Walmart Buying Cornershop To Boost Presence In Latin America

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Walmart has announced it is acquiring Cornershop, a leading online marketplace for on-demand delivery from supermarkets, pharmacies and specialty food retailers in Mexico and Chile.

“We are focused on making life easier for customers and associates by building strong local businesses, powered by Walmart,” Judith McKenna, president and CEO of Walmart International, said in a press release. “Cornershop’s digital expertise, technology and capabilities will strengthen our successful businesses in Mexico and Chile and provide learning for other markets in which we operate. This is an opportunity to leverage both of our brands, as well as Walmart’s strong supply chain and store network. Combining Cornershop’s innovative, crowdsourced delivery platform with Walmart’s unique assets will allow us to

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