How Much Would You Pay for Unlimited Grocery Deliveries?
Walmart's (NYSE: WMT) second-quarter earnings report last week shows just how important online grocery shopping is becoming for the retail behemoth, as U.S. sales and same-store sales grew during the period because of it.
CEO Doug McMillon told analysts on the earnings conference call, "As we scaled grocery pickup in the U.S., it unlocked new capabilities like grocery delivery."
He pointed out that Walmart is attacking groceries from every direction, with the retailer not only offering its vaunted buy online, pickup in store service, but also pickup towers and lockers; a new InHome delivery program launching this fall where delivery employees will put your perishable groceries away in the refrigerator for you; free one-day delivery for orders over $35; and now its newest option, unlimited grocery delivery service where orders over $30 will be delivered for $98 a year.
Source Fool.com
