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Walmart's Jet.com To Offer Same-Day Delivery In NYC

Walmart Inc.'s Jet.com said on Tuesday it will open a new fulfillment center in New York City this fall, making the largest city in the United States one of its first markets for same-day delivery.

The fulfillment center in the Bronx borough will exclusively stock Jet's own products, but a company spokeswoman did not rule out selling Walmart's products in the future.

Investing In E-Commerce

Walmart has been investing heavily in its e-commerce business, through its own website and Jet.com, with the company saying it is on track to increase online sales by 40% this fiscal year.

Jet.com, which Walmart bought in 2016 for about $3 billion, will offer New Yorkers everything from weekly groceries to iPhones.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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