DIRS.INFO The most relevant business & tech news

☆ One of Walmart's big bets is paying off in its retail battle against Amazon, analysts say
▼ + stars: | 2024-10-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Walmart's logistics business is pressuring Amazon's own, according to Wells Fargo analysts. But Amazon "is no longer the only scaled marketplace in North America," Wells Fargo analysts led by Ken Gawrelski wrote in a research note on Monday. They pointed to Walmart's announcement in August, for instance, that third-party sellers would be able to use Walmart's fulfillment network for orders placed outside of Walmart's website. The analysts cited the pressure from Walmart's fulfillment business as just one of the challenges facing Amazon's income. Amazon's stock slid more than 3% on Monday to about $180.50 after the Wells Fargo analysts published their note.

Persons: Amazon's, Wells, Wells Fargo, —, Ken Gawrelski, Gawrelski Organizations: Walmart, Service, Amazon, Wells, Amazon Web Services Locations: North America, Walmart's

☆ Sweet & Sour: Here’s why Valentine’s Day candy is so expensive
▼ + stars: | 2024-02-13 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +4 min

For example, she said a Valentine’s Day-themed heart-shaped box of Sour Patch Kids candy (3.45 oz) was listed on Walmart.com for $3.96 ($1.15 oz), while a regular box of the candy (3.5 oz) costs $1.24 ($0.35/oz). Walmart said it was looking into the price differences, but said some of the Valentine’s Day candy items on its website are listed by third-party sellers on Walmart marketplace. A Walmart supercenter in New Jersey visted by CNN also had the heart-shaped Sour Patch Kids candy box for $3.96 on the shelf. Some Sour Patch Kids Valentine's Day editions cost much more than the regular versions of the candy for roughly the same quantity. “Buy the candy after Valentine’s Day when it’s heavily discounted or buy the regular cheaper version of the candy and package it yourself,” he said.

Persons: don’t, Jolly, Veronica Fletcher, Fletcher, Goldbears, ”, Edgar Dworsky, “, John Talbott, ” Talbott, it’s Organizations: New, New York CNN, Walmart, Bears, CNN, New Jersey visted, CVS, Center for Education, Research, Indiana University’s Kelley School of Business Locations: New York, New York City, New Jersey, Massachusetts, Retail

☆ Walmart ramps up efforts to grow third-party marketplace with Las Vegas event, new perks
▼ + stars: | 2023-08-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. LAS VEGAS — Walmart is looking for new ways to woo sellers to its third-party marketplace, as it pushes to drive more online sales and close a wide gap with rival Amazon . Walmart also hired another Amazon veteran, Jare' Buckley-Cox, as vice president of Walmart Fulfillment Services. Walmart is the nation's largest retailer, but it lags far behind Amazon in online market share and e-commerce sales. Walmart's annual online sales were less than one-fifth of Amazon's last year, according to Insider Intelligence.

Persons: Doug McMillon, Manish Joneja, Sellers, Jare, Buckley, Cox, John David Rainey, Amazon's Organizations: Walmart, LAS, Amazon, Wednesday, Walmart Marketplace, Joneja, eBay, Intelligence Locations: Chile, North America, U.S

☆ Even Walmart needs a side hustle. Here are 4 other ways the store chain makes its money – besides selling merchandise.
▼ + stars: | 2023-04-09 | by ( Ben Tobin | ) www.businessinsider.com time to read: +5 min

WalmartLike Walmart Connect, Walmart Luminate — a data monetization platform — has grown in spades since its launch in October 2021. Walmart has been working hard to increase its number of sellers on Walmart Marketplace. Walmart GoLocal launched in 2021. By the end of 2022, Walmart GoLocal delivered from more than 5,000 business and retail locations. "Through Walmart GoLocal, any merchant from national retailers to small town shops can use Walmart's growing delivery platform to power their local delivery efforts.

☆ Walmart's new website design might look familiar to Amazon users
▼ + stars: | 2023-04-03 | by ( Ben Tobin | ) www.businessinsider.com time to read: +3 min

The redesign offers a "product-focused experience," according to Walmart's e-commerce lead. Walmart's new website and app represent its latest move to try to gain ground on rival Amazon. At the end of the company's second quarter in 2020, it reported e-commerce year-over-year sales growth of 97%. For comparison, Walmart's e-commerce sales grew a healthy, but not as remarkable, 17% year-over-year in the most recent quarter. What do you think of Walmart's redesign?

☆ Walmart is laying off 1,500 workers, transforming a warehouse as it tries to compete with Amazon's marketplace
▼ + stars: | 2022-10-11 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

Walmart is letting go of nearly 1,500 workers at one of its fulfillment centers in the Atlanta area, with the company repurposing the e-commerce facility to support third-party sellers. A Walmart blog post published on Monday said the company will turn the fulfillment center into "a dedicated facility supporting our growing Walmart Fulfillment Services (WFS) business." The company launched Walmart Fulfillment Services in 2020 to allow third-party-marketplace sellers to ship and store products using the retailer's warehouses. For comparison, Amazon said it has nearly 2 million third-party sellers on its marketplace. Yarbrough said Walmart may convert more fulfillment centers to focus on WFS as the company attracts more third-party sellers to its marketplace.

Search resuls for: "Walmart Marketplace"

6 mentions found