Constantly seeking the top spot in the retail marketplace, Walmart continues to push the envelope, with aggressive overseas expansion and an overhaul of key departments, as we reported on our sister site, AndNowUKnow. The company has now made another move, recently announcing that it will be removing Jet.com’s fresh grocery delivery services from the New York City market.
“We learned a lot by testing Jet fresh grocery delivery in New York City, and we recognized the important role of our stores in providing an efficient way to offer groceries to customers through pickup and delivery,” the retailer disclosed in a statement. “We will focus our grocery pickup and delivery in markets where we have this incredible opportunity. Jet will continue to offer millions of dry grocery and general merchandise items to customers in major metros like New York City. And we’ll continue to test bold concepts that can offer convenience to our customers.”
Per several unnamed sources, this move includes the closure of Jet’s 200,000-square-foot facility in the Bronx, according to a report from Bloomberg.
Walmart’s connection with Jet began in 2016, when the retailer purchased the delivery company for over $3 billion. Many saw the acquisition as a direct strike against major competitors and as a decisive move to penetrate urban markets where Walmart's brick-and-mortar presence was lacking.
How will Walmart's latest move tie into its overall retail strategy? Deli Market News will continue to report.