Report: Walmart in early stage of developing new store format—and that's not all

The nation's largest retailer is hard at work on two innovative initiatives.

Walmart is testing a personal shopping service for "busy NYC moms," reported Recode, with household items delivered for free within 24 hours and other purchases delivered within two business days.

In addition, the retailer, through its startup incubator, Store No. 8, is also working on an "under-the-radar" project, called Project Kepler, that looks reimagine the in-store shopping experience, according to the report. The stores would operate without checkout lines or cashiers, which is similar to the Amazon Go convenience-store concept.

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