DoorDash Announces Multiple Retail Partners To Kickstart an Active and Healthy New Year

Rhea-AI Summary

DoorDash (NASDAQ: DASH) announced new retail partners to support consumers on their active and wellness journeys. The company has more retail stores than any other marketplace in North America with over 100K non-restaurant stores across its Marketplace and Drive platforms. The new partners include Camping World, Golf Galaxy, JD Sports, and The Vitamin Shoppe, offering a wide range of products for on-demand delivery. Consumers can get 20% off eligible orders of $30+ or more with promo code NEWYOU20 at participating locations until January 31.

Insights

Market Research Analyst

DoorDash's expansion into non-restaurant retail signifies a strategic move to diversify its service offerings and capture a larger share of the on-demand delivery market. By partnering with specialized retailers such as Camping World, Golf Galaxy, JD Sports and The Vitamin Shoppe, DoorDash is tapping into niche markets that have a dedicated customer base. This diversification can reduce the company's reliance on the food delivery segment, which is highly competitive and subject to low margins.

The addition of these partners to DoorDash's Marketplace and Drive platforms not only broadens the range of products available to consumers but also enhances the value proposition of its DashPass membership program. This could potentially increase customer retention and attract new subscribers, contributing to recurring revenue streams. However, it's crucial to monitor the operational costs associated with integrating these diverse product lines and the logistics of handling non-food items, which may differ in packaging, handling and delivery requirements.

Financial Analyst

Investors should note the potential for revenue growth stemming from DoorDash's newly announced partnerships. The expansion into active and wellness product delivery could lead to an increase in average order values and customer frequency, as these items often come with higher price tags and regular purchase cycles compared to food orders. The promotional offer of 20% off on orders may initially impact profit margins but is likely a strategic investment to drive user adoption and order volume.

DoorDash's stock (NASDAQ: DASH) may respond favorably to this news as the market often reacts positively to expansion and diversification strategies that promise new revenue streams. However, investors should also consider the scalability of this model and the company's ability to maintain service quality as it broadens its offerings.

E-Commerce Strategist

The shift towards on-demand delivery for a wider range of products reflects the evolving consumer expectations for convenience and immediacy in all aspects of retail. DoorDash's strategic partnerships are a response to this trend and position the company well within the e-commerce space. The focus on active and wellness journeys aligns with consumer health trends and the growing demand for related products.

For the partnered retailers, the association with DoorDash offers an opportunity to leverage the delivery platform's extensive user base and technological infrastructure to reach consumers who prefer shopping online. This could lead to increased sales for these retailers without the significant upfront investment typically required to develop an in-house delivery system. However, the success of this venture will depend on DoorDash's ability to seamlessly integrate these new categories and maintain a high level of customer satisfaction.

Camping World, Golf Galaxy, JD Sports, and The Vitamin Shoppe Join DoorDash For On-Demand Delivery

SAN FRANCISCO--(BUSINESS WIRE)-- DoorDash (NASDAQ: DASH), the local commerce platform, today announced new retail partners to DoorDash’s Marketplace to support consumers on their active and wellness journeys. To date, DoorDash has more retail stores than any other marketplace in North America with over 100K non-restaurant stores across its Marketplace and Drive platforms and nearly 2 million products from clothing and makeup to household essentials.

Camping World, Golf Galaxy, JD Sports, and The Vitamin Shoppe Join DoorDash For On-Demand Delivery (Graphic: Business Wire)

“As consumers look to kickstart their fitness and wellness goals, DoorDash is their one-stop shop this new year. Whether they’re on the hunt for the perfect running sneakers or restocking on daily vitamins, we’re thrilled to be a part of their health journey,” said Shanna Prevé, Vice President of Strategic Partnerships at DoorDash. “For our partners, DoorDash is synonymous with connecting every retail, grocery, and convenience store to every local consumer.”

