NEW YORK (AP) — Walmart is sharpening its same-day delivery skills through the acquisition of a small, New York City company.

Walmart said Tuesday that Parcel, with a warehouse in Brooklyn, has learned to deftly navigate densely populated areas and get groceries to customers fast. That last leg is key for all retailers in a transformed landscape where the ability to deliver at speed and with low costs brings tremendous advantages in fending off competitors like Amazon.com.

The announcement comes just a few days after Wal-Mart Stores Inc. introduced higher-end, online groceries that are aimed at younger urbanites. Parcel will deliver fresh and frozen groceries from Walmart and its company, Jet.com, as well as general merchandise. Walmart purchased online retailer Jet for more than $3 billion last year.

Walmart’s focus on fast, local delivery shows how priorities have shifted for major retailers as they travel to shoppers’ homes, rather than the other way around.

Nate Faust, senior vice president of Walmart’s U.S. eCommerce supply chain, said in a company release that Parcel already has partnerships with several meal kit, grocery and e-commerce companies, and has delivered more than 1 million meals in the past two years. Walmart plans to grow that base.

Walmart is not saying how much it paid for Parcel, other than that it was smaller than a number of acquisitions it’s made in the past year. The transaction closed on Friday.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

More From CBS Tampa

Gov. Rick Scott Announces Senate RunFlorida Gov. Rick Scott formally announced his run for the U.S. Senate seat held by Democrat Bill Nelson.
Topless Protester Charges Bill CosbyA topless protester with "Women's Lives Matter" written on her body jumped a barricade and got within a few feet of Bill Cosby on Monday.
Best Party Beaches Around Tampa BayIt's illegal to drink alcohol on most of Tampa Bay's beaches - unless you know about these next six locations.

Listen Live