Instacart’s sales declined 4% during the first quarter of 2022 compared with the same period last year, continuing a downward trend that began in early 2021, according to data published last Thursday by Bloomberg Second Measure.
The grocery e-commerce company is also seeing average quarterly sales per customer lose steam. Shoppers spent an average of $576 on Instacart’s platform during the first quarter of the year, down 9% from the first quarter of 2021, the research shows.
After roaring ahead earlier in the pandemic, Instacart is weathering stiff headwinds as it looks to build lasting ties with retailers and consumers amid quickly shifting market conditions.
Source: Grocery Dive
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