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Walmart drops $35 minimum purchase for 2-hour delivery


Dive Brief:
Delivery through Express now requires $10 on top of existing delivery charges. The retailer s Walmart+ subscription, which also launched last year, drops the second delivery fee.
Customers told us sometimes the items they needed in a hurry didn’t meet the minimum, so we’re removing it, making it even easier for customers to get what they need when they need it, Tom Ward, senior vice president of customer product, said in a press release.
Dive Insight:
Walmart ramped up the development of its two-hour delivery service last year as customers avoided stores in a consumer environment shaped by the COVID-19 pandemic.  ....

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Best Buy falls as holiday sales and 2021 outlook disappoint


Best Buy falls as holiday sales and 2021 outlook disappoint
Matthew Boyle, Bloomberg News
VIDEO SIGN OUT
Best Buy Co. reported weaker-than-expected holiday sales and said anticipated shifts in consumer spending back to areas like dining out and travel could hamper its performance this year.
Comparable-store sales in the U.S. a key gauge of performance rose 12.4 per cent in the fiscal fourth quarter that ended Jan. 30, missing the average projection from Consensus Metrix. The midpoint of Best Buy’s sales-growth forecast range for the current year also fell short of analysts’ estimates. Shares of the electronics retailer fell as much as 8.9 per cent, the most since Nov. 9, before paring some of their losses. ....

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