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Wal-Mart buys delivery logistics startup Parcel

Staff Writer |
Wal-Mart Stores said it has acquired Parcel Inc, a New York-based last-mile delivery startup.

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Parcel, a 24/7 operation that delivers packages the same-day, overnight and in scheduled two-hour windows, was bought for an undisclosed amount “smaller than previous acquisitions” Wal-Mart made this year, the discount retailer said.

"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," Wal-Mart said in a blog post.

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