Grocery delivery service Instacart has pulled in $950 million in funding so far in 2018, the new total after the San Francisco-based company raised $600 million in its latest funding round.
Bucking the common practice of large franchised restaurants forming exclusive partnerships with a single third-party delivery provider, Subway announced new agreements with four delivery providers, which could dramatically shift the economics of restaurant delivery in smaller markets across the United States.
The casual dining segment of the restaurant industry in which Famous Dave’s plays continues to struggle. But Famous Dave’s is shifting efforts toward delivery both inside shared kitchens and with a small-format restaurant design. The company has continued a slow slog back to profitability, but much of its sales growth has come from off-premise dining. Sale of food consumed outside of the restaurant currently accounts for 45% of its sales (35% to go, 10% catering). That means a big opportunity to make that large part of the business a little […]
Grocery shopping for the lazy, busy or somewhere in between has never been easier. As my town just outside Minneapolis anxiously awaits a proposed Hy-Vee grocery store, I’m looking forward to the possibilities as the company launches lunchtime and dinner delivery in its home market of Des Moines, Iowa.
With five months to go, registration is now open for the Food On Demand Conference that will be held at the Chicago Marriott Downtown Magnificent Mile in the heart of the Michigan Avenue dining and retail district April 1-2, 2019.
Thanks to the still-fast-growing popularity of third-party delivery providers, restaurants are finding yet another reason to build smaller restaurants as so many sales come from off-premises diners.
Hot meals being delivered from the sky are the natural end-game of this on-demand food delivery phenomenon. With this week’s news from The Wall Street Journal that UberEats plans to launch foody drones by 2021, and our own Nick Upton’s story on unmanned drone deliveries happening up in Canada, it’s clear that the uber-future is almost here—ready or not.
Grubhub, the first public company in the third-party delivery space, announced its third-quarter earnings today. The company announced earnings of 45 cents per share, beating consensus from Wall Street of 41 cents per share, a 10 percent beat. Topline revenues rose by 52 percent, driven skyward by a 40 percent increase in gross food sales. The all-important active diners metric grew by 67 percent year over year to reach 16.4 million, up from 9.8 million in the third quarter of 2017. “Daily average grubs” (DAGs) rose 37 percent year-over-year to […]
No other grocery provider even comes close to Amazon’s dominant position relative to online grocery retailing, according to a new report from Brick Meets Click’s latest consumer survey. Amazon has captured 30 percent of online grocery spending in the U.S.
With a new safety-focused program rolling out to millions of riders, drivers and delivery partners, Uber is using technology to raise the bar on safety in its European, Middle Eastern and African markets.
