Tom Ward, chief e-commerce officer for Walmart U.S., said the company's app and website have a fresh look, its fulfillment centers and stores have automation that's helping power more late-night and last-minute deliveries and its growing marketplace has helped create an "endless aisle" of electronics, toys and groceries to give customers a reason to return. As shoppers at many stores, including Walmart's own, skipped over discretionary purchases, Walmart's third-party marketplace saw sales in some discretionary categories such as home and apparel rise by double digits in the most recent fiscal quarter. rose sharply the past two fiscal quarters, even as other major retailers such as Macy's and Target reported declines. There are signs Walmart's growing third-party marketplace could help the company defy slower spending patterns and capitalize on inflation-wary shoppers. Standard Chartered-owned crypto firm Zodia launches in Hong Kong The event coincided with Amazon's Prime Big Deals Days event, but there were no comparisons available. More than half the items included in Walmart's sales event last week, which kicked off the season, were from its third-party marketplace. Already, the company is using the third-party marketplace to try to drum up early business. This holiday season will put Walmart's e-commerce strategy to the test. It is leaning into a moment when inflation has pushed more high-income shoppers to its stores and website. It is also working to coax those sellers into paying Walmart to pack and ship - and even advertise - their products. Our team is here to serve you."Īs Walmart heads into the retail industry's most important season, the company is trying to recruit and retain hundreds of thousands of independent sellers that fill the company's virtual shelves with items ranging from lip gloss to Rolex watches. "We want you to bring great items to our marketplace. "We hope you'll choose to grow with us," the CEO told the more than 1,500 attendees, invoking the memory of company founder Sam Walton, who was at one time a small-town entrepreneur. Get Connecticut local news, weather forecasts and entertainment stories to your inbox.
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