The Home Depot Inc. of Atlanta has partnered with Walmart Inc. of Bentonville to expand same-day and next-day delivery services in the U.S., the retail giants announced Wednesday.
In the coming weeks, The Home Depot will offer delivery in select markets through Walmart GoLocal, the delivery as a service business that Walmart launched in August. The home improvement chain plans to expand delivery to multiple markets across the nation by the end of the year, the company said in a news release.
Products eligible for delivery include tools, fasteners, paint and other supplies that easily fit into a car. Those products will have a delivery option when purchased online.
The Home Depot said it aims to build a delivery network capable of bringing customers bigger and bulkier items, as well, such as lumber, drywall and appliances. It has a goal of offering same-day or next-day delivery to 90% of the U.S. population.
The Home Depot is Walmart GoLocal's first retail client. The partnership comes after The Home Depot saw sales on digital platforms surge 86% in the 2020 fiscal year. It moved a record 1.2 billion cubic feet of products through its delivery network and posted record sales of $132.1 billion.
“We’re honored to work with The Home Depot in our shared goal of making fast and reliable local delivery available in every community we serve, including rural and suburban areas, where we both have a strong retail presence,” Walmart U.S. President & CEO John Furner said in the release.
The delivery service is part of Walmart's strategy to diversify its revenue streams and profit pools with initiatives like Walmart Connect, a platform that connects brands to consumers, and Walmart Fulfillment Services, which allows certain third-party sellers to use the company's global supply chain for storing, shipping and returning items.