The new retail partners joining DoorDash are:

• Camping World, the world’s largest retailer of RVs and related products and services, offers outdoor recreationists access to an extensive range of RV and camping products, from over 190 Camping World locations for on-demand delivery.
• Golf Galaxy, one of America’s largest golf specialty stores, has a world-class selection of brand-name golf equipment, apparel, accessories, technology, and gifts for every golfer. Consumers can purchase thousands of golf items from more than 100 stores for on-demand delivery for last-minute golfing trips or standing weekend rounds.
• JD Sports and Finish Line, the leading global sports fashion retailer, is the go-to place for the latest trending sneakers, apparel, and accessories for consumers around the world. Now, consumers can gear up with the brands they know and love conveniently through DoorDash from more than 500 JD Sports and Finish Line stores nationwide.
• The Vitamin Shoppe, the leading destination for health and wellness solutions, provides consumers with innovative nutritional supplement products and trusted expertise to support them on their journeys of lifelong wellness. Consumers can access high-quality vitamins, sports nutrition, hydration and energy, longevity support, green living products, and more, from the comfort of their own homes, from nearly 700 locations across the US.

From athletic gear and golfing equipment to natural beauty products, consumers can access everything they need on DoorDash to support their evolving daily needs, including almost a million Sporting Goods & Office products, over 400,000 Pet products, and nearly 300,000 Home & Beauty products. As more consumers order from non-restaurant and new categories than ever before, DoorDash continues to make significant headway in its selection efforts on the platform.

To celebrate these new partnerships, now through January 31, consumers will receive 20% off all eligible orders of $30+ or more (up to $15) with promo code NEWYOU20 at all participating Camping World, Golf Galaxy, JD Sports, Finish Line, and The Vitamin Shoppe locations*.

These new retail partners will also be available on DashPass, DoorDash’s membership program that offers members $0 delivery fee, reduced service fees, and member-only benefits on eligible orders from thousands of restaurants, grocery, and convenience stores nationwide.**

About DoorDash

DoorDash (NASDAQ: DASH) is a technology company that connects consumers with their favorite local businesses in more than 25 countries across the globe. Founded in 2013, DoorDash builds products and services to help businesses innovate, grow, and reach more customers. DoorDash is building infrastructure for local commerce, enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers. With DoorDash, there is a neighborhood of good in every order.

*20% Off Your Order; Save Up to $15: Offer valid through 01/31/24 at participating Camping World, Golf Galaxy, JD Sports, Finish Line, and The Vitamin Shoppe locations. Valid only on orders with a minimum subtotal greater than $30, excluding taxes and fees. The maximum value of discount from using the promo code is up to $15 dollars. Limit one per person. Not valid for the purchase of alcohol. Fees, taxes, and gratuity still apply. All deliveries subject to availability. Must have or create a valid DoorDash account with a valid form of accepted payment on file. No cash value. Non-transferable. Use promo code NEWYOU20. See full terms and conditions at https://drd.sh/8ONpZP/.

**DashPass benefits apply only to eligible orders that meet the minimum subtotal requirement listed on DoorDash for each participating merchant. Other fees (including service fee), taxes, and gratuity still apply. After signing up for DashPass, you will be charged the then-current renewal price (plus applicable taxes) automatically on a recurring basis until you cancel. DashPass terms (including how to cancel) here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240111272085/en/

press@doordash.com

Source: DoorDash

FAQ

What companies joined DoorDash for on-demand delivery?

Camping World, Golf Galaxy, JD Sports, and The Vitamin Shoppe joined DoorDash for on-demand delivery.

What is DoorDash's ticker symbol?

DoorDash's ticker symbol is DASH.

What is the promo code for 20% off orders at participating locations?

The promo code for 20% off orders at participating locations is NEWYOU20.

How many non-restaurant stores does DoorDash have across its Marketplace and Drive platforms?

DoorDash has over 100K non-restaurant stores across its Marketplace and Drive platforms.

What is the membership program offered by DoorDash?

DashPass is DoorDash's membership program that offers members $0 delivery fee, reduced service fees, and member-only benefits on eligible orders from thousands of restaurants, grocery, and convenience stores nationwide.