Largest U.S. Retailer Broadens Global Online Marketplace Product Assortment, Tapping into CommerceHub’s Extensive Retailer and Brand Network
CommerceHub (Nasdaq: CHUBA, CHUBK), a leading distributed commerce network for retailers and brands, announced today that it has reached an agreement with Walmart to expand its existing partnership, integrating directly with Walmart’s online third-party marketplace. CommerceHub’s vibrant network of approximately 9,500 customers, including many of the largest retailers, marketplaces and brands in North America, will be able to team up with Walmart.com, one of the largest online retailers.
CommerceHub continues to support Walmart’s drop-ship fulfillment process through its virtual inventory solution, which connects Walmart to a vast network of suppliers to expand its product assortment and facilitate rapid, cost-effective delivery, with complete control of the customer experience.
Launched in 2009, Walmart Marketplace has expanded Walmart.com’s product assortment for customers alongside Walmart’s existing first-party merchandise. More than 80 million unique visitors shop Walmart.com every month looking for products across popular categories like apparel, electronics and home. The new integration with CommerceHub will allow both retailers and brands on CommerceHub’s platform to reach more customers through this growing channel. In 2015, CommerceHub enabled an estimated $11.6 billion in gross merchandise value (total economic value of goods) for its customers, including through marketplaces.
“Customers trust Walmart to provide a broad assortment of products, and investing in our marketplace helped us grow our assortment to 11 million items in just a few years,” said Seth Beal, Senior Vice President of Global Marketplace at Walmart. “By expanding our relationship with CommerceHub, we’ll be able to leverage its network of retailers and brands to offer customers more of what they’re looking for at Walmart.com.”
“The Walmart marketplace is a growing and effective way to reach customers,” said Frank Poore, President and CEO of CommerceHub. “Walmart marketplace is emerging as a significant and key channel for retailers and brands looking to expand sales opportunities. We’re excited to partner with Walmart to leverage this opportunity for our customers and prospects.”
CommerceHub (Nasdaq: CHUBA, CHUBK) is a distributed commerce network connecting supply, demand and delivery that helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that perform, and enabling rapid, on-time customer delivery. With its robust platform and proven scalability, CommerceHub has helped its approximately 9,500 customers achieve an estimated $11.6 billion in Gross Merchandise Value in 2015.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit our 11,527 stores under 63 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2016 revenue of $482 billion, Walmart employs more than 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com andhttp://www.samsclub.com.
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