Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

DoorDash, Albertsons Rise On Tie-Up To Deliver On-Demand Grocery

Published 2021-06-21, 12:26 p/m
Updated 2021-06-21, 12:26 p/m
© Reuters

© Reuters

By Dhirendra Tripathi

Investing.com – Shares of DoorDash (NYSE:DASH) and Albertsons Companies (NYSE:ACI) gained during Monday’s trading as the two companies signed an agreement to offer grocery delivery within an hour.

As retail expands and the lines between digital and offline blur with each entering the other’s territory, quicker delivery of groceries is fast turning out to be a challenging turf and one that many are fighting to ace.  

DoorDash rose more than 5% and Albertsons over 2%.

DoorDash will use its logistics network to deliver groceries from 2,000 Albertsons stores including Safeway, Vons and Jewel-Osco for orders placed from its marketplace app.

Albertsons will offer more than 40,000 grocery items from stores for delivery via DoorDash, including fresh and prepared food, core grocery, floral and convenience items at select stores.

The partnership includes both immediate and long-term initiatives, including supporting the expansion of Albertsons' first-party grocery delivery business with DoorDash Drive, launching a custom loyalty program, expanding delivery hours, and offering a unique selection including specialty items, prepared meals, meal kits and new concepts, a DoorDash note said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.