Walmart Bets On Online Food Spending In Chile And Mexico With Cornershop Acquisition

Key View Walmart's acquisition of Cornershop fits with its global omnichannel expansion strategy. The strategy allows Walmart to expand faster into Chile and Mexico at a time when it is cutting back its presence in riskier emerging markets. Chile and Mexico represent strong markets both from a grocery perspective but also in terms of e-Commerce uptake and future spending. The Latest: Global retail giant Walmart is acquiring Cornershop, an on-demand delivery company serving retailers in Mexico and Chile for USD225mn. The deal is subject to regulatory approval and is expected to be finalised by . . .

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