Walmart (NYSE: WMT) still has its eyes locked on beating Amazon (NASDAQ: AMZN) in e-commerce by launching a new initiative targeting small- and medium-sized businesses (SMBs). Called Walmart Business+, it seeks to simplify purchases made by businesses through a curated list of 100,000 products such as office supplies, furniture, food and beverage, restroom items, electronics, and classroom and facility needs. It is yet another initiative in a series that Walmart has begun to woo businesses away from its rival, which has offered small- and medium-sized companies various services for years.
One way for companies to bring more traffic to their stores is to provide services that customers can't get from an online retailer like Amazon (NASDAQ: AMZN), which could otherwise easily steal sales away from brick-and-mortar shops. Healthcare could provide such an opportunity, with CVS Health (NYSE: CVS) and Walgreens Boots Alliance (NASDAQ: WBA) making moves in recent years to make it easier for customers to take care of common health issues at their pharmacies rather than having to go to a primary care provider. Big-box retailer Walmart (NYSE: WMT) has gotten into the mix and has begun offering healthcare services at some of its stores.
In the latest trading session, Walmart (WMT) closed at $143.87, marking a +1.21% move from the previous day.