Walmart reveals shoppers are spending a whopping $1,500 monthly on its Jetblack service for wealthy moms (WMT)

Walmart

• Shoppers are spending $1,500 monthly through Walmart‘s personal shopping service, Jetblack.
• For a $50 monthly membership fee, Jetblack offers a suite of personal shopping services that are accessible via text messaging.
• The service, which launched in New York City last year, is designed for upper-income moms in urban areas. 

Walmart said Friday that customers are spending a whopping $1,500 per month through Jetblack, the company’s personal shopping service.

"It brings conversational commerce to life, and customers are absolutely loving it," Walmart e-commerce CEO Marc Lore said Friday at the company’s annual shareholders meeting in Bentonville, Arkansas. "Today, more than two-thirds of Jetblack members engage with us weekly, spending on average $1,500 per month."

Read more: Inside Walmart’s plan to invade cities, reach a completely new kind of customer, and be the only shopping service they’ll ever need

For a $50 monthly membership fee, Jetblack offers a suite of personal shopping services that are accessible via text messaging.

The service, which launched in New York City last year, uses a mix of artificial intelligence, human shoppers, and couriers to deliver items for next-day delivery. It’s designed to target upper-income moms in urban areas. 

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See Also:

• Walmart employees will soon deliver groceries to your fridge when you’re not home and wear body cameras so you can watch them doing it
• Bernie Sanders accuses Walmart of paying ‘starvation wages,’ attacks the CEO’s pay, and praises Amazon
• Walmart CEO slams the federal minimum wage as ‘too low’ and urges Congress to push it higher

SEE ALSO: Walmart’s Jetblack is likely a worthwhile investment despite high start-up costs

Source: Business Insider – hpeterson@businessinsider.com (Hayley Peterson)