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 âone of the expectationsâ 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.