The battle between Walmart and Amazon just escalated

05 October, 2017, 00:53 | Author: Clint Gray
  • Walmart's Jet.com to launch its own grocery brand

"We plan to leverage Parcel for last mile delivery to customers in New York City-including same-day delivery-for both general merchandise as well as fresh and frozen groceries from Walmart and Jet", the company said in a blog, referring also to e-commerce retailer Jet.com which it bought past year for $3.3 billion.

The company is partnering with Uber on a grocery delivery test, dropping off online orders from stores in a handful of markets such as Phoenix, Orlando, Fla., Tampa, Fla., and Dallas. They've built a technology platform from the ground up to automate their operations and provide clients and customers with live updates throughout the delivery process.

This New York-centric acquisition has the fingerprints of Marc Lore, Walmart U.S. e-commerce chief and Jet founder, all over it.

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"Customers' expectations around delivery and what is possible have changed significantly in the past couple of years", Faust said in an interview on Wal-Mart's official blog.

But, Faust said he sees even more upside for the retailer's own same-day deliveries.

Wal-Mart Stores Inc (NYSE:WMT) is planning to offer same-day delivery in NYC.

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Walmart subsidiary Jet.com already offers same-day delivery on some orders in certain areas for no additional cost. It will allow the retailer to deliver fresh, frozen and perishable goods to customers in the city. Walmart also announced that Parcel would continue to dole out services to existing customers, which are growing at a rapid rate, which adds another revenue stream for Walmart.

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

"From a warehouse in Brooklyn, Parcel receives packages destined for customers throughout New York City", he said. As the cyber and delivery aspects of produce and grocery continue to grow, AndNowUKnow will bring you the latest. Recently, the retailer began testing "in-fridge delivery", a service that stocks a customer's refrigerator while he or she is away from home.

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