Walmart Acquires Same-Day-Delivery Startup

Walmart's Jet.com to launch its own grocery brand

Jet.com, which Walmart purchased previous year, has been testing free same-day delivery for some items in NYC, but Parcel's infrastructure will allow the company to expand those offerings.

The deal, which Recode valued at less than $10 million, bolsters Walmart's ability to offer rapid delivery options in NY, something Walmart subsidiary Jet.com has already been testing.

Walmart's acquisition of Parcel will supercharge the retailer's efforts to bring same-day delivery to NY.

Nate Faust, senior vice president of Wal-Mart's USA 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 said it chose Parcel due to its New York City location, which they note is the flawless place for high-impact innovation.

"But I see even more upside for our own same-day deliveries".

Dodgers, Indians Are Betting Favorites In MLB Playoffs
Same for the Dodgers' choice to bring back both Justin Turner and Kenley Jansen and the Astros' decision to remake their lineup. The Rockies had their eyes on the playoffs from the beginning and quietly crept into the postseason as a wild card.

In a blog post, Walmart says "Parcel uses routing algorithms, a fleet of leased vehicles and a professional, employee-based workforce to quickly sort, load and deliver packages" to customers.

Wal-Mart Stores, Inc. has acquired Parcel, a last-mile delivery start-up based in NY.

"New York City is a really unique and complicated market, and that mastery is really rare", Parcel founder and CEO Jesse Kaplan said in an interview. "Whatever they need and however they'd like it, we aim to provide - including the ability to offer last-minute ordering with same-day delivery service". Last month, Walmart revealed plans for a pilot grocery-delivery program where drivers put customers' perishable food directly into their refrigerators.

Parcel allows customers to schedule deliveries for when they will be home amd receive text messages with updates on when their order will arrive. Parcel raised just under $2 million in funding before the acquisition.

But success could give Wal-Mart the confidence to introduce similar same-day delivery service to other large cities, according to Kent. Further innovations range from associate delivery to in-building and in-fridge delivery with Latch and August Home.

Related News:

  • After protest, Rahul allowed to visit Amethi

    After protest, Rahul allowed to visit Amethi

    Congress sources said that Rahul would not defer his visit despite the district administration's reluctance to arrange security. The administration is ready for his visit on the original dates as the Congress MP wanted to stick to his schedule, he said.
    Google is going to stop punishing news sites that have paywalls

    Google is going to stop punishing news sites that have paywalls

    The goal is to help publishers identify possible subscribers and build a better subscription model, Google said. The move could help them boost subscriptions whilst retaining more control over their business models.
    Reactions To Westbrook's Contract Extension

    Reactions To Westbrook's Contract Extension

    The Thunder was built on the success of the draft and rebuilt on Sam Presti engineering trades to surround Westbrook with talent. He joined Hall of Famer Oscar Robertson (1962) as the only players to average a triple-double over an entire season.
  • Police believe Las Vegas shooter planned to attack another music festival

    Police believe Las Vegas shooter planned to attack another music festival

    The news site visited the Ogden , a 21-story luxury condominium tower, and stated that it was "in line of sight to the concert-grounds".
    Jurgen Klopp admits he wanted to sign Romelu Lukaku over the summer

    Jurgen Klopp admits he wanted to sign Romelu Lukaku over the summer

    Jurgen Klopp has backed his faltering forwards to come good as Liverpool aim to rediscover their scoring touch at Newcastle . He was by some distance Klopp's most risky player and produced his goal from a nothing situation.
    Soldier on LoC killed in Pakistani firing

    Soldier on LoC killed in Pakistani firing

    Pakistan's Foreign Ministry summoned the Indian envoy over the violence, citing similar violence on Saturday. Bodies of all the five militants have been recovered, Kalia said.
  • Las Vegas shooting exposes tenacity of fake news on Google and Facebook

    Las Vegas shooting exposes tenacity of fake news on Google and Facebook

    The report said that there were many articles shared where a comedian was pointed fingers at. Facebook said its security staff had seen the post and removed it.
    Derek Carr injured but Raiders not lost

    Derek Carr injured but Raiders not lost

    Will the Raiders still be.500 at that point? The Raiders hope they are better equipped to handle the absence this year with E.J. As such, Manuel will be under center in a really important Week 5 game against Baltimore this upcoming Sunday at the Coliseum.
    Melvin Gordon, start or sit?

    Melvin Gordon, start or sit?

