Walmart opens a Jet grocery store in New York City
According to The Street.com, a concept store called Story has opened in a temporary location in New York City where Jet will be selling fresh groceries.
Jet will sell its grocery items - including fresh produce, ingredients and culinary merchandise - at the store for six weeks, the blog reported. Workshops and cooking classes will also be held at the store throughout the display period.
Walmart has been busy ever since it hired Jet.com founder Marc Lore to run its e-commerce business. Lore has been putting his stamp on the retailer by lowering the chain's free shipping threshold from $50 to $35 and shortening its delivery window by as many as three days. Under Lore's leadership, Walmart has been accelerating its focus on innovation initiatives and snatching up a handful of niche retailers.
Amazon, meanwhile, has been working to open AmazonFresh grocery stores in Seattle, as well as a grocery pickup service. The retailer also lowered its shipping fees this week.
See photos of the new Walmart/Jet concept here.
Read more about the concept by clicking here.