CommerceHub Expands Partnership with Walmart, Adds Integration with Walmart Marketplace
23 August 2016 - 6:01AM
CommerceHub (Nasdaq:CHUBA)(Nasdaq:CHUBK), a leading distributed
commerce network for retailers and brands, announced today that it
has reached an agreement with Walmart to expand its existing
partnership, integrating directly with Walmart’s online third-party
marketplace. CommerceHub’s vibrant network of approximately 9,500
customers, including many of the largest retailers, marketplaces
and brands in North America, will be able to team up with
Walmart.com, one of the largest online retailers.
CommerceHub continues to support Walmart’s drop-ship fulfillment
process through its virtual inventory solution, which connects
Walmart to a vast network of suppliers to expand its product
assortment and facilitate rapid, cost-effective delivery, with
complete control of the customer experience.
Launched in 2009, Walmart Marketplace has expanded Walmart.com’s
product assortment for customers alongside Walmart’s existing
first-party merchandise. More than 80 million unique visitors shop
Walmart.com every month looking for products across popular
categories like apparel, electronics and home. The new integration
with CommerceHub will allow both retailers and brands on
CommerceHub’s platform to reach more customers through this growing
channel. In 2015, CommerceHub enabled an estimated
$11.6 billion in gross merchandise value (total economic value
of goods) for its customers, including through marketplaces.
“Customers trust Walmart to provide a broad assortment of
products, and investing in our marketplace helped us grow our
assortment to 11 million items in just a few years,” said Seth
Beal, Senior Vice President of Global Marketplace at Walmart. “By
expanding our relationship with CommerceHub, we’ll be able to
leverage its network of retailers and brands to offer customers
more of what they’re looking for at Walmart.com.”
“The Walmart marketplace is a growing and effective way to reach
customers,” said Frank Poore, President and CEO of CommerceHub.
“Walmart marketplace is emerging as a significant and key channel
for retailers and brands looking to expand sales opportunities.
We’re excited to partner with Walmart to leverage this opportunity
for our customers and prospects.”
About CommerceHubCommerceHub
(Nasdaq:CHUBA)(Nasdaq:CHUBK) is a distributed commerce network
connecting supply, demand and delivery that helps retailers and
brands increase sales by expanding product assortments, promoting
products on the channels that perform, and enabling rapid, on-time
customer delivery. With its robust platform and proven scalability,
CommerceHub has helped its approximately 9,500 customers achieve an
estimated $11.6 billion in Gross Merchandise Value in 2015.
About WalmartWal-Mart Stores, Inc. (NYSE:WMT)
helps people around the world save money and live better – anytime
and anywhere – in retail stores, online, and through their mobile
devices. Each week, nearly 260 million customers and members visit
our 11,527 stores under 63 banners in 28 countries and e-commerce
websites in 11 countries. With fiscal year 2016 revenue of $482
billion, Walmart employs more than 2.3 million associates
worldwide. Walmart continues to be a leader in sustainability,
corporate philanthropy and employment opportunity. Additional
information about Walmart can be found by visiting
http://corporate.walmart.com on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart. Online merchandise sales are available
at http://www.walmart.com and http://www.samsclub.com.
Media Contact
Laura Anderson
ICR for CommerceHub
(p): 203-682-8267
(e): CommerceHubICR@icrinc.com
Walmart (NYSE:WMT)
Historical Stock Chart
From Apr 2024 to May 2024
Walmart (NYSE:WMT)
Historical Stock Chart
From May 2023 to May 2024