Breaking News

Karoline Leavitt Ridiculed By Trump's Former Attorney With Her Most Brutal Nickname Yet

Pam Bondi's Cheap Looking Suit Is Giving SHEIN Instead Of Sophisticated

Usha Vance Confuses Ohio State White House Visit For Nursing Home In Bizarre Senior Citizen Sneakers

Candace Cameron Bure's Awful Orange Bronzer Feels Like A Thirst Trap For Trump

Pam Bondi & Dana Perino Duke It Out For Worst Disaster 'Do In Battle Of The Fox News Blondes

Trump & Elon's Bromance Is Wilting As New Leak Conveniently Reveals Donald Is In Charge

Michelle Trachtenberg's Cause Of Death Is Truly Tragic

Trump's Medical Records Hint At Real Reason He Wears So Much Makeup (& Expose An Insecurity)

2024-11-19

662 Read.

Many Walmart Shoppers Willing To Pay Extra For Faster Delivery

Nearly one-third of Walmart's online shoppers in the U.S. are willing to pay $10 extra to get their goods sooner — and the added cost is helping push the company's e-commerce business toward profitability.

Walmart says express delivery purchases will arrive in two hours or less and in March it announced an "on-demand" early morning option that starts at 6 a.m. and gets items to customers within 30 minutes.

Walmart Chief Financial Officer John David Rainey told CNBC on Tuesday that 30% of orders placed during the past two quarters came with payment for "express delivery."

As a result, the retail giant's online sales operation is "getting very close to profitability because we're able to use some of the cost of delivery with these incremental fees that customers are willing to pay for convenience," he said.

Rainey revealed the program's success while discussing Walmart's strong third-quarter earnings, which beat analysts' expectations.

The $10 fee applies to all online orders and is added to delivery fees that range from $7.95 to $9.95 for shoppers who don't subscribe to the company's Walmart+ membership program.

Members pay $5.99 for orders under $35 and get free, standard delivery of orders over $35.

Walmart+ memberships cost $98 a year but the company last month cut the price in half through Dec. 2 for new members in bid to compete with Amazon, which charges $139 a year for its Amazon Prime membership program.

Amazon Prime has an estimated 180 million subscribers and Walmart+ is expected to reach 32 million subscribers by the end of this year, Reuters reported last month.

Read moreWalmart Reports Strong Sales, Expects Continued GrowthAmerica's Biggest Retailers Will Face 'Massive Upheaval' In Wake of Trump Tariffs, Former Target Exec WarnsWalmart Testing Lets Customers Access Locked-up Products By Using Phone App