1. News
June 14, 2022

Walmart invites UK retailers to join US online marketplace

The retailer said that its marketplace serves more than 120 million customers every month.

US-based retail corporation Walmart is inviting UK sellers to join its flagship US online marketplace.

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What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

The retailer said that it will provide approved UK sellers with access to a dedicated onboarding team, as well as tools and services to expedite processes, identify growth opportunities and manage promotions and feedback.

In addition, sellers will have access to Walmart’s ‘market-leading’ US supply chain infrastructure and expertise to offer two-day delivery to most of the US.

Walmart International marketplace development senior vice-president Darren Carithers said: “We are confident that UK sellers will be able to leverage Britain’s reputation for design and manufacturing excellence and product quality to thrive as Marketplace sellers and bring more choice to our US customers with speed and scale.”

Walmart has invited manufacturers and exporters from various sectors, including fashion, sporting goods, beauty and entertainment, to its UK Sellers Summit in London on 17 June.

The retailer claims that its online marketplace serves more than 120 million customers every month.

UK companies that currently sell on the marketplace include wearable technology firm Statsports, home and garden products seller BuyBox, sporting equipment company Nodor and general retailer Pertemba.

Pertemba managing director Ravi Karia said: “Today we sell on around 60 e-commerce marketplaces, big and small.

“Walmart Marketplace stands out for us for being easy to do business on, bringing us huge exposure and steady sales growth.

“I’d advise sellers to take advantage of how simple it is to list on the Marketplace to bring their full catalogue and to explore Walmart Fulfilment Services, which we’re using to help us meet US consumers’ high expectations for customer service and further improve our conversion rate.”

Walmart is also partnering with Payoneer and Linnworks to provide integrated payment options and centralised inventory and order management workflows for UK sellers.

Earlier this month, the retailer revealed plans to open high-tech fulfilment centres (FCs) over the next three years.

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.