How Walmart Is Betting Big On Stores To Catch Amazon In E-commerce. Watch this Video to get a complete understanding.
Based on CNBC Report, to compete with Amazon, Walmart is propelling its e-commerce business based on two key advantages :
- Its roughly 4,700 stores across the United States
- And its dominance in the grocery business.
Since ninety percent of Americans live within 10 miles of a Walmart store, using stores as micro-fulfillment centers is helping Walmart expand programs like drone delivery and InHome delivery straight into customer refrigerators. The company is the largest grocer in the U.S. by revenue. Walmart wants to expand its assortment of merchandise, improve the customer experience and increase the density of delivery routes to turn e-commerce into a bigger business.
Walmart employs more people than any other company in the world and is the country’s largest grocer. But when it comes to e-commerce, Amazon is the clear leader, with 39.5% of the market share compared to Walmart’s 7%.
Now Walmart has ambitious new plans, and new leadership, to try and catch up. CNBC got an exclusive interview with Walmart’s new e-commerce chief Tom Ward to hear how it plans to leverage its 4,700+ U.S. stores to entice sellers to Walmart and speed up local delivery.
