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  • 11 hours ago
Walmart added Subway meals to its fast-delivery app as it expands e-commerce and competes with Amazon on delivery speed.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Walmart has added Subway meals to its fast delivery app service,
00:06expanding e-commerce offerings as it competes with Amazon for delivery dominance, according to Reuters.
00:12Subway is Walmart's largest in-store restaurant tenant and has operated in its super centers since 2004.
00:18The service is live in select states and will expand to about 1,400 stores by late summer.
00:24Tracy Puglio, the executive vice president of U.S. e-commerce and marketing,
00:28said the company aims to extend express delivery to all in-store restaurant tenants.
00:33Walmart is competing with Amazon for delivery dominance by testing drone delivery
00:38and AI-driven inventory technology as demand grows among more affluent customers.
00:43Store fulfilled delivery sales more than doubled over two years,
00:46with CFO John David Rainey telling analysts in May it was the company's fastest growing option.
00:51For all things money, visit Benzinga.com.
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