Instacart has introduced “Express Lane,” a holiday-themed perk for Instacart+ members. Announced Monday (Nov. 18), Express Lane gives members zero-dollar delivery minimums on grocery and retail orders of $10, what the company says is the lowest cart minimum for $0 delivery in the industry. “This offering...
Instacart’s expansion of retailer integrations and the implementation of advanced technology have streamlined the shopping experience, providing convenience, savings and higher engagement, CEO Fidji Simo noted Tuesday (Nov. 12) during the company’s third-quarter earnings call. Referring to retailer integrations as the company’s “secret sauce,” Simo...
Instacart appointed former Uber executive Anirban Kundu as its new chief technology officer. In his new role, Kundu will lead Instacart’s technical team “as we further expand our position as the grocery industry’s leading technology company,” Instacart said in a Wednesday (Oct. 16) blog post....
Albertsons Companies saw its digital sales increase 24% during a quarter in which its identical store sales increased 2.5%. During the quarter ended Sept. 7, the food and drug retailer also reported a 15% increase in its loyalty members, bringing the total to 43 million,...
September 10, 2024
Instacart is ramping up its efforts to capture and keep customers as it aims to cement its status in the online grocery sector. The company is concentrating on two primary objectives: bringing in new users, elevating engagement with its current clientele, and creating “habituated customers.” During the company’s second-quarter earnings call, CEO Fidji Simo noted […]
September 02, 2024
Cue the Beach Boys and Jimmy Buffett. It’s the last week of summer, and while a lot of the banking and payments world was on vacation, we were busy covering...
August 06, 2024
Uber marked a milestone in the second quarter, with 7.4 million monthly drivers and couriers globally, per the company’s earnings report released Tuesday (Aug. 6). The company’s focus on expanding...
May 27, 2024
As we approach the middle of the year, here are five of the major ways that the retail landscape has changed in 2024 so far. Amazon Pivots on ‘Just Walk...
November 21, 2024
Instacart’s CEO is focusing on grocery partnerships amid investor skepticism. Fidji Simo discussed these efforts in an interview with Bloomberg’s The Circuit With Emily Chang, set to air Thursday (Nov. 21) evening. Since becoming CEO, the report notes, Simo has made Instacart’s higher-margin enterprise business a higher priority, focusing on things like last-mile delivery, building white-label websites and selling […]
November 18, 2024
Instacart has introduced “Express Lane,” a holiday-themed perk for Instacart+ members. Announced Monday (Nov. 18), Express Lane gives members zero-dollar delivery minimums on grocery and retail orders of $10, what the...
October 16, 2024
Instacart appointed former Uber executive Anirban Kundu as its new chief technology officer. In his new role, Kundu will lead Instacart’s technical team “as we further expand our position as...
October 15, 2024
Albertsons Companies saw its digital sales increase 24% during a quarter in which its identical store sales increased 2.5%. During the quarter ended Sept. 7, the food and drug retailer...
