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Walmart Acquires Same-day Delivery Company in NY

| October 5, 2017

Walmart

According to recent news reports, Walmart Stores Inc. (WMT) said it has acquired Parcel, a New York City-based same-day delivery service company.

The company did not disclose the financial details of deal, however, one report suggests that the deal was closed at less than $10 million.

In a mode similar to Amazon, Walmart most likely plans to use Parcel, which provides same-day, overnight and in scheduled two-hour windows delivery service, to deliver groceries, frozen products and other perishables to customers in New York City.

Parcel, which has partnerships with a number of meal kit, grocery and e-commerce companies, will also continue to service its current clients.

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Category: Featured, General Update, News

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