Wednesday, 18 October, 2017

Walmart acquires NYC delivery service Parcel

Above Parcel Above Parcel
Jerome Frank | 05 October, 2017, 00:55

Although he has touted in-store pickup services as the most efficient and cost-effective way to accomplish last-mile delivery across Walmart's store base nationwide, Lore clearly aims to compete with Amazon and other retailers' delivery efforts in larger cities. Walmart will now be able to tap into Parcel'shomegrownn familiarity with the market. It acquired the e-commerce platform Jet.com for $3 billion past year. "That's why my team spends a lot of time thinking about ways we can make deliveries faster and more convenient for customers", Faust said. Lore moved into his current role after Wal-Mart completed the $3.3 billion acquisition of online retailer Jet.com in September 2016.

Outside of New York, Walmart and Jet have offered free two-day shipping for orders of $35 or more, an attempt to blunt the popularity of Amazon's two-day guarantee for members of its Prime program.

So far, Walmart has expanded its e-commerce offerings into those traditional left-leaning cities without much of a fight.

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.

Parcel works 24 hours a day delivering packages - overnight, same-day, and even in two-hour windows - using routing algorithms, a leased fleet of trucks and a workforce to quickly sort and deliver customer packages. Through that company's technology and carrier network, Target has been testing same-day deliveries in the city's TriBeCa neighborhood.

Walmart is working to become a major player in urban areas like New York City, calling the Big Apple the company's top market, and rapid delivery is an important piece of that plan. Jet already delivers some orders for no extra fee on the same day they are ordered. As the cyber and delivery aspects of produce and grocery continue to grow, AndNowUKnow will bring you the latest. And recently, Walmart starting testing out an option that would give delivery drivers access to a customer's home so that groceries ordered online could be put in the fridge if the customer isn't home. Faust said that the city is the "perfect place for high-impact innovation".

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