Walmart ecommerce CEO Marc Lore says the faster shipping will save Walmart money.
Walmart ecommerce CEO Marc Lore said the timing of the companies' announcements was mere coincidence."We had planned to make this announcement on this day many months ago," he said.
Walmart's next-day service, which applies to orders costing at least $35, is rolling out Tuesday in Phoenix and Las Vegas, Walmart said. It will be available to 75% of US shoppers by the end of the year and continue to expand next year, Walmart ecommerce CEO Marc Lore told Business Insider. Walmart hinted last month that a next-day shipping rollout was coming soon. Shortly after Amazon announced it would be speeding up Prime shipping, WalmartRead more:
The company also plans to make"aggressive investments" in automation and boxing technology at its fulfillment centers to further drive down the costs of next-day shipping, he said.
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