Latest news with #SethDallaire
Bloomberg
17-06-2025
- Business
- Bloomberg
Walmart Pushes Toward Shoppable TV Experience With Vizio Deal
Walmart Inc. is working toward a future where consumers can buy items while watching their television shows, a strategy retailers have long tried to implement as a way to boost sales. 'You can imagine a world where you are sitting down with your family to watch a movie on your Vizio TV, and we're able to then allow you to buy pizza,' Seth Dallaire, chief growth officer of Walmart US, said in an interview from the Cannes Lions International Festival of Creativity.
Business Mayor
04-05-2025
- Business
- Business Mayor
Walmart Is Said To Want $200,000 Minimums for Vizio Ads
Walmart is gearing up to make its pitch for TV advertising dollars. Walmart closed its $2.3 billion acquisition of Vizio in December, but advertisers have been thinking through the advertising opportunities from the pairing of America's biggest retailer and a smart TV manufacturer since the deal was initially announced in February 2024. Now, Walmart is getting the first tests off the ground that allow advertisers to use shopping data to target Vizio ads, according to three ad buyers who have either been briefed by Walmart or run early tests of Vizio ads. Walmart chief growth officer Seth Dallaire—who played a big role in Walmart's decision to acquire Vizio—told investors at an event on April 9 that beta tests of Walmart-run Vizio ads will begin in the next couple of months. He READ SOURCE
USA Today
02-05-2025
- Business
- USA Today
Walmart revives $6.99 minimum basket fee for EBT grocery orders under $35
Walmart revives $6.99 minimum basket fee for EBT grocery orders under $35 Show Caption Hide Caption USDA to fast-track state bans on using SNAP for candy, soda The USDA is reportedly planning to fast-track state bans on using SNAP food stamp benefits to buy candy and soda. Straight Arrow News Walmart WMT.N is reinstating a minimum basket fee for customers who qualify for U.S. government assistance and those subscribed to its Walmart+ Assist program, according to a memo seen by Reuters and confirmed by Walmart. The move to reinstate the fee, which was waived during the COVID-19 pandemic, comes as the largest U.S. retailer is bracing for a tough year ahead as its customers, who typically skew low income, temper spending. Recipients of government assistance programs like the Supplemental Nutrition Assistance Program (SNAP) who use Electronic Benefits Transfer (EBT) payments will now pay a minimum basket fee of $6.99 for pick up and delivery of grocery purchases from a store if they do not meet a $35 threshold. Previously, this fee was waived for those on SNAP. EBT is a system used by the U.S. government to deliver government assistance benefits, commonly known as food stamps, and works like a prepaid debit card. "We're reinstating minimum basket fees for customers with EBT cards saved to their Walmart account," an internal guidance memo sent to its customer service staff on Monday read. See locations receiving a makeover: Walmart remodeling over 650 stores in 2025 A minimum basket fee covers the costs of picking and packing an order from a store, which can be more expensive than shipping from a warehouse and does not include delivery charges. "If an EBT customer asks why we charged them a minimum basket fee, explain this is the correct fee for orders under $35," the memo said. Walmart+ Assist is a membership plan offered by Walmart that gives shoppers on government assistance a 50% discount on the standard Walmart+ membership, reducing the annual cost to $49 compared with the regular $98 fee. Walmart said it had previously removed the minimum basket fee due to social distancing restrictions. "Moving forward, the standard $35 minimum basket fee will be in place for all orders," a Walmart spokesperson said on Wednesday. Research from data analytics firm Numerator shows Walmart accounts for nearly 26% of spending by SNAP recipients. The retailer has been trying to rein in costs by closing offices and asking staff to relocate to its Bentonville, Arkansas headquarters, or asking some of its suppliers to absorb price hikes caused by tariffs. The retailer issued disappointing guidance for 2025 in part due to the uncertainty surrounding tariffs, but it also posted a 10% rise in quarterly income boosted by its advertising and Walmart+ business, which are more profitable than its core business of selling low-margin groceries. Walmart+ has been a strong driver of loyalty and sales with growth coming from both lower and higher income households, Seth Dallaire, Walmart's chief growth officer, said at an April investor conference. Subscribers visit Walmart's stores twice as much and spend three times as much as non-members, he said, adding that membership income rose nearly 40% in its most recent quarter ended January. Lower-income households "love" Walmart+ because of grocery delivery, Dallaire said. "The delivery saves you the cost of public transportation or fuel costs, or you using a ride-sharing app, for instance, like a Lyft or Uber. They tell us they really value it that way." Reporting by Siddharth Cavale in New York; Editing by Marguerita Choy
Yahoo
30-04-2025
- Business
- Yahoo
Walmart reinstates minimum basket fee for SNAP orders
