Walmart Has Lost Its Lead in Online Grocery

Walmart Has Lost Its Lead in Online Grocery

As we entered 2020, Walmart (NYSE: WMT) had built a substantial lead in online grocery service, offering order pickup at 3,200 locations in the U.S. and delivery from 1,600 of those stores. When the pandemic hit and consumers restricted their in-store shopping, Walmart was well positioned to win. Competitor Instacart has seen its share of online grocery orders rise to 30%, putting it neck and neck with Walmart.