The Wall Street Journal: FedEx-Walmart partnership could create ‘mini-fulfillment centers’ in the future [MarketWatch]
FedEx Corporation (FDX)
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Source: MarketWatch
FedEx-Walmart partnership could create ‘mini-fulfillment centers’ in the future The new partnership between FedEx Corp. and Walmart Inc., which will put 500 FedEx Office locations in Walmart stores nationwide, could create “mini-fulfillment centers” in stores, a boon for both companies, according to Credit Suisse analysts. FedEx FDX, -1.18% and Walmart WMT, +0.26% have agreed to open the new FedEx Office locations nationwide over the next 24 months. The news comes after a pilot program that spanned 47 locations across six states. “Longer term, there appear to be many opportunities on the table to utilize Walmart’s retail stores to build out an omnichannel presence via this collaboration (potentially including a carve-out of a store for a mini-fulfillment center) — which should position both companies well as supply chains continue to evolve to meet the needs of consumers,” wrote Credit Suisse analysts led by Allison Landry. Read: FedEx says it won’t cut ties with NRA despite
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