The financial terms of the deal were not disclosed. Jet already has been testing free same-day delivery of certain orders to customers there, Mr. Faust said. Walmart said that Parcel will continue to serve current clients. While Parcel stands to boost Walmart's same-day delivery prowess in the New York City area, it still has hefty competition from Amazon which offers same-day and two-hour delivery in a number of regions. "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.
The Walmart announced they had bought the East Williamsburg based delivery service Parcel Tuesday. The company has partnerships with several meal kit, grocery and e-commerce companies.
Walmart acquired Amazon rival Jet.com last year, and purchased online clothing retailers Bonobos and Mod-Cloth earlier this year.
The giant retailer has acquired Parcel, a Brooklyn, N.Y. -based company that handles scheduled and same-day delivery services in NY for online retailers like Bonobos and meal-kit companies like Chef'd and Martha Stewart's Martha & Marley Spoon. "Using routing algorithms, a fleet of leased trucks, and a professional, employee-based workforce, they're able to quickly sort and load packages for delivery routes".
In addition, Walmart is investing in grocery pick up and delivery programs to complement online shopping and grocery, which is available in more than 900 USA stores. However, it will also work for WMT to delivery goods for it in the future. "No problem" emblazoned on the side in big letters. 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.
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