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Walmart Opening A New place in NY, But It’s Not A Shopping outlet.

10 Jul 2018 3:01 PM

Walmart, the retail giants are planning to open a huge fulfillment center in the Bronx after more than a decade of attempts, but it won’t be a Walmart store. The Wall Street Journal reported Tuesday,  the fulfillment center will be for Jet.com, which is an e-commerce start-up based in Hoboken, New Jersey. Walmart acquired Jet.com roughly two years ago for $3.3 billion in cash and stock. The online company sells everything from groceries to electronics, and will offer same-day Grocery delivery service to New York out of the new fulfillment center, according to reports. They will be competing  with similar online same day grocery delivery services like Amazon-Whole Foods, Instacart and FreshDirect.

Walmart has said that the center will not ship Walmart products initially, but have left open the possibility for that to happen in the future.

A Jet spokeswoman said the warehouse opening will bring hundreds of new jobs to the neighborhood.

The center is expected to open in the fall.

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