As more consumers settle into remote work, Instacart wanted to provide them with more options via its same-day delivery service, according to Chris Rogers, vice president of retail at Instacart. Best Buy is part of a growing group of retailers that have partnered with Instacart, including Rite Aid, Bed Bath & Beyond, Staples, Walmart and Sephora. But unlike these other partnerships, the platform is confirming the deliveries of high-end items.
The company said that grocery deliveries remain its focus, but the pandemic has pushed consumers to seek a wider range of products on its platform. The company also said it has seen an increase in demand for electronics and technology goods and is always considering strategic partnerships to help it meet customers’ needs.
As Instacart has grown its roster of retailers, the company has also undergone substantial changes recently. In May, the platform introduced a series of safety features to protect workers. Last month, the company landed $200 million in funding and is reportedly in talks to undergo an initial public offering. The capital will be used to meet the substantial growth in demand spurred by the COVID-19 pandemic.
Source: Retail Dive
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 