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DoorDash, Inc. (DASH)
After hours:
- Financial Times
Ecommerce’s low stocks, high ambitions
Ecommerce specialists Alibaba, DoorDash, Ocado and Shopify have steep falls in their share prices in common, but also a determination to prove they can still adapt their business models and expand. Food delivery company DoorDash has signed an exclusive deal to build warehouses for Canada’s largest grocery chain, intensifying its competition with rival Instacart, reports Dave Lee in San Francisco. The agreement is the first of its kind for DoorDash and the warehouses will handle delivery within 30 minutes for about 5,000-8,000 products sold under Loblaw’s President’s Choice brand.
- Financial Times
DoorDash teams up with grocer Loblaw as ultrafast delivery rivalry heats up
US food delivery company DoorDash has signed an exclusive deal to build warehouses for Canada’s largest grocery chain, intensifying its competition with rival Instacart. The warehouses will handle delivery within 30 minutes for about 5,000-8,000 products sold under Loblaw’s President’s Choice brand, licensed to a newly created DoorDash subsidiary. The agreement is the first of its kind for DoorDash, the US market leader in restaurant delivery, as it seeks to build out its capabilities for rapidly delivering groceries and convenience items.
- CNW Group
DoorDash and Loblaw announce PC Express™ Rapid Delivery, a new and innovative offering to bring express delivery of grocery and convenience items to customers in Canada
DoorDash, Inc. (NYSE: DASH) (DoorDash) and Loblaw Companies Limited (TSX: L) (Loblaw) today announced a collaboration that will bring a new and innovative grocery delivery service to customers in Canada. Starting this August, PC Express™ Rapid Delivery will make grocery and convenience items available to customers in an expected1 express delivery time of 30-minutes-or-less.
