Walmart’s growing investments and tie-ups in online delivery services across the globe are mirrored by the acquisition of the Latin American Cornershop, which offers its service through a mobile app and was founded in the US. The deal will quicken deliveries for Walmart, Superama, and Sam’s Club stores in Mexico, according to analysts.
Walmart aims to deliver food to more than 40% of the US’ households by the end of 2018 by using delivery companies. In Canada, the company has plans to team up with startup Instacart for on-demand grocery deliveries. In Mexico, traditional retailers are increasing investments in logistics, technology, and product offerings to meet the growing demand for online shopping, including in the food and drink sector.
The Cornershop deal is expected to close by the end of 2018, according to Walmart, adding that the app would remain an open platform, serving various grocery and specialty food stores.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.