Wal-Mart Adds Parcel to Its E-commerce Portfolio
In this episode of Industry Focus: Consumer Goods, the cast breaks down Wal-Mart's (NYSE: WMT) logic in buying Parcel, a New York City-based delivery logistics start-up that enables urban dwellers to receive same-day and scheduled deliveries.
While Wal-Mart has many reasons to invest in Parcel's operation, its fight with Amazon.com (NASDAQ: AMZN) over the future of retail also plays into this purchase. Tune in to understand how this deal bolsters Wal-Mart's recent foray into online shopping and delivery.
A full transcript follows the video.
Source: Fool.com
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