Wal-Mart to offer free shipping on website-NYT

Nov 11 (BestGrowthStock) – Wal-Mart Stores Inc (WMT.N: ) plans to
offer free shipping on nearly 60,000 gift items, including toys
and electronics, when purchased through its website from
Thursday, the New York Times reported.

The world’s largest retailer will not raise prices to make
up for shipping costs and will not push shippers, such as United
Parcel Service Inc (UPS.N: ) and FedEx Corp (FDX.N: ), to absorb the
expenses, the paper said.

“It is the most competitive offer out there, and we are
pretty excited about it,” Steve Nave, senior vice president and
general manager of Walmart.com, told the New York Times.

There is no minimum purchase required, the paper said.

Competition between Wal-Mart and its rivals, which include
Target Corp (TGT.N: ) and Amazon.com (AMZN.O: ), is heating up as
the holiday season approaches.

Wal-Mart did not immediately respond to a call for comment
from Reuters outside regular business hours.

A recent poll from RBC found that half of U.S. families with
young children plan to spend less on holiday shopping than they
did last year and some will spend nothing at all, because of
concerns about the economy. [ID:nN04110398]
(Reporting by S. John Tilak in Bangalore; Editing by David
Holmes)

Wal-Mart to offer free shipping on website-NYT