Economy

Walmart, honing same-day delivery skills, buys NYC's Parcel

Walmart, honing same-day delivery skills, buys NYC's Parcel”

Walmart this morning said it has acquired Parcel, a NY company that does scheduled same-day deliveries of packages and meal kits, accounting for the "last mile" of the shipping process.

Wal-Mart did not disclose the financial details of deal, however, a Recode report indicates that the deal was closed at less than $10 million.

Parcel launched in 2013 to help city dwellers get their packages at convenient times.

Parcel, a 24/7 operation that delivers packages the same-day, overnight and in scheduled two-hour windows, was bought for an undisclosed amount "smaller than previous acquisitions" Wal-Mart made this year, the discount retailer said. Parcel also sends live package updates via text message to the merchant and recipient, informing them of the location of the package through the last mile of delivery.

"Born and bred in New York City, Parcel has developed unique expertise delivering to customers in a distinctly challenging and essential market", Faust said. In addition, Walmart is considering how to leverage Parcel to deliver products including perishable food to consumers in New York City, building on a Jet.com free same-day delivery initiative. Walmart.com will also start testing same-day delivery in the city soon, and both Jet and Walmart will offer both general merchandise as well as fresh and frozen groceries as part of these new express delivery options.

The move comes just weeks after Amazon.com completed its acquisition of Whole Foods, which has a large presence in New York City and will likely help Amazon accelerate grocery delivery. Walmart purchased online retailer Jet for more than $3 billion past year.

The move also means Walmart has finally found a home in NY, where it's been blocked in its efforts to open stores for years. And Walmart, whose e-commerce grew 63% last quarter, is looking to keep pace with Amazon, whose Prime members can get free two-hour delivery on a limited assortment of goods, as well as same-day delivery for free on many items.



Like this

loading...
loading...

Latest


03 October 2017
Google Home Mini pre-order leak; Waymo ride-share coming soon
And then there's the software and services component - Android 8.1, Google Lens, and maybe even more we haven't heard about. The listing has now been taken down, but not before revealing pretty much everything about the Google Home Mini.

03 October 2017
Tattoos can cause infections 15 years later, doctors warn
If you have any allergies then inform the tattoo artist in advance and make sure they are cleaning everything properly. Something set off the immune cells, but her doctors couldn't pin down what that trigger might be, Bryant said.

03 October 2017
'Goodfellas' Actor Chuck Low Morrie Kessler Dead at 89
He also had small roles in The Mission , King of Comedy and Once Upon a Time in America alongside his Goodfellas co-star De Niro. Army, became an engineer who made marine instruments, and in the 1960s started a real estate partnership with Lehman Brothers.

03 October 2017
Collect Google Street View Pics With $3500 Insta360 Pro
After few weeks of processing, it could display on Street View in the standalone apps such as Google Maps, or Google Earth. The catch is that in some areas Street View imagery is simply not available.

03 October 2017
Recall of 38000 pounds of ground turkey includes product sold at Publix
Included in the recall are three pound packages of Publix branded ground turkey and ground turkey breast with natural flavorings. The packages are labeled with ink-jet printing on the side and have the first four digits of 7268 and 7269.

03 October 2017
Newcastle United successfully proved this crucial point against Liverpool
The front four of Sadio Mane , Philippe Coutinho , Mohamed Salah and Danny Sturridge looked typically risky . When I left, it was £17m, but people still said I must win the title.

03 October 2017
As US launches DDoS attacks, N. Korea gets more bandwidth-from Russian Federation
Reuters reports that TransTeleCom , #Russia's state-owned company, recently provided North Korea a new internet connection. Those ordering and controlling the attacks communicate to hackers and hijacked computers from within North Korea .

03 October 2017
Clean Energy Fuels Corp. (NASDAQ:CLNE) Valuation According To Analysts
Menta Capital LLC owned approximately 0.14% of Clean Energy Fuels Corp . worth $533,000 at the end of the most recent quarter. Moreover, Paragon Associates & Paragon Associates Ii Joint Venture has 0.35% invested in the company for 163,709 shares.

03 October 2017
Bremer Trust National Association Lowers Stake in Juniper Networks, Inc. (JNPR)
Relative volume is the comparison of current volume to average volume for the same time of day, and it's displayed as a ratio. Pitney Bowes Inc. (PBI) is recuperating from the fall at $12.31, the 52-week low. 3,701 are held by Mason Street Advsrs Ltd.

03 October 2017
Steelers LT Alejandro Villanueva wants media to leave him alone
Villanueva accidentally got too far out and couldn't backtrack while the anthem music played. "From the media. To use me as a tool to push agendas and to push message is completely unacceptable".