Amazon's latest push into fast grocery delivery had a surprising beneficiary: Instacart. Both Amazon and Instacart are competing to deliver your weekly supermarket haul — or maybe a fill-in trip for milk. Last month, Amazon said it had expanded same-day delivery on perishable groceries, such as meat and frozen foods, to 1,000 cities and towns, with plans to reach more than double that many by year's end.That's a threat to Instacart, which offers delivery and other services to grocers like Aldi and Costco. ...

Indian e-commerce startup Citymall, which focuses on budget-focused grocery delivery for tier 2 and tier 3 towns, said today that it has raised $47 https://t.co/ivFwdLELEi ...

Last week, Amazon announced a major expansion of its same-day grocery delivery.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The company said it would now offer perishable groceries in 1,000 U.S. cities, with pla ...

Group 1 - Shares of Maplebear Inc (NASDAQ:CART), operating as Instacart, have declined by 3.2% to $44.07 following a downgrade from Wedbush to "underperform" from "neutral," with a price target reduced to $42 from $55 due to increased competition from Amazon's grocery delivery expansion [1] - The stock has significantly decreased from its record high of $53.50 on August 8, although it is still up 6.6% since the beginning of the year [2] - The $43 level, which served as a support floor in June, remains below the current trading price [2] Group 2 - There is potential for short covering, as short interest, while unwinding, still represents 6.2% of the stock's available float [2] - Options activity indicates bearish sentiment, with put volume at ten times the intraday average, particularly focused on the weekly 8/22 44-strike put [3]

Core Insights - The outgoing CEO Fidji Simo will step down to join OpenAI, while Chris Rogers, who joined Instacart in 2019, will take over as CEO [1][2] Financial Performance - Instacart's gross transaction value increased by approximately 11% year-over-year to $9.08 billion, exceeding the FactSet estimate of $8.93 billion [3] - Net income more than doubled from the previous year to $116 million, equating to 41 cents per share [3] - The company anticipates gross transaction value for the current quarter to be between $9 billion and $9.15 billion, surpassing analyst forecasts of $8.93 billion [4] Operational Metrics - Orders rose by 17% year-over-year to 82.7 million [4] - The average value per order decreased by 5%, attributed to a lower free delivery threshold for Instacart+ members [4] - Shares of Instacart have increased by 17% year-to-date [4] Strategic Initiatives - Instacart is leveraging artificial intelligence to enhance personalization and expedite feature launches [3]

Ocado posts a rare pretax profit helped by the valuation of its grocery delivery joint venture with Marks & Spencer https://t.co/BImKDJESp7 ...

Leadership Transition - Instacart has promoted Chris Rogers to CEO, effective August 15, replacing Fidji Simo who is moving to OpenAI [3][6] - Simo praised Rogers as "the right leader" for Instacart's next stage, highlighting his vision and operational excellence [4][6] Chris Rogers' Background - Rogers joined Instacart in 2019 after nearly 11 years at Apple, where he served as managing director for Apple Canada [5] - He has over 20 years of experience across consumer goods, technology, retail, and media, overseeing various functions at Instacart [5] Future Vision - Rogers expressed confidence in leading Instacart's next chapter, emphasizing the company's world-class team, deep partnerships, and leading technology [6] - Simo's new role at OpenAI will focus on scaling the company's traditional functions as it transitions into a new growth phase [7]

Group 1 - Instacart announced the acquisition of Wynshop, a cloud-based e-commerce solutions provider for grocers, to enhance its enterprise solutions and improve online experiences for retailers [1] - Wynshop, launched in 2020, offers online storefronts and AI-powered personalization tools, and will operate as a wholly owned subsidiary of Instacart [2] - This acquisition marks Instacart's sixth acquisition, following previous purchases including Caper AI and Eversight [3] Group 2 - The integration of Wynshop's technology is expected to strengthen Instacart's e-commerce, advertising, fulfillment, and in-store offerings over time [2] - Instacart is set to report its first-quarter 2025 financial results after the market close [3]