Another Delivery Service Just Cut Ties With Walmart
Searching for allies in its fight against Amazon's multiple free delivery options, last year Walmart (NYSE: WMT) announced it was signing up four new delivery companies -- Point Pickup, Skipcart, AxleHire, and Roadie -- "to help expand the retailer's popular Online Grocery Delivery option." For a small fee, and so long as a customer placed at least a $30 minimum order for groceries, one of these four companies would deliver the goods as soon as the same day -- no subscription necessary.
Make that one of those three companies, now, because barely a year into its contract with Walmart, Skipcart has announced that it is cutting ties with the retail giant effective sometime in March.
Prior to termination, Skipcart had serviced 126 Walmart stores in 32 states -- about 8% of Walmart locations that provide grocery delivery -- making approximately 50,000 deliveries per month within mostly smaller markets.
Source Fool.com
