DoorDash (DASH) gains on Dollar General (DG) partnership
By Robert Davis
20:26, 11 November 2021
Third-party delivery company DoorDash is partnering with Dollar General to offer on-demand delivery of household essentials like cleaning supplies and hygiene products, the two companies announced Wednesday.
“Our platform was designed to connect consumers to their communities, providing increased access to food, everyday essentials, and other local goods,” Tom Pickett, chief revenue officer at DoorDash, said in a press release.
“We are thrilled to partner with Dollar General to provide customers across the country with convenient access to the everyday essentials they need at the affordable price points they have come to trust,” Pickett continued.
Shares of DoorDash were up more than 6% to $227.65 (£168.61) by 20:45 UTC following the announcement.
Dollar General’s stock was flat after the announcement $221.50, an increase of just 0.3% on the day.
According to a press release, the partnership will allow customers to order products on DoorDash’s marketplace app and receive contactless delivery, within an hour in some cases.
Between 11 November and 24 November, customers can receive 30% off their first Dollar General purchase. Orders must be at least $20 in value to qualify for the deal.
The service is currently available at more than 9,000 Dollar General stores. The two companies plan to expand to more than 10,000 locations by next month.
The programme was initially piloted over the summer at nearly 600 Dollar General locations, the companies said.
“We look forward to providing both existing and new customers with an even faster and more convenient way to experience all that DG has to offer,” said Emily Taylor, Dollar General’s chief merchandising officer.
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DoorDash’s partnership with Dollar General is just the latest way the company has worked to expand its delivery services.
Within the past week, DoorDash announced it purchased Wolt, a global e-commerce platform, in an all-stock transaction to expand courier opportunities around the world.
DoorDash also announced a partnership with Ulta Beauty to launch a same-day delivery service.
The service expansion follows DoorDash adding alcohol delivery to its platform in September.