Walmart and Roku Form a New Shopping Portal Partnership

Soon your Roku may become a huge shopping portal

For many years, catalogs were the shopper's choice only to be replaced by TV and online Internet shopping platforms. Now Walmart and Roku have teamed up to offer consumers an even more convenient and exciting way to shop.

Roku and Walmart Just Announce a One of A Kind Shopping Experience

Press Release: BENTONVILLE, Ark. & SAN JOSE, Calif.--(BUSINESS WIRE)--Walmart (NYSE: WMT) and Roku, Inc. (Nasdaq: ROKU) announced today a first-of-its-kind partnership to make TV streaming the next e-commerce shopping destination. Walmart will be the exclusive retailer to enable streamers to purchase featured products fulfilled by Walmart directly on Roku, America’s #1 TV streaming platform*.

“We’re making shopping on TV as easy as it is on social” Tweet this This unique partnership evolves shopping beyond the QR code and will change the way customers interact and shop TV and video content. The new experience offers product discovery with a seamless checkout experience, enabling purchase directly at the time of inspiration.

“We’re working to connect with customers where they are already spending time, shortening the distance from discovery and inspiration to purchase,” said William White, chief marketing officer, Walmart. “No one has cracked the code around video shoppability. By working with Roku, we’re the first to market retailer to bring customers a new shoppable experience and seamless checkout on the largest screen in their homes – their TV.”

Walmart is unmatched in the ability to evaluate customer behaviors and then scale commerce offerings to customers where and how they want to shop, including during moments of entertainment. Roku’s purpose-built advertising tech stack will bring all the benefits of streaming TV advertising – targeting, optimization, and measurement – to the commerce partnership. This first pilot program fuses entertainment with the transactional world of commerce, unlocking an innovative and inspiring in-platform buying experience for customers that will continue to evolve.

Viewers simply press “OK” with the remote on a shoppable ad and proceed to checkout with their payment details easily pre-populated from Roku Pay, Roku’s payments platform. From there, tapping “OK” on the Walmart checkout page places the order. A Walmart purchase confirmation is then emailed with shipping, return, and support information.

“We’re making shopping on TV as easy as it is on social,” said Peter Hamilton, Head of TV Commerce, Roku. “For years, streamers have purchased new Roku devices and signed up for millions of subscriptions with their Roku remote. Streaming commerce brings that same ease and convenience to marketers and shoppers.”

OneView, Roku’s ad-buying platform for TV streaming, will have the exclusive capability to activate and measure these shoppable ads. Additionally, marketers will be able to use Roku Brand Studio to design custom creative and branded content built for TV streaming and shopping.

Future iterations of this pilot will look for opportunities to build deeper commerce experiences that meet customers where they are.

To learn more about shoppable ads, visit https://go.roku.com/wc9BQvTer.

The Next Generation of Online Shopping

While shopping channels have been popular on cable for many years, this new partnership could be a game-changer. And it could offer another simpler way to shop online. Instead of needing to enter your credit card by phone or at a website when checking out.

Items purchased from the Walmart Roku shopping channel, payments would be seamlessly added to your Roku account. And by not requiring any additional payment information from the buyers it just simplified the online shopping experience.

While this has already been happening with billing for select channel providers on Roku, integrating Walmart shopping into Roku pay is simply genius. This is a big win for consumers, and the biggest downside will be for Amazon which has relied on its Fire TV streamer to bring more customers to its shopping portal. Amazon will no doubt face increased competition to its platform with Roku and Walmart joining forces.

Having Roku and Walmert team will be a welcomed alternative and could prove to be very profitable for Roku. Which shoud help their stock reclaim some of the record losses it's seen recently.

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