The Lempert Report: Retailer’s new small-format China store could challenge Aldi and AmazonBy Phil Lempert on May. 30, 2018[youtube https://www.youtube.com/watch?v=W4INDFkWHuk?version=3&rel=1&fs=1&autohide=2&showsearch=0&showinfo=1&iv_load_policy=1&wmode=transparent]
Walmart has opened its first small-sized, high-tech supermarket in Shenzhen, China, and it could be an Aldi and Amazon Go challenger.
The store will stock more than 8,000 items, ranging from stir-fried clams to fresh fruit, 90% of which will also be available online. Items purchased can be delivered to customers within a 2-kilometer radius from JD.com in as quickly as 29 minutes, said Walmart in a statement.
Walmart also revealed that customers at the new supermarket will be able to use a mini program on WeChat as they shop to bypass traditional checkout counters by paying via their mobile devices.