Walmart Acquires Same-Day-Delivery Startup

Wal-Mart buys delivery logistics startup Parcel

Faust said NY, where Parcel is based, is the top market for both Jet and Walmart.com due to the density of the population.

The idea is for Parcel to help Walmart with the most expensive final stretch of its same-day and scheduled shipping throughout the city.

Walmart this morning said it has acquired Parcel, a NY company that does scheduled same-day deliveries of packages and meal kits, accounting for the "last mile" of the shipping process.

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.

The extreme density of the New York City area makes it a complicated market for delivery. Packages are often sent back to the post office, which tend to close in the early evening. Parcel's delivery vans have "No doorman?" The service allows customers to schedule delivery times for their packages, which solves the problem apartment dwellers face when they don't have a door person to let a delivery person into the building.

Walmart gained serious ground against Amazon on Tuesday in the battle for supremacy in the online delivery game.

Second-year QBs Goff, Prescott meet
The Los Angeles Rams suffered the worst attendance drop in the National Football League since 1993, according to FiveThirtyEight . Todd Gurley scored the go-ahead touchdown on a 53-yard catch-and-run, and Greg Zuerlein kicked a career-high seven field goals.

Walmart has already been testing out rush deliveries in the city via their website Jet, said Nate Faust, the senior vice president of Walmart's eCommerce supply chain in the United States.

Wal-Mart said in June it would buy online men's fashion retailer Bonobos Inc for $310 million, on the same day Amazon unveiled a $13.7 billion deal to buy upmarket grocer Whole Foods Market Inc. Parcel receives packages from a variety of partners at its Brooklyn warehouse and uses routing algorithms and a fleet of vans driven by employees to offer same-day, overnight and two-hour package delivery windows. Unlike Amazon, however, Parcel says that its deliveries are made through an all-employee workforce.

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