Walmart announces next-day delivery, firing back at Amazon

The biggest retailer in the world will now offer shoppers the option to have their online orders delivered the next day, following Amazon, which on April 25 announced plans to spend $800 million for one-day delivery for all Amazon Prime members. Amazon, for comparison, has no minimum purchase threshold for free, next-day delivery but requires customers to have a Prime membership, which costs $119 annually. When Amazon made its one-day shipping the new standard for all Prime customers last month it sent shares of Walmart and Target tumbling, as investors worried bricks-and-mortar retailers would now have to spend more money to match the e-commerce giant’s steps.

Source: www.cnbc.com