Walmart NYC based Parcel

Walmart has acquired a same-day, last mile delivery firm in New York called Parcel.

While Walmart declined to disclose how much it paid, it did say “it was smaller than previous acquisitions we’ve made this year”.

The retail giant described Parcel as a “24/7 operation that delivers packages the same-day, overnight and in scheduled two-hour windows”.

In a notice posted on the Walmart website today (3 October), Nate Faust, senior vice president, Walmart U.S. eCommerce Supply Chain, said: “Parcel has partnerships with several meal kit, grocery and e-commerce companies, and has delivered more than 1 million meals in the past two years. So our immediate plan is for Parcel to continue serving its existing clients and growing its customer base. There’s a lot of upside and I’m excited about the potential there.

“But I see even more upside for our own same-day deliveries. Jet has been testing free same-day delivery of certain orders to customers in New York City. We can build upon that and plan to leverage Parcel for last-mile delivery to customers in New York City – including same-day delivery – for both general merchandise as well as fresh and frozen groceries from Walmart and Jet.”

Faust said that Parcel’s links to the Big Apple made the acquisition particularly attractive to Walmart.

“New York City is the top market for both Jet and Walmart.com, and because of the density of the area – along with the proximity of our fulfillment centers – it’s the perfect place for high-impact innovation,” said Faust. “Born and bred in New York City, Parcel has developed unique expertise delivering to customers in a distinctly challenging and essential market. This acquisition allows us to continue testing ways to offer fast delivery while lowering our operating costs.”
 
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