Walmart + members get a holiday shopping benefit


In today’s top retail news, Walmart is broadcasting its Black Friday deals again this year and giving Walmart + members early access, while e-commerce-focused Saks plans to become public from next year. In addition, consumers are increasingly demanding faster delivery times for online orders, and UK-based online used car dealer Cazoo is entering the commercial vehicle business.

Walmart + members get early access to Black Friday deals

Walmart is bringing back its Black Friday Deals for Days promotion, spreading discounts that are typically limited to one day across events throughout the month of November. This year, Walmart + members will have early access to Black Friday Deals for Days, with the ability to shop four hours earlier than non-members for all three special events.

Saks eCommerce IPO plans show the appeal of the digital shift in retail

Saks, the e-commerce-focused spin-off from Saks Fifth Avenue, is considering a public offering that could take place as early as next year, with a valuation that could exceed $ 6 billion. This valuation would come as sales of these e-commerce operations have exceeded $ 1 billion, measured on an annual basis. When Saks went private last year, the entire company was valued at around $ 1.5 billion; the Saks.com spin-off in March was valued at $ 2 billion.

Two-hour delivery becomes “one of the expectations” of consumers

Ben Jones, founder and CEO of ecommerce fulfillment platform Ohi, told PYMNTS that Amazon, Walmart and other huge online marketplaces are absorbing more consumer spending and offering faster delivery options. , he sees an increasing expectation for delivery within hours, not days. Almost 20% of consumers shop in stores using online delivery aggregators like Instacart more often than they were last year, according to a PYMNTS study.

Cazoo expands to commercial vehicles with acquisition of Vans365

UK-based online used car dealer Cazoo has agreed to acquire Vans365 in a deal that expands the company’s reach into commercial vehicles. Vans365 has its own in-house technicians and customer service representatives in Bristol, UK, and buys and sells hundreds of vans every month.

——————————

NEW PYMNTS DATA: DIGITAL BANKING STUDY – THE BATTLE OF BREWING FOR WHERE WE WILL BANK

On: Forty-seven percent of U.S. consumers avoid digital-only banks due to data security concerns, despite considerable interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can boost privacy and security while providing convenient services to meet this unmet demand.

About Nicole Harmon

Check Also

SoftWorks AI goes TRUE and meets the need for loan intelligence –

The new name truly reflects the company’s ability to make decisions faster and reduce lending …

Leave a Reply

Your email address will not be published.