Costco Expands Same-Day Delivery via DoorDash and Uber

M&A · PartnershipIndustry
โดย FreightWaves·US·Read original
Summary · why it matters

Costco is expanding its same-day delivery network through new and broadened partnerships with DoorDash and Uber as it looks to grow e-commerce sales and compete with retailers like Walmart and Target. DoorDash announced that Costco members can now order groceries, dry goods, household essentials and other products through the DoorDash app for fast delivery from their local store, extending an existing relationship between the companies in Australia, New Zealand, Sweden, Iceland and Puerto Rico. Uber announced a major expansion of its Costco partnership to deliver products in 47 states, up from 17 states, with nearly 600 Costco locations now available on the Uber Eats app for on-demand and scheduled delivery. Costco is also available on Uber Eats in Canada, Mexico, Japan, Taiwan, France and Spain. The expansion of food and grocery delivery platforms into retail delivery underscores the rapid evolution of the parcel delivery market, where online sales now represent 16.5% of total retail sales and are growing at about 10% per year, according to the U.S. Census Bureau, while alternative carriers now make up about 8.5% of the parcel freight market, up from 2.6% of parcel volume in 2021, according to The Colography Group.

Impact on stocks 5

Consumer Staples · 3 stocks
Costco Wholesale Corp
COST
▲ PositiveDemandrelevance

Costco expands same-day delivery via DoorDash and Uber partnerships, growing e-commerce sales and reaching more customers.

Consumer Discretionary · 1 stocks
Robotics & Physical AI · 1 stocks
Uber Technologies Inc
UBER
▲ PositiveDemandrelevance

Uber expands its Costco partnership to 47 states and nearly 600 locations on Uber Eats.