Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Walmart axes $35 delivery minimum on website purchases for membership program

Published 12/02/2020, 12:12 AM
Updated 12/02/2020, 01:00 AM
© Reuters. People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in Tokyo

By Melissa Fares

(Reuters) - Walmart (NYSE:WMT) Inc said on Wednesday it would lift the $35 minimum order value that subscribers of its loyalty service had to meet for next-day or two-day shipping, as the retailer gears up for a holiday season dominated by online shopping.

The change, starting Friday, only applies to items on the retailer's website such as toys, appliances and clothing, the company said, adding that groceries, which are delivered from stores, will still have the $35 minimum.

Walmart Plus, touted as a rival to Amazon.com Inc (NASDAQ:AMZN)'s Prime subscription service, was launched just over two months ago aiming to attract new customers and make existing ones more loyal as consumers consolidate their shopping to just a few retailers due to the COVID-19 pandemic.

Walmart Plus costs $98 a year or $12.95 a month.

With coronavirus infections spiking across the United States, expectations have grown that Americans will do a bigger chunk of their holiday shopping from their living rooms and home offices instead of going out to stores.

"We just thought that now, in advance of the holidays, given where we are with the state of the pandemic, now is the absolute right time to have free shipping with no minimum," Janey Whiteside, chief customer officer at Walmart, told Reuters.

 

The number of online-only shoppers jumped 44% during the Thanksgiving holiday weekend in the United States, the National Retail Federation said on Tuesday.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.