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Walmart seeks last-mile work via start-up scheme called 'Store No 8'
US RETAIL giant Walmart has announced its intention to offer last-mile delivery services with the launch of "Store No 8", a new start-up incubator programme in Silicon Valley, according to Mobility Buzz an online news portal.
The incubator is an internal venture meant to foster online retail businesses for the US$213 billion Walmart empire. The purpose of Store No 8 is to "invest in ideas that have the ability to transform the future of e-commerce", said Walmart public relations director Ravi Jariwala.
And this includes last-mile delivery, for which the company is perfectly positioned to dominate, he said, reported New York's Air Cargo World.
The incubator is an internal venture meant to foster online retail businesses for the US$213 billion Walmart empire. The purpose of Store No 8 is to "invest in ideas that have the ability to transform the future of e-commerce", said Walmart public relations director Ravi Jariwala.
And this includes last-mile delivery, for which the company is perfectly positioned to dominate, he said, reported New York's Air Cargo World.
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