By Siddharth Cavale NEW YORK (Reuters) -Walmart is reinstating a minimum basket fee for customers who qualify for U.S. government assistance and those subscribed to its Walmart+ Assist program, according to a memo seen by Reuters and confirmed by Walmart. The move to reinstate the fee, which was waived during the COVID-19 pandemic, comes as the largest U.S. retailer is bracing for a tough year ahead as its customers, who typically skew low income, temper spending. Recipients of government assistance programs like the Supplemental Nutrition Assistance Program (SNAP) who use Electronic Benefits Transfer (EBT) payments will now pay a minimum basket fee of $6.99 for pick up and delivery of grocery purchases from a store if they do not meet a $35 threshold. Previously, this fee was waived for those on SNAP. EBT is a system used by the U.S. government to deliver government assistance benefits, commonly known as food stamps, and works like a prepaid debit card. "We're reinstating minimum basket fees for customers with EBT cards saved to their Walmart account," an internal guidance memo sent to its customer service staff on Monday read. A minimum basket fee covers the costs of picking and packing an order from a store, which can be more expensive than shipping from a warehouse and does not include delivery charges. "If an EBT customer asks why we charged them a minimum basket fee, explain this is the correct fee for orders under $35," the memo said. Walmart+ Assist is a membership plan offered by Walmart that gives shoppers on government assistance a 50% discount on the standard Walmart+ membership, reducing the annual cost to $49 compared with the regular $98 fee. Walmart said it had previously removed the minimum basket fee due to social distancing restrictions. "Moving forward, the standard $35 minimum basket fee will be in place for all orders," a Walmart spokesperson said on Wednesday. Research from data analytics firm Numerator shows Walmart accounts for nearly 26% of spending by SNAP recipients. The retailer has been trying to rein in costs by closing offices and asking staff to relocate to its Bentonville, Arkansas headquarters, or asking some of its suppliers to absorb price hikes caused by tariffs. The retailer issued disappointing guidance for 2025 in part due to the uncertainty surrounding tariffs, but it also posted a 10% rise in quarterly income boosted by its advertising and Walmart+ business, which are more profitable than its core business of selling low-margin groceries. Walmart+ has been a strong driver of loyalty and sales with growth coming from both lower and higher income households, Seth Dallaire, Walmart's chief growth officer, said at an April investor conference. Subscribers visit Walmart's stores twice as much and spend three times as much as non-members, he said, adding that membership income rose nearly 40% in its most recent quarter ended January. Lower-income households "love" Walmart+ because of grocery delivery, Dallaire said. "The delivery saves you the cost of public transportation or fuel costs, or you using a ride-sharing app, for instance, like a Lyft or Uber. They tell us they really value it that way." Sign in to access your portfolio
Reuters
30-04-2025
- Business
- Reuters
Walmart reinstates minimum basket fee for SNAP orders
NEW YORK, April 30 (Reuters) - Walmart (WMT.N), opens new tab is reinstating a minimum basket fee for customers who qualify for U.S. government assistance and those subscribed to its Walmart+ Assist program, according to a memo seen by Reuters and confirmed by Walmart. The move to reinstate the fee, which was waived during the COVID-19 pandemic, comes as the largest U.S. retailer is bracing for a tough year ahead as its customers, who typically skew low income, temper spending. Recipients of government assistance programs like the Supplemental Nutrition Assistance Program (SNAP) who use Electronic Benefits Transfer (EBT) payments will now pay a minimum basket fee of $6.99 for pick up and delivery of grocery purchases from a store if they do not meet a $35 threshold. Previously, this fee was waived for those on SNAP. EBT is a system used by the U.S. government to deliver government assistance benefits, commonly known as food stamps, and works like a prepaid debit card. "We're reinstating minimum basket fees for customers with EBT cards saved to their Walmart account," an internal guidance memo sent to its customer service staff on Monday read. A minimum basket fee covers the costs of picking and packing an order from a store, which can be more expensive than shipping from a warehouse and does not include delivery charges. "If an EBT customer asks why we charged them a minimum basket fee, explain this is the correct fee for orders under $35," the memo said. Walmart+ Assist is a membership plan offered by Walmart that gives shoppers on government assistance a 50% discount on the standard Walmart+ membership, reducing the annual cost to $49 compared with the regular $98 fee. Walmart said it had previously removed the minimum basket fee due to social distancing restrictions. "Moving forward, the standard $35 minimum basket fee will be in place for all orders," a Walmart spokesperson said on Wednesday. Research, opens new tab from data analytics firm Numerator shows Walmart accounts for nearly 26% of spending by SNAP recipients. The retailer has been trying to rein in costs by closing offices and asking staff to relocate to its Bentonville, Arkansas headquarters, or asking some of its suppliers to absorb price hikes caused by tariffs. The retailer issued disappointing guidance for 2025 in part due to the uncertainty surrounding tariffs, but it also posted a 10% rise in quarterly income boosted by its advertising and Walmart+ business, which are more profitable than its core business of selling low-margin groceries. Walmart+ has been a strong driver of loyalty and sales with growth coming from both lower and higher income households, Seth Dallaire, Walmart's chief growth officer, said at an April investor conference. Subscribers visit Walmart's stores twice as much and spend three times as much as non-members, he said, adding that membership income rose nearly 40% in its most recent quarter ended January. Lower-income households "love" Walmart+ because of grocery delivery, Dallaire said. "The delivery saves you the cost of public transportation or fuel costs, or you using a ride-sharing app, for instance, like a Lyft or Uber. They tell us they really value it that way."
