Marcelo Prince
speaker
39 appearances
1 recordings
1 series
first heard Nov 2019
last heard Nov 2019
Marcelo Prince’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Amazon, Target, Walmart: The One-Day Shipping Battle · 29 Nov 2019
podcast
They have actually said they're going to spend $1.5 billion just in the fourth quarter to do one-day shipping, which is putting pressure on the rest of the industry.
They see this as a way to add to the number of people who are willing to pay.
They already have over 100 million Prime subscribers.
And by adding more products and speeding the delivery, they see this as an advantage.
Both of them have found that if they invest in their stores and use the stores themselves to help fulfill either orders that people place online or pick up at the stores,
They can keep pace with Amazon, and they've both had strong sales in recent quarters leading up to this holiday season.
They've both had success getting people to place orders online and actually go pick them up at the stores, which for them is less expensive than delivering it to your house.
they'll shift their messaging from this week where they're focusing on getting you to place the orders and they're less dependent on whether you pick it up in the store or they deliver it to, as you get closer to the holidays, they do turn the messaging to, you still have time, place the order, come pick it up at the store.
Amazon claims they have 10 million products already.
They want to get to 100 million, I believe.
Walmart and Target are much smaller, but that's also by choice.
They're sort of focusing on what they think are the most commonly ordered items that they can stock in their stores and deliver without having hundreds of warehouses like Amazon does.
Walmart actually tried a membership program and gave up on it a few years ago.
Neither of them currently have a membership shipping program.
When it's the holidays, they'll give you free shipping on many more orders.
Sometimes you have to have a minimum order size.
Outside of the holidays, they generally require you to have a certain basket size to give you the free shipping.
That's right.
And they have to run double shifts, overtime shifts.
This year, both UPS and FedEx will be delivering seven days a week just to keep up with the demand.
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