Walmart teases launch of membership program as e-commerce surges

Walmart teases launch of Walmart+ membership program as e-commerce sales surge during pandemic

Walmart CEO Doug McMillon acknowledged there’s “a lot of buzz” around the service and laid out a bit of the retailer’s strategy on a Tuesday earnings call. While he didn’t say when it would launch, McMillon said the membership program will focus on the customer experience with speed, convenience and low prices. For the retailer, he said, it will strengthen relationships with shoppers. That will contribute to customer loyalty, encourage bulk purchases and provide data about their preferences, he said.

McMillon said the service will emphasize the company’s mix of merchandise beyond groceries and the popularity of its curbside pickup and delivery. It will build on Walmart’s unlimited grocery delivery membership service, which it’s tested since late last year. 

E-commerce sales in the U.S. grew by 97% in the fiscal second quarter, which ended July 31, as shoppers bought items ranging from fishing poles and TVs to groceries during the pandemic. 

McMillon said it’s variety of options, from curbside to delivery, acknowledge “the customer is ultimately in charge.”

“We’re going to have multiple ways to serve them, and those families will decide in that moment how they want to shop,” he said. “And sometimes they’ll be in the store, and sometimes they’ll do pickup, and sometimes they’ll do delivery, and many of them will buy a membership, and when they do they’ll get benefits from that.”

This content was originally published here.

E-commerce sales grew more than 30% between Q1 and Q2

August 21, 2020

Walmart Q2 earnings soar; e-commerce sales jump 97% | Chain Store Age

August 21, 2020