Walmart is continuing to strengthen its in-house capability to deliver online orders. The discount giant is purchasing the talent, technology platform, and intellectual property of JoyRun, a Silicon Valley-based startup. JoyRun operates a peer-to-peer last-mile delivery platform which enables users to pick up and deliver items for friends and neighbors. JoyRun has built a network of more than 540 official retail partners, and more than 30,000 people have served as drivers or “runners” since the compny launched in 2015. According to Walmart, this acquisition allows it to further augment its delivery team and support ongoing efforts to explore more ways to deliver online orders in the future. In a LinkedIn post announcing the acquisition, Srini Venkatesan, executive VP of Walmart Global Tech, said that JoyRun runners could complement Walmart’s Spark program for independent delivery contractors, as well as third-party delivery providers such as Instacart.
As one of the fastest-growing brands within our Gap Inc. franchise portfolio, Old Navy continues to build an international presence and attract new customers across the globe with fun, on-trend and fashionable products at a value for the family. Last year, the Old Navy franchise business was focused on expanding in Latin America through franchise partnerships, launching for the first time in Chile, El Salvador, Dominican Republic, and most recently, in Ecuador.
These latest launches in the region underscore the brand’s commitment to Gap Inc.’s ‘Partner to Amplify’ strategy, which focuses on working with best-in-class companies who are experts in their markets to reach new and existing customers while supporting the business in a new and cost-effective way.
“In line with our previous franchise launches in Latin America, we continue to see that the region has incredible potential for a brand that brings accessible and affordable fashion to all families,” said Adrienne Gernand, Managing Director of International, Global Licensing and Wholesale at Gap Inc. “Old Navy’s products and family-friendly shopping environment are connecting with the customers in this market, and we are excited about the continued growth and partnership to come.”
The Ecuador openings kicked off in October in the city of Guayaquil at Mall del Sol, which is centered in the heart of the city. Opening weekend celebrations included gifts, promotions and surprise activities for the whole family, creating a memorable experience to mark the brand’s official welcome to the market. Local reactions to the store have been very positive, with graphic tees ranking as one of the initial top selling categories, proving customers’ excitement about Old Navy’s arrival in the country.