Wal-Mart has been in the news quite a bit recently. From an e-commerce perspective, it is making big moves into this arena.
Below are some important highlights to note about Wal-Mart:
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Wal-Mart is experiencing steady growth. As reported by The Motley Fool, the revenue of Wal-Mart during the first quarter (ending on April 30) came in at $119 billion — a 4% increase. U.S. Wal-Mart stores delivered a 1% increase in comparable-store sales on the back of a 1.5% increase in traffic during the first quarter. This has been the seventh straight quarter of positive comparable sales, and the sixth straight quarter of positive comparable traffic.
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As reported by Engadget, Wal-Mart is investing in modern technology, such as the use drones in its warehouses.
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Wal-Mart plans to test Grocery Delivery Through Uber and Lyft. Shoppers will pay a $7-to-$10 delivery charge to Wal-Mart to have the groceries brought to their door. It seems like a very aggressive and direct competition for Amazon Fresh and JET Fresh Food delivery services.
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Earlier this year, Wal-Mart introduced Wal-Mart Marketplace API, allowing merchants to register to become a partner. Once approved, third-party merchant are approved to start selling their products on Wal-Mart.com. It is still a very new initiative, but it means more competition for Amazon, JET, Ebay and other e-commerce sites. This is yet another marketplace for merchants to sell on. Now is a good time to register to sell on Wal-Mart.com. We are proud to announce that GeekSeller will soon offer merchant integration for this new marketplace. For more details, please contact us at support@geekseller.com.
