WMT Walmart Inc

By WSJ City 

Amazon on Monday said it has made more than 10 million products available for free one-day delivery to Prime members in the US, the latest salvo in a battle over faster shipping speeds with rival Walmart.

KEY FACTS

--- This comes three weeks after Walmart said it would offer free next-day delivery on about 200,000 products.

--- The two rivals have been one-upping each other with announcements of faster shipping options.

--- Amazon didn't specify which markets the shipping option is available in, only saying it spans "coast to coast."

--- The push to quicken deliveries is creating a need for more warehouses.

--- Blackstone said it would buy a network of US industrial warehouses from Singapore-based GLP for $18.7bn.

--- This was the largest private real-estate transaction ever and a bet on the explosion of e-commerce.

"We don't put a lot of time and energy or focus into competitors because it can be distracting to being innovative for customers. We believe what we are offering to Prime members today is unmatched."

Amazon's Julie Law

Delivery Wars

Amazon has long offered one-day shipping on limited items and free same-day delivery on some orders over $35. It also fulfills same-day orders through its Prime Now operation. The new next-day option doesn't require a minimum purchase for Prime members.

In mid-May, Walmart said it began offering free next-day delivery in Phoenix, Las Vegas and Southern California, but only for orders costing $35 or more. It said it would expand the option to 40 of the top 50 US metro areas later this year.

A fuller story is available on WSJ.com

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(END) Dow Jones Newswires

June 04, 2019 10:01 ET (14:01 GMT)

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