Walmart Brings Next-Day Shipping For Third-Party Orders In New York, Chicago, Los Angeles, Other Top US Cities: Report

Walmart Inc. (WMT) on Tuesday reportedly announced the launch of next-day shipping for third-party orders in a slew of top U.S. cities, including New York, Chicago, and Los Angeles.

According to a Bloomberg report, Walmart will initially begin these faster deliveries with some of the most popular items on the e-commerce platform. The company plans to expand the next-day delivery option to other areas subsequently, the report added.

Walmart’s shares edged lower by 0.18% during Tuesday morning’s trade. Retail sentiment on Stocktwits around the company was in the ‘extremely bullish’ territory.

This new service from Walmart comes at a time when the company is increasing its focus on the e-commerce side of its operations as it looks to compete better with Amazon.com Inc. (AMZN).

Manish Joneja, senior vice president of Walmart U.S. marketplace and fulfillment services, said in an interview with Bloomberg that the company’s goal is “to deliver the speed that customers expect.” The report added that Walmart is beefing up its merchandise and onboarding more sellers.

Walmart’s next-day shipping announcement comes on the heels of its ongoing summit with marketplace sellers, where the company is spreading awareness on how to reach customers across markets and take advantage of solutions the retail giant has built for sellers.

The report added that Walmart will also sell third-party products in some of its stores, with the pilot set to kick off with its Cypress, Texas outlet. 

WMT stock is up 6% year-to-date and 26% over the past 12 months.

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