In this file:

 

·         Walmart will test grocery deliveries to a smart cooler on customers’ doorstep

·         Walmart to create fintech start-up with investment firm behind Robinhood

 

 

 

Walmart will test grocery deliveries to a smart cooler on customers’ doorstep

 

o   Walmart will test grocery deliveries to a smart cooler that’s placed outside of customers’ homes.

o   It is the largest grocer in the U.S. and it has made free, unlimited grocery deliveries a central perk of its new subscription-based service, Walmart+.

o   During the pandemic, customers have looked for convenient and contact-free ways to stock their pantries and fridges like home delivery and curbside pickup.

 

Melissa Repko, CNBC

Jan 12 2021

 

Walmart already drops off groceries to customers’ doors and in some cities, it puts them directly inside of their refrigerator. The company said Tuesday that it will soon test another convenient approach: Deliveries to a smart cooler on customers’ front porch or near their doorstep.

 

Starting in the spring, the big-box retailer said it will kick off a pilot in its hometown of Bentonville, Arkansas. It will provide participating customers with a temperature-controlled smart cooler that’s called a HomeValet. The cooler will be placed outside of their home, allowing for secure and contact-free grocery deliveries around the clock.

 

“The prospect of this technology is intriguing, both for customers and for Walmart’s last mile delivery efforts,” said Walmart U.S. Senior Vice President of Customer Product Tom Ward in a post on the company’s website. “For customers, they don’t need to plan their day around when their grocery delivery will be made. For Walmart, it presents an opportunity to deliver items 24 hours a day, seven days a week.”

 

He said the retailer doesn’t yet have plans for 24-7 deliveries, however.

 

Walmart is the largest grocer in the U.S. and it has made free, unlimited grocery deliveries a central perk of its new subscription-based service, Walmart+. The service, which launched in September, costs $98 a year or $12.95 a month compared with Amazon Prime, which costs $119 a year or $12.99 a month. It includes other perks, such as fuel discounts and access to a smartphone app that allows shoppers to skip the checkout line.

 

The retail giant launched its grocery delivery service in 2018. During the pandemic, Walmart and other retailers have seen online grocery shopping gain popularity as customers look for convenient and contact-free ways to stock their pantries and fridges from home deliveries through last-mile services like Instacart to curbside pickup outside of a retailer’s store.

 

Even before the global health crisis, Walmart experimented with new grocery delivery options. In 2019, it launched a membership program called InHome grocery delivery in select cities that puts fresh fruit, meats and other groceries directly into customers’ fridges for $19.95 per month. It requires additional security measures, including a smart door lock kit or smart garage door kit at shoppers’ homes and a background check and additional training for employees.

 

The service is still operating in select cities:

 

more, including links

https://www.cnbc.com/2021/01/12/walmart-will-test-grocery-deliveries-to-customers-homes.html

 

 

Walmart to create fintech start-up with investment firm behind Robinhood

 

o   Walmart said Monday that it will launch a fintech start-up with Ribbit Capital, one of the investment firms behind Robinhood.

o   The retail giant interacts with millions of customers – including some who don’t have a relationship with a bank or a financial advisor.

o   “For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their financial needs,” John Furner, CEO of Walmart U.S., said in a news release. “And they’ve made it clear they want more from us in the financial services arena.”

 

Melissa Repko, CNBC

Jan 11 2021

 

Walmart said Monday that it’s creating a fintech start-up with Ribbit Capital, one of the venture capital firms behind Robinhood.

 

The big-box retailer did not share the name of the new company or say when its services will be available. It said it will develop unique and affordable financial products for Walmart employees and customers.

 

Shares of Walmart were up 1.5% on the news in after-hours trading Monday. Walmart’s market cap is $416.7 billion.

 

The fintech start-up will be majority-owned by Walmart and its board will include several company executives, including Chief Financial Officer Brett Biggs and Walmart U.S. CEO John Furner. Walmart said it will also name independent industry experts to the board and may acquire or partner with other fintech companies.

 

“For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their financial needs,” Furner said in a news release. “And they’ve made it clear they want more from us in the financial services arena.”

 

With more than 4,700 stores across the country, Walmart interacts with millions of customers each year – including some who don’t have a relationship with a bank or a financial advisor.

 

Six percent of adults don’t have a checking, savings or money market account, according to the Federal Reserve. About 16% are “underbanked"...

 

more, including links

https://www.cnbc.com/2021/01/11/walmart-to-create-fintech-start-up-with-investment-firm-behind-robinhood.html