News
Erik Gruenwedel
April 28, 2019
The shipping delivery war took another turn after Walmart went to social media to hint it would match Amazon’s decision to switch from free two-day shipping for Prime members to one-day deliveries.
“One-day free shipping … without a membership fee. Now THAT would be groundbreaking. Stay tuned,” Walmart tweeted April 26 the day after Amazon disclosed it would spend upwards of $800 million upgrading internal and external shipping capacity for one-day shipments.
Subscribe HERE to the FREE Media Play Daily Newsletter!
Amazon charges $119 annually for its Prime membership, which includes free access to movies and TV shows on Amazon Prime Video, music on Prime Music and two-hour delivery (for a fee) for Prime Now store deliveries, among other features.
Amazon’s announcement had a ripple effect on retail stocks, sending Walmart and Target shares down 1.9% and 5.7%, respectively, in April 26 trading.
The switch is expected to put added pressure on big box retailers such as Best Buy, Office Depot and Dick’s Sporting Goods, among others.
Related Posts
Walmart Q4 Entertainment Sales Strongest of the YearWalmart Feb. 20 reported low single-digit increase in same-store entertainment sales during the fourth quarter (ended Jan. 31), driven by the winter holidays. It was the strongest entertainment quarter in the fiscal year. Walmart doesn't disclose actual revenue figures. Entertainment…
Amazon to Cut Prime Two-day Shipping to One DayAmazon created the free shipping business model over two days for Prime members. Now, the ecommerce giant plans to cut that shipping time to one day worldwide. Speaking April 25 on the fiscal call, CFO Brian Olsavsky said Amazon would…
Indie Random Media Announces Early 2018 SlateRandom Media has announced the acquisition and release dates for 12 new films in early 2018. The initial 2018 slate includes worldwide debuts bowing on a variety of platforms including DVD, streaming and video-on-demand. “We’re excited to start 2018 with…
Walmart Ups Collectibles Market PresenceWalmart is entering the lucrative collectibles market by partnering with niche merchandise providers. The retail behemoth is rolling out dedicated collectibles sections selling movie, TV show and pop culture-themed merchandise, bobbleheads, T-shirts and posters in the entertainment department of more…
