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Jet.com

Walmart acquires delivery company Parcel

Walmart acquires delivery company Parcel

BENTONVILLE, Ark. —Walmart has acquired Parcel, a company specializing in same-day delivery of perishable and non-perishable goods to customers in New York City. “Delivery is increasingly one of the most important elements for today’s online shoppers, as demands for speed, flexibility, and reliability continue to grow,” Nate Faust, senior vice president, Walmart U.S. e-commerce supply

Walmart said to be close to buying Bonobos

Walmart said to be close to buying Bonobos

BENTONVILLE, Ark. — Walmart is reportedly close to making a deal that would put men’s apparel retailer Bonobos Inc. under the umbrella of its Jet.com e-commerce unit. The negotiations were reported by technology website Recode, which cited unnamed sources with knowledge of the matter. Bonobos, based in New York, sells men’s suits, dress shirts, outerwear,

Walmart to streamline way it buys for web site

Walmart to streamline way it buys for web site

NEW YORK — Walmart plans to streamline its buying process so that the same merchants can purchase products for the retailer’s stores and its web site, according to published reports. The move should help Walmart leverage its considerable buying power to make its online offering more compelling to consumers. The new approach will mean that

Walmart gets serious about e-commerce

Walmart gets serious about e-commerce

Walmart’s decision to acquire Jet.com speaks volumes about how the leadership team at the world’s largest retailer sees the impact of e-commerce on the consumer goods market, the company’s future role within the sector, and the transformation of the corporate culture created by Sam Walton more than half a century ago to ensure that Walmart