Walmart Announces the Acquisition of Parcel, a Technology-Based, Same-Day and Last-Mile Delivery Company

As we continue to focus on new ways to serve customers, Walmart has acquired Parcel, a technology-based, same-day and last-mile delivery company based in New York. Here are the key facts about the deal:

What we announced

  • Walmart has acquired Parcel, a technology-based, last-mile delivery service that specializes in perishable and non-perishable delivery to customers in New York City.
  • As a 24/7 operation that delivers packages the same-day, overnight and in scheduled two-hour windows, Parcel uses routing algorithms, a fleet of leased vehicles, and a professional, employee-based workforce, to quickly sort, load and deliver packages to customers.
  • The acquisition price was not disclosed, though it was smaller than previous acquisitions we’ve made this year.
  • The deal closed on September 29, 2017.

What it means

  • 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.
  • Also, Parcel will continue servicing its current clients and adding others, operating from its New York City headquarters where it can accelerate and scale over time.
Parcel delivery services
Parcel delivery services
A man stands beside a delivery vehicle outside
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