Walmart beefs up its third-party marketplace as it challenges bigger online rival Amazon
Publishing timestamp: 2023-10-18 07:00:01
Summary
Walmart is focusing on its third-party online marketplace to boost holiday sales. The company is trying to recruit and retain independent sellers to fill its virtual shelves with a wide range of products. Walmart's e-commerce business has seen growth in online sales, while other major retailers have reported declines. The company is leveraging its physical stores as mini warehouses to fulfill online orders and is looking to expand its marketplace items in-store. Walmart's marketplace is seen as a potential competitor to Amazon's marketplace.
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Keywords: retail industry, ebay inc, etsy inc, walmart inc, business, macy's inc, amazon.com inc, business news, breaking news: business, target corp, solo brands inc,
Source: https://www.cnbc.com/2023/10/18/walmart-beefs-up-online-marketplace-in-amazon-challenge.html