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Home Depot Say ‘Yes’ To Walmart’s GoLocal Fast Delivery Service

By John F. Heerdink, Jr.

As per reports, Walmart (WMT) has gained Home Depot (HD), as its first client for its new GoLocal fast delivery service. The service includes same-day and next-day delivery at select stores in New Mexico, Arkansas, and Texas initially, before expanding to other markets by year-end.  The items Walmart will deliver for Home Depot will be smaller items that can fit into a car, like paints, tools, and other supplies.

“This partnership brings us even closer to our goal of offering same-day or next-day delivery to 90 percent of the U.S. population,” stated Stephanie Smith, Home Depot senior vice president of the supply chain.

Walmart announced the launch of GoLocal in August as a new source of revenue it could make as a byproduct of its e-commerce infrastructure and the huge network of stores across the U.S. With the partnership Home Depot, benefits to expand its quick delivery. The company has its own e-commerce firepower, with online sales almost doubling last year, and it is investing $1.2 billion in its supply chain. Also with Walmart, which doesn’t compete all that much, can assist it with the fast delivery of smaller items.

To learn more about The Home Depot, Inc. (HD) and  Walmart (WMT) to continue to track their progress please vista Partners The Home Depot, Inc. Coverage Page. and Vista Partners Walmart Coverage Page. respectively.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Home Depot hires Walmart to help with same-day deliveries in Fortune)


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