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Walmart’s Launches Walmart GoLocal A ‘New Delivery As A Service’ Business Diversifying Its Revenue Streams

By John F. Heerdink, Jr.

Reportedly, Walmart Stores, Inc. (WMT) announced the launch of its new line of business, Walmart GoLocal, extending its expertise in delivering goods to customers from businesses of all sizes. The service will help businesses to grow using Walmart’s delivery capabilities and nationwide coverage at competitive pricing, including delivery on a range of assortment, including those with size and complex requirements, as well as the flexibility to meet varying timelines.

Walmart GoLocal has already entered a number of contractual agreements with national and enterprise retail clients and is currently accepting select new merchant partners at www.walmart.com/GoLocal.

“In an era where customers have come to expect speed and reliability, it’s more important than ever for businesses to work with a service provider that understands a merchant’s needs. Walmart has spent years building and scaling commerce capabilities that support our network of more than 4,700 stores and we look forward to helping other businesses have access to the same reliable, quality and low-cost services,” stated John Furner, president, and CEO, Walmart U.S.

Walmart GoLocal is an extension of the retailer’s proven ability to execute delivery capabilities at scale with efficiency. In just three years, Walmart has launched and scaled delivery and Express delivery for its customers on 160,000+ items from more than 3,000 stores, serving nearly 70% of the U.S. population and growing using its existing delivery network, with autonomous vehicles, drones, and market fulfillment centers. 

The launch marks an integral part of the company’s overall strategy, which includes diversifying its revenue streams and profit pools with initiatives like Walmart Fulfillment Services, and Walmart Connect.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

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: Walmart Launches Walmart GoLocal, a New Delivery as a Service Business in Business Wire)


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