Marketplace sellers selling on the Walmart platform will have access to apply for credit lines from Goldman Sachs NYSE: (GS ).
Credit lines that will be available will start at $10K to $75K. Those amounts will be increased over time. Just like applying for any business loan, those that are the most creditworthy will receive the best rates.
As America’s biggest retailer (as of 2019) it still far outpaced Amazon in terms of revenue), it’s only logical that Walmart is rushing to keep up—and looking to cutting-edge tech to help. This week the company launched a pilot drone delivery program in Fayetteville, North Carolina. In partnership with drone company Flytrex, the mega-retailer is initially planning to use drones to deliver grocery and household items.
Flytrex has been around since 2013, and has aimed to cater to people living in suburban areas; the company’s website emphasizes that urbanites have access to plenty of shopping and delivery options, while suburb-dwellers tend to be at least a few-mile drive away from stores and often don’t have access to a lot of home delivery services.
Goldman Sachs Group Inc. places a positive outlook on the stock market. Their announcement came at the time when JPMorgan Chase & Co.’s strategists reported a bullish outlook in the equity market. GS:US New York Goldman Sachs Group sees a positive outlook on the restart of the economy.