While Amazon is busy plowing money into making free Prime one-day shipping the new norm, results from its rivals Walmart and Target suggest their much-larger brick-and-mortar store fleets are proving to be key weapons against the online giant
Share to twitterTarget shares hit a record high Wednesday after initiatives such as loading customers' online orders in their cars help to drive better-than-expected results. , results from its rivals Walmart and Target suggest their much-larger brick-and-mortar store fleets are proving to be key weapons against the online giant.
Those three alternatives together have more than doubled their sales in the last year, to more than a third of Target’s online total, from 20% a year earlier, Target chief operating officer John Mulligan said on a conference call Wednesday. They also solve a big pain point increasingly facing the online economy. “It eliminates the need to deal with opening and recycling a stack of cardboard boxes every week,” Mulligan said.
According to Gordon Haskett analyst Chuck Grom, Target’s same-day fulfillment options cost nearly 90% less than fulfilling orders from a distribution center. Shipping online orders from stores also cost about half of doing that from a distribution center, he said in a report Wednesday.Target, which has more than 1,800 locations, has also been remodeling stores and is doubling down on its own line of stores brands to differentiate its merchandise and lure customer traffic.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Target Is Selling Matching Halloween Pajamas for the Whole Fam — Including Your PupLOL these are amazing. 🎃
Read more »
Italy's 2020 deficit on track to be well below target: ministerItaly's deficit for next year is on track to be well below target with publ...
Read more »
As alleged $46M online-dating scam shows, lonely-hearts are the biggest target for scam artists in AmericaThese online romance scams are '‘hacking’ the victim’s emotions' -- to the tune of $143 million lost in dating-related fraud last year.
Read more »
Katy Perry & Orlando Bloom Pack on PDA at Carnival Row PremiereThe couple shared a sweet kiss while walking the red carpet for his new Amazon show
Read more »
Tesla short David Einhorn says Elon Musk should resign over solar panel firesOn Tuesday, Walmart filed suit against Tesla alleging its solar panels had caused fires in seven of its stores.
Read more »
Global worry over Amazon fires escalates; Bolsonaro defiantAmid global concern about raging Amazon fires, Brazil's government says it was the target of a smear campaign by critics who contend President Jair Bolsonaro is not doing enough to curb widespread deforestation.
Read more »