Costco and Uber Expand Delivery Partnership to 47 States and Nearly 600 Warehouses

M&A · Partnership
โดย GuruFocus·US·Read original
Summary · why it matters

Costco Wholesale and Uber Technologies are sharply expanding their U.S. delivery partnership, making Costco available through Uber Eats in 47 states and nearly 600 warehouses, up from 17 states previously. Costco members can now order groceries, fresh produce, household essentials, bulk products and Costco-exclusive merchandise through Uber Eats for either scheduled or on-demand delivery, entering their membership information at checkout to access member pricing while Uber handles ordering, delivery scheduling and real-time tracking. The companies are also tying the expansion to their membership programs: eligible Costco members can receive 50% off an annual Uber One membership in the first year and 20% off in following years, participating Costco locations and Costco.com will temporarily offer $100 Uber or Uber Eats gift cards for $79.99, customers who buy a Costco membership through Uber Eats can receive 30% off their first qualifying Costco order, and Uber One members receive no Uber fees on eligible grocery and retail orders above $60. Costco already works with Uber Eats internationally in Canada, Mexico, Japan, Taiwan, France and Spain. Uber COO Andrew Macdonald said the nationwide partnership demonstrates the scale and opportunity Uber can bring to retailers looking to meet more of consumers' everyday shopping needs.

Impact on stocks 2

Consumer Staples · 1 stocks
Costco Wholesale Corp
COST
▲ PositiveDemandrelevance

Costco expands its delivery reach to 47 states and nearly 600 warehouses via Uber Eats, broadening customer access to its products.

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

Uber Eats adds Costco nationwide across 47 states and nearly 600 warehouses, expanding its retail delivery offering and order volume.