Wal-Mart (NYSE: WMT) To Hail Uber And Lyft For Rides
Uber and Lyft drivers may soon be seeing just bags of groceries in the back seat of their cars. As the world’s biggest retailer store continues to head off with Amazon, Wal-Mart Stores Inc. will be testing a grocery delivery store service using Uber and Lyft.
According to a Wal-Mart spokesman, the grocery delivery service will be available later this month in Denver and Phoenix.
Under the pilot program with ride services Uber and Lyft, a Wal-Mart shopper can place a grocery order online and then employees will select the merchandise and package the order.
Wal-Mart will then hail an Uber or Lyft driver to pick up the order and deliver it to the customer’s location. Customers will pay Wal-Mart, not the drivers, and the delivery will cost $7 to $10.
Wal-Mart is spending $2 billion over two years to boost e-commerce sales in competition with Amazon, who has been expanding its own grocery-delivery service, AmazonFresh.
Disclaimer: We have no position in Wal-Mart (NYSE: WMT) and have not been compensated for this article.