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
Amazon.com Inc. Stock
The stock is one of the favorites of our community with 155 Buy predictions and 1 Sell predictions.
As a result the target price of 191 € shows a slightly positive potential of 12.8% compared to the current price of 169.32 € for Amazon.com Inc..