Walmart (NYSE: WMT) fires the last block of the all-out supply war in retail.
"One-day free shipping … without a membership fee. Now it would be groundbreaking., tweeted retail giant yesterday after the market close.
Walmart dream follows the Amazon (NASDAQ: AMZN) disclosure during the earnings call that it plans to roll out a day's Prime freight this year through what is expected to be a heavy investment in the company's internal delivery infrastructure.
Amazon's announcement of Target shares (NYSE: TGT) dropped 5.7% on Friday And Walmart 1
Amazon and Walmart's willingness to invest heavily in a day's shipping can also increase the pressure on other retailers such as Macy's (NYSE: M), Nordstrom (NYSE: JWN), Best Buy (NYSE: BBY), Office Depot (NASDAQ) : ODP) and Dick's Sports Goods (NYSE: DKS) continue.
Formerly: Amazon's core Prime gets a d ags freight – earning calls (25. April)
Formerly: Retail sector rattled by Amazon shipping move (April 26)