Home Depot Partners with Walmart to Commence Delivery Service
Oct 6, 2021 By MarketDepth
Home Depot (NYSE: HD) is set to hire Walmart’s (NYSE: WMT) new white-label service to deliver paint, tools as well as any other online purchases to consumers. The two retailers revealed the partnership on Wednesday but have yet to disclose the terms of the agreement.
In the announcement, the retailers said they would be “working together to expand same-day and next-day delivery capabilities for home improvement customers in the U.S.”
“This partnership brings us even closer to our goal of offering same-day or next-day delivery to 90 percent of the U.S. population,” Stephanie Smith, Home Depot senior vice president of supply chain, said in a statement.
Walmart’s white-label service, named GoLocal, will be available in select locations within the next few weeks and has plans to expand to new markets nationwide by year’s end. Home Depot is the first to sign up for the new delivery service, though it is limited to items that can fit into a car with ease, like fasteners, boxes of nails or paint brushes.
Home Depot said that when it comes to larger projects, it is working on “building a comprehensive, innovative delivery network to provide customers with same-day or next-day delivery options no matter the product or project.”
The service will provide an additional revenue stream for Walmart as well as a way to collect data on consumer trends and purchasing patterns. Moreover, the retailer has also expanded by opening health clinics, creating a fintech start-up and boosting its advertising division.
“We’re honored to work with The Home Depot in our shared goal of making fast and reliable local delivery available in every community we serve, including rural and suburban areas, where we both have a strong retail presence,” Walmart U.S. president and CEO John Furner said in a statement.
