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 forays into telehealth for pets with Pawp tie-up

Published 05/22/2023, 02:56 PM
Updated 05/22/2023, 03:00 PM
© Reuters. FILE PHOTO: The logo of Down Jones Industrial Average stock market index listed company Walmart is shown on one of its stores in Encinitas, California April 13, 2016.  REUTERS/Mike Blake

(Reuters) - Walmart (NYSE:WMT) Inc said on Monday it has signed a deal with pet telehealth provider Pawp to offer the retailer's subscribed members access to veterinary professionals via video or text without an appointment.

Walmart+ customers can use Pawp's services for a year from Tuesday, the top U.S. retailer said, as it looks to tap growing demand for pet telehealth from inflation-hit customers looking for cheaper alternatives.

The deal also lines up with Walmart's push to compete better with Amazon (NASDAQ:AMZN) on the e-commerce turf by rolling out more services and value deals.

Pet retailer Chewy (NYSE:CHWY) and rival Petco Health and Wellness Company have also been expanding their telehealth offerings. Last year, Petco pegged the value of the pet industry at $119 billion in 2021.

CNBC first reported the news of the Walmart-Pawp deal earlier in the day.

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.