Walmart Partners With Instacart For Same-Day Grocery Delivery In US

What Happened

The hypermarket chain will partner with Instacart in four markets in Calfornia and Oklahoma, according to CNBC.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Instacart already has existing partnerships with retailers such as&nbsp;Aldi, Target Corporation (NYSE: TGT), Costco Wholesale Corporation (NASDAQ: COST), Kroger Co (NYSE: KR), and Walmart’s Sam’s Club.&nbsp;” data-reactid=”22″>Instacart already has existing partnerships with retailers such as Aldi, Target Corporation (NYSE: TGT), Costco Wholesale Corporation (NASDAQ: COST), Kroger Co (NYSE: KR), and Walmart’s Sam’s Club. 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The move is anticipated to help Walmart compete with&nbsp;Amazon.com, Inc’s (NASDAQ: AMZN) delivery services such as Amazon Fresh and Amazon Prime and its Whole Foods stores.” data-reactid=”27″>The move is anticipated to help Walmart compete with Amazon.com, Inc’s (NASDAQ: AMZN) delivery services such as Amazon Fresh and Amazon Prime and its Whole Foods stores.

Why It Matters

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Amazon CEO Jeff Bezos acknowledged the rising competition from companies like Shopify Inc.&nbsp;(NYSE: SHOP) and Instacart in front of the House Judiciary Committee in an antitrust hearing last month, CNBC noted.&nbsp;” data-reactid=”29″>Amazon CEO Jeff Bezos acknowledged the rising competition from companies like Shopify Inc. (NYSE: SHOP) and Instacart in front of the House Judiciary Committee in an antitrust hearing last month, CNBC noted. 

The world’s richest person said such companies “enable traditionally physical stores to put up a full online store almost instantaneously and to deliver products directly to customers in new and innovative ways.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Walmart earlier this year started offering its customers a premium membership similar to Amazon Prime in an effort to match up to the e-commerce giant as customers increasingly go online for their daily needs.” data-reactid=”31″>Walmart earlier this year started offering its customers a premium membership similar to Amazon Prime in an effort to match up to the e-commerce giant as customers increasingly go online for their daily needs.

Price Action 

Walmart shares closed 1.27% lower at $130.20 on Tuesday, and added 0.2% in the after-hours session.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Photo courtesy: Walmart, via Fickr” data-reactid=”34″>Photo courtesy: Walmart, via Fickr

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