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Walmart to Lose $1B in Ecommerce, Carbon Health Raises $30M and Amazon’s New Pick-Up Service

Walmart Projecting $1 Billion in Ecommerce Losses

Retail giant  Walmart is reportedly projecting losses of over $1 billion for its U.S. ecommerce division. This comes after months of the company launching numerous initiatives to stay competitive in the ecommerce space, such as one-day delivery options, grocery delivery services, and buying Jet.com. However, these initiatives have been extremely costly, contributing to the losses. To curb costs and garner more inventory, the company reportedly won’t make any more acquisitions of digitally-native brands for at least the next year, and may even sell some current brands such as Bonobos and Modcloth. Walmart has yet to comment on this story.

What stood out to us?

Play the long game!


Carbon Health Raises $30 Million for Healthcare Ecommerce

Carbon Health, a healthcare technology company based out of San Francisco, CA, has raised $30 million to expand its ecommerce business. The company currently operates seven walk-in clinics and partners with large healthcare systems by using a combination of retail and ecommerce. Using the Carbon Health app, patients can manage appointments, make payments, fill prescriptions, talk to doctors, and access medical records or lab results. Carbon Health plans on using this funding, obtained from a group of investors led by Brookfield Growth Partners, to expand its operations beyond California. “The healthcare industry is on the verge of a major transition and we are leading the charge of what the future of healthcare will look like,” says CEO Eren Bali.

What stood out to us?

Nice start. Now what can you do about price transparency and inefficiency?


Amazon Launches In-Store Pick-Up Service with Rite Aid

To further integrate more brick-and-mortar options to its ecommerce strategy, Amazon has announced Counter. Exclusive to the U.S., Counter is a free in-store pick-up service where Amazon shoppers have the option to send packages to specific delivery locations. The service’s first delivery locations will be the pharmacy chain Rite Aid, with an aim to expand to 1,500 Rite Aid locations by the end of the year, and eventually more retail chains and small businesses. “Being the first store partner for Counter in the U.S. is a differentiator for Rite Aid and we believe our partnership with Amazon, that includes Locker, creates a stronger in-store experience for existing customers and new customers that come in to pick up their packages,” says Jocelyn Konrad, executive vice president, pharmacy and retail operations of Rite Aid.


What stood out to us?

Amazon may be the right aid for Rite Aid.


In the headlines

  • How do I look?: Alibaba’s e-wallet affiliate Alipay adds beauty filters to face-scan payments.
  • Follow me to your table: Uber Eats is entering restaurants with a new dine-in option.
  • Independence Dilemma: Controversial “Betsy Ross flag” sneakers pulled by Nike were sold for over $2,000 on StockX
  • SKU-bonanza: Ecommerce operations software start-up Skubana has raised $5.4 million in Series A funding.

Before you go

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B2B sellers are eyeing customer experience in digital transformation.

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B2B ecommerce is growing faster than total sales for manufacturers.

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