U.S. Markets open in 2 hrs 29 mins
  • S&P Futures

    4,570.25
    -5.50 (-0.12%)
     
  • Dow Futures

    34,591.00
    -31.00 (-0.09%)
     
  • Nasdaq Futures

    15,974.50
    -14.00 (-0.09%)
     
  • Russell 2000 Futures

    2,201.60
    -3.60 (-0.16%)
     
  • Crude Oil

    68.16
    +1.66 (+2.50%)
     
  • Gold

    1,772.10
    +9.40 (+0.53%)
     
  • Silver

    22.32
    -0.00 (-0.00%)
     
  • EUR/USD

    1.1313
    +0.0008 (+0.0679%)
     
  • 10-Yr Bond

    1.4480
    0.0000 (0.00%)
     
  • Vix

    27.81
    -3.31 (-10.64%)
     
  • GBP/USD

    1.3275
    -0.0027 (-0.2058%)
     
  • USD/JPY

    113.3300
    +0.1210 (+0.1069%)
     
  • BTC-USD

    57,080.11
    +685.33 (+1.22%)
     
  • CMC Crypto 200

    1,457.67
    +18.79 (+1.31%)
     
  • FTSE 100

    7,146.18
    +16.97 (+0.24%)
     
  • Nikkei 225

    28,029.57
    +276.20 (+1.00%)
     

Walmart Looks to Thwart Amazon With New Third-Party Delivery Service

·4 min read
Walmart Looks to Thwart Amazon With New Third-Party Delivery Service
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Hoping to diversify and develop new revenue streams, mega-retailer Walmart (NYSE: WMT), which posted some $40 billion in sales last year, is using that massive scale to launch a new delivery service for small businesses called Walmart GoLocal. Having crushed many smaller retailers by undercutting them on price and selection, Walmart is now looking to help them ahead of what's sure to be a busy Christmas season. It's hardly an altruistic effort because the mega-retailer sees the potential to encroach on the lucrative last-mile market dominated by its archrival, Amazon.com (NASDAQ: AMZN).