Even as Instacart is undergoing major layoffs to cut costs, the company continues to invest in fully digitizing the physical store to boost omnichannel efficiency. CEO Fidji Simo said in a Tuesday (Feb. 13) letter to shareholders discussing the company’s fourth-quarter 2023 financial results that Instacart...
As retailers and third-party players alike compete for consumers’ online grocery spending, Instacart maintains that its scale protects it from facing too much competition from even larger grocers’ in-house fulfillment efforts. As the grocery aggregator’s Chief Executive Officer Fidji Simo told analysts Wednesday (Nov. 8), on the...
Instacart is integrating with merchants’ loyalty programs to outcompete rival aggregators on deals and discounts. The San Francisco-based grocery aggregator shared in a letter to shareholders Wednesday (Nov. 8), accompanying its first earnings report since going public in September, how the company’s affordability-focused offerings set it apart from competitors....
Instacart’s stock closed below its initial public offering (IPO) pricing for the first time on Tuesday (Sept. 26), a week after its public debut. The online grocery delivery company’s stock fell 1.69% and closed below $30, reflecting a broader decline in both the overall stock market...
June 17, 2024
Instacart has partnered with YouTube to make the video platform’s ads shoppable. In this pilot, select consumer packaged goods (CPG) brand partners of Instacart will be able to use shoppable ads on YouTube to inspire consumers to purchase items for same-day delivery, Instacart said in a Monday (June 17) press release. “We’re proud to continue […]
September 26, 2023
Instacart’s stock closed below its initial public offering (IPO) pricing for the first time on Tuesday (Sept. 26), a week after its public debut. The online grocery delivery company’s stock fell...
September 19, 2023
Instacart stock closed at $33.70 a share on Tuesday (Sept. 19), the day of its initial public offering (IPO). Priced at $30 a share on Monday (Sept. 18) by the grocery-delivery company,...
