Walmart and Postmates have teamed up to delivery groceries in Charlotte, N.C., with the aim of expanding Walmart's grocery delivery service to include 40% of U.S. households.
The pilot partnership is the latest move in the race to control online grocery shopping and delivery. The e-commerce giant Amazon led the charge last year when it purchased the grocery chain Whole Foods in December.
The new deal with Postmates will enable Walmart to overcome logistical hurdles that make local delivery difficult, said Dan Mosher, Postmate's senior vice president and merchant lead.
The delivery company has 160,000 couriers delivering products for 270,000 business in the U.S. and Mexico City.
Mosher said Monday in an interview on Cheddar that Walmart's position as one of the largest and most popular grocery stores in the United States made it an attractive partner for Postmates, which is fighting off challenges from well-funded delivery rivals.
One of the most vexing issues for retailers ー even the behemoth Walmart ー has been figuring out the proper logistics for the "last mile" of delivery, said Mosher.
Postmates is well positioned to help Walmart, he said, by relying on the delivery company's fleet of couriers and "an algorithm that is improving every day."
"We're doing things like batching orders and this is something that Walmart is really going to benefit from," said Mosher. "Going into those locations and picking up one, two, and three orders, and being able to really use software to drive down the cost and make that work financially."
Postmates has been feeling the pressure from rivals including DoorDash, which received an investment of $535 million last month led led by the Japanese conglomerate SoftBank Group. That investment could be used for DoorDash's international expansion.
For the full interview, [click here](https://cheddar.com/videos/new-power-couple-alert-postmates-and-walmart-team-up).
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income compared to a year ago.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Netflix CEO Ted Sarandos claims audiences don't want to watch Netflix movies in theaters, but that seems not to be the case recently.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
Low-value imports are losing their duty-free status in the U.S. this week as part of President Donald Trump's agenda for making the nation less dependent on foreign goods. A widely used customs exemption for international shipments worth $800 or less is set to end starting on Friday. Trump already ended the “de minimis” rule for inexpensive items sent from China and Hong Kong, but having to pay import taxes on small parcels from everywhere else likely will be a big change for some small businesses and online shoppers. Purchases that previously entered the U.S. without needing to clear customs will be subject to the origin country’s tariff rate, which can range from 10% to 50%.
Southwest Airlines will soon require plus-size travelers to pay for an extra seat in advance if they can't fit within the armrests of one seat. This change is part of several updates the airline is making. The new rule starts on Jan. 27, the same day Southwest begins assigning seats. Currently, plus-size passengers can pay for an extra seat in advance and later get a refund, or request a free extra seat at the airport. Under the new policy, refunds are still possible but not guaranteed. Southwest said in a statement it is updating policies to prepare for assigned seating next year.
Cracker Barrel is sticking with its new logo. For now. But the chain is also apologizing to fans who were angered when the change was announced last week.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
Load More