Walmart buys NYC’s Parcel

NEW YORK (AP) — Walmart is sharpening its same-day delivery skills through the acquisition of a small, New York City company.

Walmart said Tuesday that Parcel, with a warehouse in Brooklyn, has learned to deftly navigate densely populated areas and get groceries to customers fast. That last leg is key for all retailers in a transformed landscape where the ability to deliver at speed and with low costs brings tremendous advantages in fending off competitors like Amazon.com