Walmart Should Have Bought Innovel Before Costco Nabbed It
As difficult as it is to believe in the midst of coronavirus-mania, companies are still doing other things besides managing the fallout from the contagion. Granted, responding to COVID-19 is the priority, but organizations continue to plan for the day when the coronavirus outbreak is in the rearview mirror.
Case in point: A week ago, club-based retailer Costco (NASDAQ: COST) acquired delivery outfit Innovel from Transformco, which is closely affiliated with struggling retailer Sears. It even provides so-called "white glove" delivery and installation services for Sears' big-box items like appliances, mattresses, and television.
It's noteworthy for a handful of reasons, chief among them being that it gives Costco a means of solving shoppers' big impasse when it comes to something like buying a refrigerator. Secondarily, Innovel could be the seed of a operation that's equipped to handle smaller orders like groceries or toiletries.
Source Fool.com