The new strategy is intended to spare customers the hassle of trying to get large items like Christmas trees and televisions through long and cumbersome checkout lines, though the service “is not limited to any one particular type of item,” a spokesperson for Walmart told NBC News.”

October 29, 2018

On the web

Walmart’s test store for new technology, Sam’s Club Now, opens next week in Dallas

TechCrunch

“Walmart’s warehouse club, Sam’s Club is preparing to open the doors at a new Dallas area store that will serve as a testbed for the latest in retail technology. Specifically, the retailer will test out new concepts like mobile checkout, an Amazon Go-like camera system for inventory management, electronic shelf labels, wayfinding technology for in-store navigation, augmented reality, and artificial intelligence-infused shopping, among other things.”

October 11, 2018

On the wires

Walmart and PayPal Collaborate on Strategic Products to Help Joint Customers

“As part of this collaboration, the two companies will begin rolling out PayPal cash in and cash out money services at Walmart for an exclusive fee of $3 per service. This is the first time PayPal mobile app users will be able to take cash out of their PayPal account in a brick-and-mortar environment, in addition to being able to load cash into their PayPal balance at Walmart stores. Additionally, like PayPal mobile app users, PayPal Cash Mastercard customers can now access their cash balance using Walmart Service Desks, ATMs and cash registers for the same low, transparent fee.”

September 13, 2018

On the web

Walmart to acquire Mexico & Chile-focused grocery delivery service Cornershop for $225M

Walmart  is ramping up its grocery delivery business on the international stage with today’s announcement that it has acquired the crowdsourced, on-demand delivery marketplace Cornershop for $225 million. The rapidly growing service offers on-demand delivery from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, which will continue following the deal’s close, Walmart says.”

September 6, 2018

On the web

Walmart Changes E-Commerce System

AndNowYouKnow

“Implementing a new system, Walmart’s e-commerce strategy is in for a big change. Online shoppers may find that certain household items they wish to place in their cart will be “out of stock.” These items—considered too far away from a customer’s shipping address—will then be unavailable for purchase. The move stems from the retailer’s attempt to avoid orders with high shipping costs. Prior to this new system, Walmart would ship anything regardless of cost or distance.”

August 17, 2018

On the web

July 27, 2018

Top Post

Synchrony Lost Walmart Card Deal In Battle With Capital One

Bloomberg

Synchrony Financial said its credit-card deal with Walmart Inc. won’t be renewed and will expire next year. The largest issuer of store cards said Thursday that it’s evaluating whether to sell the $10 billion in balances or retain the portfolio and convert qualifying customers to general purpose credit cards. Capital One Financial Corp.will take over as issuer of the Walmart’s private-label and co-branded credit cards beginning Aug. 1, 2019.”

July 20, 2018

On the web

Walmart Acquiring Shopify Is No Longer A Laughable Idea

TechCrunch

“The fundamental difference between Walmart and Shopify is that the former is a marketplace while the latter is an e-commerce platform. It is hard for a seller with no distinct brand identity to differentiate herself on a marketplace unlike on a platform. As revenue channels, they are both necessary for a merchant’s omnichannel strategy. While Amazon will rule the roost in the marketplace arena for a long time to come, merchants should start betting on Shopify. This acquisition will be an opportunity for Walmart to write its story in a market that Amazon tried and quit. Shopify does not get you shoppers and Walmart does not get you the support services. As a combined entity, their value proposition becomes very compelling.”

July 12, 2018

On the web

Walmart Said To Weigh Bids From Capital One, Synchrony For Its Credit-Card Business

CNBC

Walmart has narrowed the competition for its credit card business to bids from two lenders, Capital One and its current card partner Synchrony Financial, according to a report by Bloomberg on Thursday. The retail giant wants its credit card partner to support its aspirations for Walmart Pay, with a substantial part of that being an expansion in its offering of mobile payments, the report said. Shares of Synchrony fell nearly 3 percent in trading following the report, while Capital One stock rose slightly.”

June 14, 2018

Top Post

Microsoft Reportedly Working On Rival Amazon Go Tech For Cashier-Free Stores

The Verge

“Microsoft is reportedly working on technology that could be used to power check-out free retail stores. Reuters reports that the software giant has been talking to Walmart about using the tech, which will rival Amazon’s own Go initiative. Amazon first launched its cashier-free convenience store in the company’s hometown in Seattle last year. Shoppers can simply grab items and leave, as the store is fitted with multiple camera and sensors that use computer vision algorithms to detect what items you’re taking out of the store and charged to your account.”

May 21, 2018

On the web

Walmart Looks to Blockchain for Retail Product Resales

CoinDesk

“The document, released last Thursday by the U.S. Patent and Trademark Office, outlines a blockchain ledger which would track the items that stores sell to a particular customer. It’s the latest example of an intellectual property play by Walmart, which has filed a number of related applications and has also piloted the tech for tracking food products. The proposed system would allow a customer to register the item after it’s bought for the first time. The customer would then be able to choose a price for a resale, with the system itself acting essentially as a digital marketplace, according to the application”

May 15, 2018

On the web

Walmart Just Abandoned Cashierless Checkout, And It Reveals A Huge Challenge In Its Battle With Amazon

Business Insider

“Walmart just killed an app that let shoppers scan and pay for items with their smartphones so they could skip waiting in line at checkout registers, the company confirmed to Business Insider on Tuesday. The decision to drop the app, called Scan & Go, comes just four months after the retailer announced it would expand its test of the technology to more than 100 stores.”

May 14, 2018

On the web

May 4, 2018

On the web

Walmart Seeking $15 Billion Stake in Indian E-Commerce Giant Flipkart

Wall Street Journal (Paywall)

Walmart Inc.’s WMT +0.42% battle with Amazon.com Inc. is heading to India. Walmart is near a deal to invest around $15 billion for a roughly 75% stake in Flipkart Group, India’s largest e-commerce company, according to a person familiar with the matter. It would be a big bet by Walmart that India will be a source of growth at a time when Amazon is gaining ground in the country.”

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