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Tuesday, October 03, 2017

Wal-Mart Buys Parcel to Compete with Amazon

Walmart buys Parcel in latest attempt to battle Amazon delivery machine  by Valentina Palladino in ArsTechnica

Walmart comes to New York in the most Amazon-like way.

Walmart is trying to beat Amazon at its own game and the company's latest acquisition will give it a better shot at that, at least in the New York City area. Walmart announced it has acquired Parcel, a Brooklyn-based delivery company that specializes in scheduled and same-day package delivery of traditional items as well as groceries, meal kits, and other perishables. The acquisition price has not been disclosed by Walmart or Parcel, but a Recode report suggests the deal closed at less than $10 million..... " 

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