The update for June news in the e-commerce industry is here! Keep an eye on these stories:
Walmart Continues to Improve Online Ordering
As Amazon and Walmart continue their head-to-head battle for e-commerce market share, Walmart has introduced a way for consumers to get their online orders more quickly than they would through shipping. Walmart associates can deliver online orders in their area during their off hours to make extra money.
While Amazon has introduced Amazon Flex and Uber has a similar offering called UberRush, these programs don’t provide the convenience that Walmart will through its new program. This strategy may take a hit on Amazon as well since the online giant doesn’t have the physical presence that Walmart does.
Amazon Lending to Marketplace Sellers
Using data it has collected on merchants selling products on Amazon.com, the company is giving loans to businesses. These loans allow merchants to buy more inventory, introduce new products, and continue to pay commissions to Amazon for warehouse storage and payment fees. Are you selling on Amazon?
Amazon Purchases Whole Foods
With one acquisition, the entire grocery industry may shift. Amazon purchased Whole Foods in a $13.7 billion deal that will give Amazon a physical presence in 431 locations to date. This unforeseen acquisition can potentially change the way consumers purchase groceries, with a same-day delivery for groceries on the table.