    They're just not from Los Angeles. "I expect everybody's attention to be on the Eagles, get ready to play football", Lynn said. Today's game takes place from the Gillette Stadium in Foxborough, Massachusetts and has a scheduled start time of 1 p.m.
  • $1.4 million raised so far for Las Vegas shooting victims

    $1.4 million raised so far for Las Vegas shooting victims

    Sahara". "And I feel like right now is just the time for everyone to come together and not be divided based on political beliefs". The account was created with a goal of $3.5 million, and as of Tuesday morning more than $3.1 million had been donated .
    Suspect arrested in Georgia officer shooting

    Suspect arrested in Georgia officer shooting

    Polk County Assistant County Manager Barry Akinson tells the paper the officer killed was a Polk County police detective. Hearne began her career in law enforcement almost a decade ago but had been serving in Polk County for five years.
    Carlo Ancelotti 'could be sacked today' as Bayern Munich plan crisis talks

    Carlo Ancelotti 'could be sacked today' as Bayern Munich plan crisis talks

    Former player Willy Sagnol , the ex-France global who had been serving as an assistant to Ancelotti, has been named interim coach. Carlo is my friend and will remain, but we had to make a professional decision in the sense of FC Bayern.


Most liked

3 militants, BSF man killed in Humhama Fidayeen attack
Soon after the attack, a hurriedly convened security-review meeting discussed the "possible security measures" for the future. At around 4:10 am today, the three terrorists targeted the BSF camp with indiscriminate automatic gunfire and grenades.

Army Veteran Slams NFL Players For Kneeling During National Anthem
We stand for the principles that our country was founded on and for the soldiers who have died protecting our freedom. "It's not about the flag, it's about the First Amendment", they argue, ignorantly or disingenuously.

Las Vegas shooting: Suspect's family "shocked, horrified, completely dumbfounded"
Here's what we know so far about the man responsible for the deadliest mass shooting in modern USA history. The wife of Stephen Paddock , a time desired by the forces of the order, was located "abroad", he said.

North Korea: Millions sign up for military to fight against US
They say the threats could have an opposite effect, intensifying the deteriorating situation in the Korean peninsula. Another day, another chapter in the ongoing escalation of tensions between the U.S. and North Korea.

Puerto Rico: The GOP's Katrina?
In a series of tweets Saturday, Trump accused the mayor of "poor leadership " and want the government to do everything for them. In a separate tweet, he added , "She (Cruz) has been working 24/7".

NAB court defers Sharif's indictment till Oct 9
The NAB official told the court that orders had been delivered to the security guard at the residence of Sharif family in Lahore. The children are now in London with Sharif's wife - Kulsoom Nawaz - who is undergoing treatment for throat cancer.

Huge blow to Chelsea's title charge as star player suffers injury
And he had taken that form onto the global stage as he bagged for Spain for Spain against Italy at the beginning of September. The injured ex-Real Madrid and Juventus star is now likely to miss four crucial top-flight matches.

Minnesota Vikings RB Dalvin Cook out with knee injury
Dalvin Cook found the end zone for the Vikings for the first touchdown of the game and his second of the season. With Cook out, the Vikings will turn to Latavius Murray and Jerrick McKinnon to handle the rushing workload.

Lewis Hamilton speaks out after Malaysian Grand Prix: Mercedes have BIG problems
More importantly, Daniil Kvyat has just been abysmal since being demoted from Red Bull . Hamilton takes a 34-point lead over Vettel into the race at the famous Suzuka track.

Ed Orgeron and LSU Hit Rock Bottom in Home Loss to Troy
Prior to this, Troy never trailed the Tigers in Baton Rouge, forcing a turnover in the game's first play from scrimmage. Alex Hornibrook passed for 197 yards and a touchdown, settling down after two interceptions in the first half.

Manchester City's Benjamin Mendy to undergo surgery for ruptured knee
But, yesterday, speaking to Radio Metro de Argentina, Aguero said: "The taxi driver did not see the curve and skidded".

Arsenal beat Brighton 2-0 in EPL
The France global became the first Arsenal player to score in his first three home games for the club in the Premier league era. Arsene Wenger has now beaten 45 different opponents in the @ premierleague , more than any other manager (Alex Ferguson, 44).

Malaysian GP: Vettel on top as Grosjean crash ends FP2 early
I think the vehicle was in a much better position but I think we were something like four- or five-tenths off the other guys", he said.

Air France flight to Los Angeles diverted after engine damage
The landing happened "normally" on this military base, which is an airport said to release on the air routes across the atlantic. PASSENGERS have told of their terror after a plane's engine seemingly fell to pieces mid-air. "We heard this tremendous bang".

Trump Comes to Asia
His remarks stirred controversy, especially as it came ahead of President Moon Jae-in's first summit with U.S. As part of efforts to reach out to key opinion leaders, Kim will meet with the former U.S.