
Exclusive: Walmart dives into testing free pool installs
The big picture: It's an example of a loss-leader test for the retailer as it continues to look for ways to connect with its customers through technology and services that ultimately drive sales.
State of play: The pool was selected as a test product because it's big and bulky, and it could provide insight into expansion of other items and categories, Walmart vice president of OMNI customer growth Karthicka Krishnasamy, told Axios.
"It's a natural customer demand when it comes to convenience and time," she said. "So is there an opportunity here? And, if this works, then we want to expand it to all brands and nationally, wherever it is applicable."
Case in point: The Dallas pilot is limited to a 22-foot Coleman pool that retails for $500.
Logistics and service company GoConfigure will do the assembly and installation.
The kit weighs about 220 pounds, Krishnasamy said, and YouTube videos show it takes about a day for at least two people to assemble.
What they're saying: "Our broader philosophy in our service offering is an extension of our purpose: Save money, live better," Walmart Vice President of OMNI Customer Growth Karthicka Krishnasamy, told Axios.
The company also is working to add convenience and " remove friction" for customers by expanding delivery services via drone, from its pharmacy and with high-touch in-home delivery in some markets.
"Delivery speed continues to help drive our business. We'll soon reach 95% of the population in the U.S. with delivery options of three hours or less," CEO Doug McMillon said in the company's first quarter earnings call in May.
What's next: Krishnasamy told a group of journalists in early June the company would soon be launching an "auto care center of the future" requiring no contact with another person.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Walmart earnings, housing data, Fed & Jackson Hole: What to Watch
Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Thursday, Aug. 21. Walmart (WMT) is reporting second quarter earnings results in the morning, and Ross (ROST) is reporting second quarter results in the afternoon. Analysts are expecting Walmart to report a rise in sales. Existing home sales data for July will be released in the morning, with economists expecting a slight decrease from the prior month. Atlanta Federal Reserve President Raphael Bostic will deliver remarks in the morning. Additionally, the Kansas City Fed's Jackson Hole Economic Symposium kicks off. Tune in to Yahoo Finance for live coverage of the event, including interviews with Kansas City Fed President Jeffrey Schmid at 10 a.m. and Cleveland Fed President Beth Hammack at 11 a.m. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. Time now for to watch Thursday, August 21st. Going to start off on the earnings front. More reports from the retail sector coming in on Thursday including Walmart and Ross. Walmart announced results for the second quarter before the markets open. And it's expecting Walmart sales to rise in Q2 driven by price rollbacks and consumers hunting for value amid the current inflationary environment. Moving over to housing, we're going to be getting some fresh housing data with existing home sales for July. Economists forecasting sales to fall slightly to an annualized rate of 3.92 million, suggesting no significant change in the sales pace. And taking a look at the Fed, more commentary coming on Thursday from Atlanta Fed President Rafael Bostic. This is coming as the 2025 Jackson Hole Economic Symposium kicks off on Thursday. Yahoo Finance will have coverage from Jackson Hole, including interviews with Kansas City Fed President Jeffrey Schmidt in the 10:00 a.m. Eastern hour, and Cleveland Fed President Beth Hammock at 11:00 a.m. Eastern. Related Videos Retail earnings: Consumers are spending on needs, not wants Private equity's latest trend: What are continuation funds? Gold rises as investors await Powell's Jackson Hole speech No Smoking Gun in tech Pressures: Stuart Kaiser Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
40 minutes ago
- Yahoo
Walmart earnings, housing data, Fed & Jackson Hole: What to Watch
Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Thursday, Aug. 21. Walmart (WMT) is reporting second quarter earnings results in the morning, and Ross (ROST) is reporting second quarter results in the afternoon. Analysts are expecting Walmart to report a rise in sales. Existing home sales data for July will be released in the morning, with economists expecting a slight decrease from the prior month. Atlanta Federal Reserve President Raphael Bostic will deliver remarks in the morning. Additionally, the Kansas City Fed's Jackson Hole Economic Symposium kicks off. Tune in to Yahoo Finance for live coverage of the event, including interviews with Kansas City Fed President Jeffrey Schmid at 10 a.m. and Cleveland Fed President Beth Hammack at 11 a.m. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
42 minutes ago
- Yahoo
Target Appoints New CEO. Here's What Investors Hope He Will Address.
Key Takeaways Michael Fiddelke is slated to become Target's CEO in February, disappointing investors who were looking for an external candidate to refresh the retailer's approach. Fiddelke described his 20 years of experience at the company as a benefit. Investors will look to him to catch up to competitors in the e-commerce space, address tariffs, and stock merchandise that appeals to more of its core customers. Target veteran Michael Fiddelke won't become CEO for months, but the stock market is already disappointed with his appointment. Investors hoped Target (TGT) would replace CEO Brian Cornell with an external hire, with most of 50 investors polled by Mizhuho this summer stating that as their preference, analysts said. "The market was looking for fresh eyes and a change agent," JPMorgan said after Target announced the leadership change Wednesday morning. Besides facing questions about whether he will offer a novel approach, Fiddelke will be expected to address several issues. Target has a less robust digital operation than competitors, more significant tariff risks, and a customer base that thinks merchandise lacks the company's distinct "Tar-zhay" flair, the company and analysts said. Target shares fell 6% on Wednesday, making the stock one of the biggest decliners in the benchmark S&P 500 index. The stock has lost more than a quarter of its value since the start of the year. E-Commerce Turnaround Needed Fiddelke, who is slated to start as CEO in February, will need to turn around sluggish sales, especially in e-commerce. Target has reported comparable sales growth during three of the past 10 quarters, according to data from Visible Alpha. Walmart's (WMT) digital sales appear to be growing at least three times as fast as Target's, Bank of America wrote in a research note Friday. The number of consumers actively using Target's app fell 4.1% year-over-year in July, while the volume of domestic Walmart app users shot up 17.2%, the research said. 'Digital traffic growth is key to scaling digital advertising and [third-party] marketplace fees, which are increasingly needed to mitigate gross margin pressures,' Bank of America said. Tariffs Pressure Profit Margins Target's profit margins may be particularly squeezed since it imports a greater share of merchandise than Walmart, Bank of America said. Target will likely need to raise prices more than some of its peers to offset tariffs, the analysts said. That may be tricky in an environment where even high-earners are focused on finding savings. Recent inventory has disappointed customers looking for the trendy, inexpensive finds that inspired the "Tar-zhay" nickname, company executives have said. Re-establishing Target's 'merchandising authority' is a priority for Fiddelke, along with improving the in-store experience and using technology to become more efficient, he said. Fiddelke argued on a conference call Wednesday that his experience—leading merchandising, finance, human resources, and operations teams—will be beneficial. 'There's real power in drawing on 20 years of knowing what makes Target, Target,' Fiddelke said, according to a transcript made available by AlphaSense, adding that this gives him clarity on 'what our unique path is that's going to lead to growth." Target also handed in second-quarter results Wednesday that beat or met analyst expectations, while affirming its full-year outlook. Read the original article on Investopedia