Walmart debuts business delivery service in its push beyond retail

Bloomberg

Walmart Inc will start delivering goods for other companies, a bet that its logistics prowess will let the world’s largest retailer broaden its business.
The new service, dubbed Walmart GoLocal, will offer merchants ranging from local bakeries to national auto-supply stores deliveries across the US at what the company calls “competitive pricing.”
The retailer already has some contracts with clients, Walmart said in a release on Tuesday.
The delivery service is Chief Executive Officer Doug McMillon’s latest move to diversify Walmart’s revenue away from its core operations amid intense competition from Amazon.com Inc and other rivals.
In January it created a fintech startup, and in recent years Walmart has bulked up its digital advertising business, which it now calls Walmart Connect, along with unveiling a fulfillment service for merchants who sell goods on its third-party marketplace site.
Walmart’s varied attempts to dig new profit pools have achieved mixed results.