STOCK TITAN

Davis Food & Drug to Launch Caper Carts Across All Store Locations

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Davis Food & Drug, a three-store grocery chain in Utah, is partnering with Instacart (NASDAQ: CART) to replace most of its traditional shopping carts with AI-powered Caper Carts across all locations. These smart carts feature interactive screens that track spending, offer personalized recommendations, and provide access to coupons and deals through Davis Food & Drug's loyalty program.

The Caper Carts, popular among various age groups, especially couples and families, aim to enhance the shopping experience by engaging customers throughout their journey. Constantine Davis, President at Davis Food & Drug, emphasized that this initiative is part of their commitment to lead industry trends and provide an innovative shopping experience. The partnership builds on Davis Food & Drug's existing relationship with Instacart, which began in 2016 with the adoption of Rosie.

Loading...
Loading translation...

Positive

  • Partnership with Instacart to implement AI-powered Caper Carts across all store locations
  • Enhanced customer engagement through interactive screens and personalized recommendations
  • Integration with Davis Food & Drug's loyalty program for easy access to coupons and deals
  • Potential for increased customer satisfaction and loyalty through improved shopping experience

Negative

  • None.

News Market Reaction 1 Alert

-4.26% News Effect

On the day this news was published, CART declined 4.26%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Davis Food & Drug partners with Instacart to enhance shopping experience with AI-powered smart carts

SAN FRANCISCO and VERNAL, Utah, Aug. 1, 2024 /PRNewswire/ -- Davis Food & Drug, a prominent three-store grocery chain in Utah, and Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced a new partnership to replace the majority of its traditional shopping carts with Instacart's artificial intelligence-powered (AI) smart carts at all Davis Food & Drug locations in Utah in the coming months. 

Customers shopping in these stores can now enjoy a more personalized shopping experience using Caper Carts that feature an interactive screen to engage customers, track spending for budget-friendly shopping, and directly access coupons and deals through Davis Food & Drug's loyalty program. Caper Carts are used by people of all ages, from families with kids to senior citizens, and are especially popular among couples and families. Caper Carts check off items as they are added to the cart and engage customers throughout the entire shopping journey – from personalized recommendations as they shop to gamified elements that reward customers once a spending threshold is achieved.

"At Davis Food & Drug, putting our customers first is at the heart of everything we do. Introducing Caper Carts is part of our ongoing commitment to not just keep up with industry trends, but to lead them, ensuring our customers enjoy the most convenient and innovative shopping experience possible," said Constantine Davis, President at Davis Food & Drug. "This is how we're growing our business - by making every visit to our stores easier, rewarding, and more fun for everyone who walks through our doors."

"Davis Food & Drug has been a fantastic partner since their adoption of Rosie in 2016, and we're thrilled to now team up and bring Caper Carts to their stores," said Nick Nickitas, General Manager, Local Independent Grocery at Instacart.
"We're proud to provide local grocery partners like Davis Food & Drug with tech solutions that seamlessly connect their in-store and online offerings and deliver personalized experiences through convenient, cost-effective options."

Davis Food & Drug first partnered with Instacart's Rosie in 2016, and continues to forge ahead with technological advancements in the retail space. Caper Cart is part of Connected Stores, Instacart's suite of in-store technologies that help grocers bridge the online and in-store shopping experience. To learn more about Caper Cart and other Connected Stores technologies, visit instacart.com/company/connected-stores.

To learn more about shopping with Davis Food & Drug or to find a store near you, visit: https://www.davisfoodanddrug.com/

About Instacart
Instacart, the leading grocery technology company in North America, works with grocers and retailers to transform how people shop. The company partners with more than 1,500 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from more than 85,000 stores across North America on the Instacart Marketplace. Instacart makes it possible for millions of people to get the groceries they need from the retailers they love, and for approximately 600,000 Instacart shoppers to earn by picking, packing and delivering orders on their own flexible schedule. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of CPG brands – from category leaders to emerging brands – partner with the company to connect directly with consumers online, right at the point of purchase. With Instacart Health, the company is providing tools to increase nutrition security, make healthy choices easier for consumers, and expand the role that food can play in improving health outcomes. For more information, visit www.instacart.com/company, and to start shopping, visit www.instacart.com.

About Davis Food & Drug
Davis Food & Drug is a family-owned business serving the Vernal, Roosevelt, and La Verkin communities since 1988. Founded by Jim and Debbie Davis, who relocated from Jackson Hole, WY, the company began with the acquisition of two local grocery stores, and later adding a third. Over the years, Davis Food & Drug has expanded and modernized its offerings, including the addition of a deli, bakery, enhanced floral, and service centers. In 2009, the founders' sons, Constantine  and Lee, joined the business, further strengthening its family-oriented roots. Committed to innovation and community service, Davis Food & Drug partnered with Rosie in 2016 to introduce online grocery ordering, demonstrating its ongoing dedication to providing cutting-edge services to its customers.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/davis-food--drug-to-launch-caper-carts-across-all-store-locations-302212183.html

SOURCE Instacart

FAQ

What are Caper Carts and how will they benefit Davis Food & Drug customers?

Caper Carts are AI-powered smart carts with interactive screens that track spending, offer personalized recommendations, and provide access to coupons and deals. They will benefit Davis Food & Drug customers by enhancing their shopping experience, making it more engaging and budget-friendly.

When will Davis Food & Drug implement Caper Carts in their stores?

Davis Food & Drug will implement Caper Carts across all their store locations in Utah in the coming months, as announced on August 1, 2024.

How long has Davis Food & Drug been partnering with Instacart (CART)?

Davis Food & Drug first partnered with Instacart's Rosie platform in 2016, and is now expanding their collaboration to include Caper Carts in 2024.

What is Instacart's Connected Stores suite and how does it relate to Caper Carts?

Instacart's Connected Stores is a suite of in-store technologies that help grocers bridge online and in-store shopping experiences. Caper Cart is part of this suite, offering a tech solution that enhances the in-store shopping experience for customers.
Instacart, Inc.(Maplebear Inc.)

NASDAQ:CART

CART Rankings

CART Latest News

CART Latest SEC Filings

CART Stock Data

11.80B
234.40M
10.3%
84.75%
5.85%
Internet Retail
Services-business Services, Nec
Link
United States
SAN FRANCISCO