Walmart acquires NYC delivery service Parcel

Walmart acquires Parcel
By Jon Springer.

Wal-Mart Stores has acquired Parcel, a technology-enhanced delivery company with experience in same-day perishable delivery, with an eye on using the company to build on efforts to provide same-day fulfillment on online orders through Jet and Walmart in New York City.

A purchase price was not disclosed, although Walmart in a statement said the consideration was “smaller than previous acquisitions we’ve made this year,” which would include the outdoor apparel retailer Moosejaw, which it acquired in January for $51 million.

Parcel uses routing algorithms, a fleet of leased vehicles, and a professional, employee-based workforce to quickly sort, load and deliver packages to customers. Its current clients — who it will continue to serve, Walmart said — include meal kit companies like Chef’d and Purple Carrot.

Read more at Supermarket News.

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