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Stock impact report

Walmart's warehouse club ups the pressure on Costco with a new member perk [Yahoo! Finance]

Maplebear Inc. (CART) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4715924
Company Research Source: Yahoo! Finance
Sam's Club says its 10 fastest orders were fulfilled in under 12 minutes — way faster than Costco. Walmart is doubling down on ultrafast delivery with a new option at its warehouse chain Sam's Club. On Wednesday, Sam's Club e-commerce head Greg Pulsifer said a new "enhanced" express delivery option in the US has posted impressive numbers since it was rolled out three weeks ago. "Our 10 fastest deliveries to date were all fulfilled in less than 12 minutes," he said in a statement. Members can now get Sam's Club's jumbo pack sizes with Walmart's blazing-fast fulfillment. The move ramps up pressure on warehouse club rival Costco, and underscores Walmart's focus on growing e-commerce sales through a combination of convenience and value. Last September, Walmart's then-US CEO John Furner said Walmart's fastest delivery time was under five minutes . The company also says more than 5% of store-fulfilled orders arrive in less than 30 minutes. Sam's Club has also had significant Show less Read more
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