Walmart Maps Out Same-Day Grocery Delivery Strategy
BENTONVILLE, Ark. — Walmart plans to offer same-day delivery of fresh and frozen food, along with other wares, to most of the United States within five years.
Walmart E-commerce CEO Marc Lore discussed the company's e-commerce plan during the Brainstorm TECH 2017 conference, held July 16-18 in Aspen, Colo. Lore believes that Walmart's extensive network of 4,700 stores gives it the distribution points necessary to achieve this goal, reported Convenience Store News sister publication Retail Leader.
"We're playing to our strengths right now," Lore said. "Everyone is racing toward same-day delivery and I think we're set up really well."
Walmart promised investors that its U.S. e-commerce business would grow 40 percent this year, meaning a website that is only transactional won't be enough for consumers, according to Lore.
Walmart's Jet.com division recently announced that a new distribution center in New York City's Bronx borough has opened, a facility likely to handle more Walmart.com orders down the line.
Convenience Store News and Retail Leader are properties of EnsembleIQ.