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Walmart Inc. (wmt) makes a much larger room for New York City via its jet.com e-commerce unit
The retailer, which does not operate a single eponymous store in the five boroughs of the city, opens a run center in the Bronx, its northernmost borough, this fall for jet.com, the urban-based e-commerce company that she bought two years ago to $ 3 billion. (Walmart Inc. technically operates a New York store since it owns the Bonobos chain, which has a few small towns in the city, but there is no shop under its eponymous banner.) The news has been reported by the Wall Street Journal .
The Bronx site will initially only deal with Jet.com orders and products, but given the role played by the frequent flyer in upgrading Walmart 's digital efforts, it is likely he will deliver Walmart. com orders too. The company wants to use the facility to enhance its ability to deliver faster delivery the same day and the next day in New York. In September, Walmart CEO Marc Lore, who founded Hoboken, based in New York, said the retailer planned to offer same-day delivery to New York, and that this Bronx plant would help to reach goals. this. Jet will use the Parcel delivery service that he bought last year.
Since the purchase of jet.com in 2016, Walmart has refined the role of the unit in the expansion of its digital sales, which increased by 33% in the last quarter. cities, areas where Walmart has a more limited presence. The installation will help jet.com with faster delivery from the grocery store, where it can expect intense competition: Amazon.com offers super fast delivery through its services. Prime Now membership, and since its acquisition of Whole Foods last years, it is well established with physical locations in the country's largest cities. Jet.com will deliver everything from weekly groceries to iPhones to New Yorkers. Target offers same-day delivery for some store-bought items in New York and other major cities.
After slowing the growth of e-commerce, Walmart has promised to speed up sales and said it expects online sales to increase by 40% this year.
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