Delivery & Pickup Drive 24% eCommerce Gains At Walmart
Save Mart + DoorDash, Stride adds Shipt & Care.com, top delivery aggregators
If there’s one financial report worth looking at, it’s Walmart’s! The world’s largest company by revenue, WMT’s showing some real strengths in delivery and pickup, even if it’s tempering outlook for the rest of the year. Meanwhile, DoorDash added a new grocery partner, Shipt has a new healthcare tool for gig workers, and there’s a new ranking of top delivery aggregators. Read on!
Today:
Delivery & Pickup Shine in Walmart’s Q3
Save Mart Adds DoorDash to Long List of Partners
Chart Time | Top Delivery Aggregators Worldwide
Shipt, Care.com Add Stride Health Benefits
FINANCE | Walmart Delivery Surges, But Will It Last?
Walmart dropped a big Q3, with 5.2% revenue growth (4.3% constant currency,) hitting $160.8 billion for the quarter. The Bentonville big-boxer’s ecommercification continues, with pickup and delivery sales surging — digital sales were up 15% globally and 24% in the U.S. And just like Instacart and all the platforms, advertising is growing ever more important as a revenue driver — Walmart Connect revenue was up 26%, global ad sales rose 20%.
The Big Picture: Looking ahead, Walmart’s predicting a bit more of a mixed bag. On the positive side, its Indian subsidiary Flipkart should do well in Q4, as its Prime Day-like “Big Billion Days” moved from Q3 to Q4 this year, meaning that surge in sales won’t show up until the next report. Company CFO John Rainey noted that sales seemed to soften in late October, and now “sales have been somewhat uneven, and this gives us reason to think slightly more cautiously about the consumer versus 90 days ago.” That was enough to send the stock tumbling about 7% for the day thus far. (See our Walmart Q2 coverage here.)
3PD | The Save Mart Cos Go Live on DoorDash
Central / Northern California and Western Nevada shoppers have a new grocery delivery option, as The Save Mart Companies’ suite of supermarkets has gone live on DoorDash. The Save Mart Cos operate approximately 200 stores under the Lucky, FoodMaxx and Save Mart banners, making it the nation’s 52nd largest food retailer. The two companies are celebrating the partnership with a 30% off delivery promo that’s sure to make a few Thanksgiving shoppers smile.
The Big Picture: Save Mart is really playing the field with grocery delivery. Not only does it have a longstanding Instacart presence, it partnered with Uber Eats in September and Amazon just a few days ago. The company has also dabbled with automation and quick commerce — it turned a closed market into a robot-powered micro-fulfillment dark store, dubbed Lucky Now, in concert with DoorDash and Fulfil Solutions. Seems like we’ve entered the “tablet hell” phase of multi-solution grocery delivery?
CHART TIME | Top Delivery Aggregators
PYMNTS has updated its monthly delivery aggregator rankings, and Talabat is the new champion, rocketing up eight spots. Deliveroo also jumped four positions, while DoorDash dropped seven. Postmates, Gopuff and Favor made their first apperances on the rankings, which look at channel coverage, up-to-date downloads, monthly average users, and sessions per user / average session length.
POLICY | Stride Partners with Shipt, Care.com for Health Coverage
Ahh, it’s the most American of holidays — Health Insurance Open Enrollment Season! (Explain that concept to a European and watch them burst into tears…) Independent worker benefits platform Stride has two big new partnerships, as marketplaces race to offer new treats to keep gig workers engaged. The first partnership is with Shipt, the Target-owned delivery platform, and the second is the expansion of a 2016 engagement with Care.com, IAC’s family care marketplace. Now workers on both platforms will have an easier way to enroll in health, dental and vision insurance.
The Big Picture: Health care coverage is a major concern for many gig workers, with 55% of surveyed workers reporting being concerned about the financial expense of healthcare and another 35% feeling overwhelmed by the process of finding insurance. By making access to insurance easier and more obvious, many of these workers could in fact enroll at no cost to themselves: 45% of surveyed gig workers surveyed reported paying $0 on premiums thanks to tax credits, while another 27% reported paying between just $1 to $100 per family member for insurance.
A Few Good Links
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