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DoorDash Raises $3.4 Billion in IPO

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 …

Online Grocery Sales Top $8B in November

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 …

Chicken Sandwiches Reigned Supreme in 2020 Delivery

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 …

Holiday Shopping Expected to Rise During COVID-19

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 …

Breakfast Delivery is Ramping Up

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 …

Interest in Delivery Companies Continues

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 Cuts into the Pharmacy Business

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 …

DoorDash Files for IPO, but Still Losing Money

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 …

More Opportunity for Delivery Amid New COVID Restrictions

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 Lends a Hand to Struggling 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 …

Foodservice Goes from Pivoting to Transforming

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 Strikes Deal with SpartanNash

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 …

Grocers Invest in New Technology to Increase Efficiency

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 …

DoorDash Plans IPO, Diversifies with Grocery Delivery

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 …

Moving Forward, Grocery Retailers Must Embrace Digital

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. …

Foodservice Enters Survival Mode

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 …

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Going the ‘Extra’ Last Mile for Deliveries

As delivery becomes more crucial in business, companies are always innovating to find the ideal way to complete the last mile. Amazon Prime’s free and fast shipping set the bar for the industry. During the …