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DoorDash Agrees to Grocery Delivery Deal with Canada's Loblaw

By Scott Kanowsky AiVIF.com -- DoorDash Inc (NYSE:DASH) has announced a partnership with Canadian grocery chain Loblaw (TSX:L), as the U.S. delivery service looks to expand...
DoorDash Agrees to Grocery Delivery Deal with Canada's Loblaw © Reuters

By Scott Kanowsky

AiVIF.com -- DoorDash Inc (NYSE:DASH) has announced a partnership with Canadian grocery chain Loblaw (TSX:L), as the U.S. delivery service looks to expand its offerings in response to growing competition and a market downturn for tech stocks.

In a statement, DoorDash said the move will make items available for at-home delivery in under 30 minutes through its own online platform or Loblaw's "President's Choice" unit. The service will be rolled out in several Canadian cities, including Toronto, Vancouver, Calgary, and Kitchener.

The companies did not provide details about the financial terms of the deal.

The agreement comes as DoorDash has seen its share price fall by more than 60% over the past year, as rising interest rates have partly contributed to flagging confidence in tech companies. DoorDash has also faced fierce competition from rivals like California-based startup Instacart.

Instacart also has a grocery deal in place in Loblaw, but without the offer of a sub-30 minute expected delivery time.

DoorDash shares were trading slightly higher in early U.S. trading on Wednesday.

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26-06-2022 00:01:57 (UTC+7)

EUR/USD

1.0554

+0.0031 (+0.29%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (4)

EUR/USD

1.0554

+0.0031 (+0.29%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (4)

GBP/USD

1.2272

+0.0012 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

USD/JPY

135.23

+0.29 (+0.22%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6944

+0.0055 (+0.80%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

USD/CAD

1.2891

-0.0103 (-0.79%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (2)

Sell (5)

EUR/JPY

142.71

+0.71 (+0.50%)

Summary

↑ Buy

Moving Avg:

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Sell (1)

Indicators:

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Sell (1)

EUR/CHF

1.0114

-0.0001 (-0.01%)

Summary

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Moving Avg:

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Sell (11)

Indicators:

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Sell (6)

Gold Futures

1,828.10

-1.70 (-0.09%)

Summary

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Moving Avg:

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Sell (4)

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Sell (0)

Silver Futures

21.130

+0.088 (+0.42%)

Summary

Neutral

Moving Avg:

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Sell (12)

Indicators:

Buy (5)

Sell (4)

Copper Futures

3.7365

-0.0025 (-0.07%)

Summary

Sell

Moving Avg:

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Sell (11)

Indicators:

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Sell (4)

Crude Oil WTI Futures

107.06

+2.79 (+2.68%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

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Brent Oil Futures

113.19

+3.14 (+2.85%)

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6.173

-0.066 (-1.06%)

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US Coffee C Futures

223.40

-5.60 (-2.45%)

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Sell (2)

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Euro Stoxx 50

3,533.17

+96.88 (+2.82%)

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Neutral

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Sell (8)

Indicators:

Buy (4)

Sell (4)

S&P 500

3,911.74

+116.01 (+3.06%)

Summary

↑ Buy

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DAX

13,118.13

+205.54 (+1.59%)

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Indicators:

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FTSE 100

7,208.81

+188.36 (+2.68%)

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Indicators:

Buy (7)

Sell (1)

Hang Seng

21,719.06

+445.19 (+2.09%)

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↑ Buy

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US Small Cap 2000

1,765.74

+54.06 (+3.16%)

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↑ Buy

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IBEX 35

8,244.10

+137.70 (+1.70%)

Summary

Sell

Moving Avg:

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Sell (9)

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Sell (5)

BASF SE NA O.N.

42.215

+0.785 (+1.89%)

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↑ Buy

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Sell (1)

Bayer AG NA

57.79

-0.75 (-1.28%)

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Allianz SE VNA O.N.

181.20

+2.20 (+1.23%)

Summary

↑ Sell

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Adidas AG

170.36

+3.30 (+1.98%)

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Deutsche Lufthansa AG

5.966

-0.310 (-4.94%)

Summary

↑ Sell

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Siemens AG Class N

102.62

+3.36 (+3.39%)

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Deutsche Bank AG

8.919

+0.407 (+4.78%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (8)

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 EUR/USD1.0554Buy
 GBP/USD1.2272↑ Sell
 USD/JPY135.23↑ Buy
 AUD/USD0.6944↑ Sell
 USD/CAD1.2891↑ Sell
 EUR/JPY142.71↑ Buy
 EUR/CHF1.0114↑ Sell
 Gold1,828.10↑ Buy
 Silver21.130Neutral
 Copper3.7365Sell
 Crude Oil WTI107.06↑ Sell
 Brent Oil113.19↑ Sell
 Natural Gas6.173↑ Buy
 US Coffee C223.40↑ Buy
 Euro Stoxx 503,533.17Neutral
 S&P 5003,911.74↑ Buy
 DAX13,118.13↑ Sell
 FTSE 1007,208.81↑ Buy
 Hang Seng21,719.06↑ Buy
 Small Cap 20001,765.74↑ Buy
 IBEX 358,244.10Sell
 BASF42.215↑ Buy
 Bayer57.79↑ Sell
 Allianz181.20↑ Sell
 Adidas170.36↑ Sell
 Lufthansa5.966↑ Sell
 Siemens AG102.62↑ Buy
 Deutsche Bank AG8.919↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,760/ 6,840
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SJC HCM6,785/ 6,865
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SJC Hanoi6,785/ 6,867
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SJC Danang6,785/ 6,867
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SJC Nhatrang6,785/ 6,867
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SJC Cantho6,785/ 6,867
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