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Walmart to Offer Free Shipping on Website: Report

(Reuters) – Wal-Mart Stores Inc 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 and FedEx Corp, 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.

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