Consumer
Walmart Takes on Amazon By Adding Pre-owned Watches, Collectibles to Marketplace
- Company to expand its assortment from third-party sellers
- Retailer’s e-commerce business has been a key growth engine
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Walmart Inc. is bringing pre-owned watches and collectible trading cards to its online marketplace as the retailer looks to further beef up its e-commerce business and grab more spending from rivals such as eBay Inc. and Amazon.com Inc.
The company is expanding the assortment on its marketplace, which offers merchandise from third-party vendors, to meet customer demand, according to Tom Ward, Walmart’s chief e-commerce officer. The new categories, which also include high-end beauty products, collectibles and other pre-owned products, will help Walmart expand its customer base and drive growth, he said.