After raising an eye-opening $3.4 billion in its IPO, DoorDash is spending its funds strategically. For starters, the delivery company is acquiring meal preparation startup Chowbotics. DoorDash’s revenue rose 226% year-over-year, to $1.92 billion, in …
Hotel occupancy in the U.S. fell to a record low 44% in 2020, according to travel research firm STR. “2020 was a complete wash due to international travel restrictions amongst various countries and also within …
The meal kit and fresh food segments have experienced tremendous growth over the course of the pandemic on a combination of limited dining-out options, families with little time to spare for preparing and cooking food, …
Uber customers in California will see higher prices for rides and food deliveries to cover new driver protections, reported CNN (Dec. 14). The flat fees, ranging from $0.30 to $2, will take effect on Dec. …
DoorDash raised $3.4 billion in its IPO, making it the second highest IPO in 2020, according to Renaissance Capital. The IPO represents a year of massive growth for the food delivery company. In the first …
U.S. online grocery sales reached $8.1 billion during November, continuing a trend of more than $8 billion in monthly sales dating back to May, according to the Brick Meets Click/Mercatus Grocery Shopping Survey. The survey …
Grubhub released its 2020 Year in Food report, analyzing what foods were most popular with diners this year. Consumers turned back to comfort foods and caffeine to get through the pandemic, turning away from vegan …
The National Retail Federation (NRF) expects holiday sales will rise in 2020 when compared to 2019 as consumers search for reasons to celebrate during the pandemic. The group forecast holiday sales in November and December …
The year 2020 has been like no other in recent memory. The pandemic has left Americans with many new government-enacted laws which were instituted in order to keep people as safe as possible and they …
Ahold Delhaize will acquire a majority stake in FreshDirect, with plans to accelerate its growth online and around New York, reported Winsight Grocery Business (Nov. 18). The acquisition will allow Ahold Delhaize to begin its …
Amazon opened an online pharmacy Nov. 16, allowing customers to order medications and prescription refills for delivery, reported CNBC (Nov. 17). The retail giant has been building its pharmacy offering for several years now. In …
DoorDashfiled for its IPO on Nov. 13, reported The Wall Street Journal (Nov. 13). The filing revealed the company’s rapid growth during the pandemic, as revenue for the September quarter more than tripled from the …
Rising COVID-19 cases in several states have led to lockdown measures being reinstated, providing more opportunity for delivery and online shopping. In New York, Gov. Andrew Cuomo announced new restrictions, some of which target restaurants …
DoorDash is investing in a restaurant for the first time, reported The Verge (Oct. 24). It will work alongside CA-based Burma Superstar for a brick-and-mortar store called Burma Bites. It will be designed for delivery and …
In wake of the pandemic, foodservice is continuing to adapt in unique ways to survive. UK-based Pret A Manger has struggled during the pandemic without the commuter crowd. In August, weekly sales in Britain were …
Amazon issued a warrant to purchase up to 5.4 million shares in SpartanNash, according to a filing with SEC, reported The Motley Fool (Oct. 9). The warrant has been issued specifically to Amazon.com NV Investment …
Food retailers are partnering with technology companies to make their operations more efficient as the COVID-19 pandemic continues. Giant Eagle now operates FlyBuy Pickup, a curbside and in-store pickup program. FlyBuy, using location technology from …
Retailers are developing new strategies in an effort to one up each other in the battle for delivery advantage. Walmart will launch Walmart+, a membership service that could help it better compete with Amazon Prime. …
DoorDash plans to open an initial public offering in the fall, according to people familiar with the matter, reported Bloomberg (Aug. 22). The company had previously considered going public through a direct listing but decided …
Food Institute Focus – How COVID-19 is Impacting Eating
Food Institute Focus – Fast Food Business Model Pays Off
Food Institute Focus – Pizza Profits from Pandemic
Online grocery shopping has surged during the COVID-19 pandemic. Before COVID-19, online accounted for less than 10% of food sales, according to Ernst & Young LLP (EY). By June, 45% of food sales were online. …
The coronavirus pandemic is likely going to create longterm changes in the restaurant industry. Nearly one-third of consumers plan to cook at home even more than they do now once stay-at-home recommendations have lifted, according …
Food Institute Focus – What Delivery Foods are Trending with Consumers?
The COVID-19 pandemic changed the foodservice industry drastically during the first half of 2020. Several chains were forced into bankruptcy, while others relied on delivery or pivoted their business models. Eating and drinking places registered …
Food Institute Focus – Walmart Launches an Amazon Prime Competitor
Food Institute Focus – Latest Deals Prove Grocery Delivery is a Necessity
Food Institute Focus – Consolidation in Delivery Market
Food Institute Focus – Delivery Services See Continued Growth
Food Institute Focus – Starbucks to Transform Store Formats
Food Institute Focus – Consumers Feel Guilty About Having Food Delivered
Food Institute Focus – Restaurant Owners Question if Reopening is Sustainable
Food Institute Focus – Delivery and Takeout Provide Relief to QSR
Food Institute Focus – Foodservice’s New Normal After Pandemic
Food Institute Focus – Farmers Are in Demand
