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Business Wire 27-Aug-2024 5:00 PM
Building More Than a Marketplace:
Walmart leaders unveiled several initiatives today to thousands of sellers attending Let's Grow! 2024 Walmart Marketplace Seller Summit. Notable announcements from the summit include category expansion, multichannel fulfillment and new features that simplify selling across markets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827021499/en/
The main stage of the Let's Grow! 2024 Walmart Marketplace Seller Summit in San Francisco's Moscone Center. (Photo: Business Wire)
Walmart Marketplace, one of the fastest-growing eCommerce platforms, continues to invest in capabilities and solutions to fuel seller success and offer customers an endless aisle of items they need, want and love.
"We're executing strategic priorities at Walmart that are helping us to become the customers' first choice – every day, every season, for every item. Walmart Marketplace is a key component of that mission," said Tom Ward, executive vice president and chief eCommerce officer, Walmart U.S. "We know the importance of personalized, seamless omnichannel experiences, and Walmart continues to advance its digital and fulfillment capabilities, including the new categories and features we announced today, that enhance the overall customer and seller experience on Walmart.com."
Walmart Marketplace has achieved more than 30% sales growth in each of the past four quarters and is significantly driving the retailer's sustained eCommerce success. Walmart's global eCommerce sales surpassed $100 billion last year, and its U.S. eCommerce business has delivered double digit growth for six consecutive quarters. The sustained momentum stems from innovative customer experiences and an omnichannel assortment that is increasing as more independent sellers choose Walmart as a smart path for growth. The number of sellers listing items on Walmart.com grew 20% last fiscal year.
Premium Beauty, Pre-owned and Collectibles To offer more selection for customers and more opportunities for sellers, Walmart is growing its Marketplace assortment by adding Premium Beauty and expanding its range of Collectibles and pre-owned merchandise.
Supercenters and Super Sellers: Unmatched Omnichannel Experiences The combination of Walmart's digital and physical channels is a force multiplier for Walmart Marketplace. No other marketplace can offer Walmart's broad customer reach, physical proximity and seamless integration of digital and physical convenience.
Earlier this year, Walmart connected Marketplace tire sellers with its Auto Care Centers at 2,300 Walmart Supercenters. Customers can now order eligible tires from sellers online and have them shipped to a local Supercenter for easy installation. Additionally, more than 4,600 Walmart stores nationwide accept Marketplace returns.
Walmart previewed Walmart LocalFinds to further bridge the gap between online and offline shopping with direct pickup and delivery from sellers' physical stores. It introduces a new way for customers to discover sellers' merchandise in their vicinities. Paired with Walmart's last mile delivery network, Walmart LocalFinds will enable speedy deliveries and connect shoppers with local businesses through Walmart's digital channels. It launches this fall in Atlanta and Dallas, with other cities to follow. 1-800-Flowers.com Inc., a leading provider of online floral and gifts, is the first nationwide seller to participate. It will offer hundreds of local stores the opportunity to join Walmart LocalFinds as it rolls out to their towns.
Unboxing New Fulfillment Solutions Walmart continues to leverage its next-generation supply chain and advanced technology to simplify and streamline fulfillment for sellers at some of the lowest rates in the industry. Walmart Fulfillment Services (WFS) is announcing new ways for sellers to quickly move merchandise across markets and use Walmart to fulfill any eCommerce retail order.
Walmart is also opening its carrier network to sellers for full truckload shipments. Sellers using the Walmart Preferred Carrier program through WFS can now choose to ship a few items or an entire truckload at special rates through carriers vetted by Walmart.
Heading into Holiday with New Seller Solutions Walmart is enabling several solutions and perks for sellers to support their Holiday readiness. Last year, Walmart Marketplace achieved its two biggest sales days ever during the Holiday selling season as millions of customers shopped Walmart.com. The investments and hundreds of enhancements shaped by listening to sellers include:
"Sellers are looking for a smart path for growth," said Manish Joneja, senior vice president, Walmart Marketplace and Walmart Fulfillment Services. "We're bringing all the pieces together to be much more than a marketplace and investing in new ways for sellers to serve customers as we grow together."
For more information, contact rebecca.thomason@walmart.com.
About Walmart Walmart Inc. (NYSE:WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better — anytime and anywhere — in stores, online, and through their mobile devices. Each week, approximately 255 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X (formerly known as Twitter) at twitter.com/walmart, and on LinkedIn at linkedin.com/company/walmart.
1 Fulfillment cost per item, on average. Walmart first-party data, January 2024-June 2024. 2 Conditions apply. Sellers must inbound their inventory to WFS fulfillment centers by Sept 30. Peak season is 10/1 – 12/31 and storage fees are $1.50 above regular pricing for units stored more than 30 days. Storage costs will be automatically adjusted for the duration of the promotion.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240827021499/en/