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How Walmart Is Betting Big On Stores To Catch Amazon In E-commerce

Walmart employs more people than any other company in the world and is the country’s largest grocer. But when it comes to e-commerce, Amazon is the clear leader, with 39.5% of the market share compared to Walmart’s 7%. Now Walmart has ambitious new plans, and new leadership, to try and catch up. CNBC got an exclusive interview with Walmart’s new e-commerce chief Tom Ward to hear how it plans to leverage its 4,700+ U.S. stores to entice sellers to Walmart and speed up local delivery. Because 90% of Americans live within 10 miles of a Walmart, using stores as micro-fulfillment centers is helping Walmart expand programs like drone delivery and InHome delivery straight into customer refrigerators. 00:00 -- Intro 02:03 -- Playing catch-up 05:47 -- Selling on Walmart vs. Amazon 09:25 -- In-store and grocery advantage 12:34 -- Speeding up delivery » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How Walmart Is Betting Big On Stores To Catch Amazon In E-commerce