Renowned multinational retail giant Walmart has reportedly announced that it has signed a partnership agreement with automotive parts and accessories retailer Advance Auto Parts to create a specialty online automobile parts store on its e-commerce website.
Reports cite, Walmart would be creating an extensive online portfolio of all the Advance Auto products. Reportedly, customers would then be able to place their orders on Walmart.com, which would then deliver the products to their home. The order would also be made available at Advance and Walmart stores for same-day-pickup.
According to a press release by Advance Auto Parts, the new online shopping experience – which is anticipated to be rolled out by the first quarter of 2019 – would be providing customers with an easy access to Advance Auto’s expansive portfolio of maintenance items, accessories and aftermarket automotive vehicle parts.
Vice President of Retail Merchandising at Walmart E-commerce, Phillip Oaks reportedly stated that the company has been extremely focused on building its product portfolio on Walmart.com this year to provide the specialty assortments that its customers are searching for. Oaks further added that the comprehensive partnership with Walmart would be enhancing almost every facet of its automotive product catalogue to make its customers’ shopping experience better.
For the record, Walmart has been on an acquisition spree in recent months competing with other multinational retail giants like Amazon. The company recently acquired a lingerie company named Bare Necessities, announced the acquisition of Eloquii in a $100 million deal and revealed its partnership with Metro Goldwyn Mayer to produce content for Vudu – Walmart’s video on-demand service.
Reportedly, the deal would be complementing Walmart’s existing selection of automotive related products that the retailer sells through its online store and a 2,500-store network of Walmart Auto Care Centers across the U.S. According to reports, the financials related to the deal have not been revealed yet.