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The Home Depot is Now on DoorDash

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DoorDash (NASDAQ: DASH) announced a new partnership with The Home Depot (NYSE: HD), making the world's largest home improvement retailer's products available for on-demand delivery through the DoorDash platform. The partnership enables delivery of home improvement essentials to both doorsteps and work sites in as little as one hour.

Through this collaboration, customers can purchase Home Depot products directly through the DoorDash app, offering enhanced convenience for both DIY enthusiasts and professional contractors. The service complements Home Depot's existing same-day and next-day delivery options.

This partnership is part of DoorDash's broader expansion into non-restaurant retail, with the platform now featuring over 115,000 non-restaurant stores in North America and offering nearly 2 million products across categories including Apparel, Home Improvement, and Arts and Crafts as of June 2024.

DoorDash (NASDAQ: DASH) ha annunciato una nuova partnership con The Home Depot (NYSE: HD), rendendo disponibili i prodotti del maggior rivenditore di articoli per la casa al mondo per consegne on-demand tramite la piattaforma DoorDash. Questa collaborazione consente la consegna di articoli essenziali per il miglioramento della casa direttamente a casa o nei luoghi di lavoro in appena un'ora.

Grazie a questa sinergia, i clienti possono acquistare i prodotti di Home Depot direttamente tramite l'app DoorDash, offrendo maggiore comodità sia agli appassionati del fai-da-te che ai professionisti della costruzione. Il servizio si aggiunge alle opzioni di consegna esistenti di Home Depot per lo stesso giorno e il giorno successivo.

Questa partnership fa parte dell'espansione più ampia di DoorDash nel settore del retail non alimentare, con la piattaforma che ora presenta oltre 115.000 negozi non alimentari in Nord America e offre quasi 2 milioni di prodotti in categorie che includono Abbigliamento, Miglioramento della Casa e Arti e Mestieri a partire da Giugno 2024.

DoorDash (NASDAQ: DASH) anunció una nueva asociación con The Home Depot (NYSE: HD), poniendo disponibles los productos del mayor minorista de mejoras para el hogar del mundo para entrega bajo demanda a través de la plataforma DoorDash. La asociación permite la entrega de artículos esenciales de mejora del hogar tanto a las puertas de los clientes como a los sitios de trabajo en tan solo una hora.

A través de esta colaboración, los clientes pueden comprar productos de Home Depot directamente a través de la aplicación DoorDash, lo que ofrece una mayor conveniencia tanto para entusiastas del bricolaje como para contratistas profesionales. El servicio complementa las opciones de entrega el mismo día y al día siguiente que ya ofrece Home Depot.

Esta asociación es parte de la expansión más amplia de DoorDash en el comercio minorista no alimentario, con la plataforma que ahora presenta más de 115,000 tiendas no alimentarias en América del Norte y ofrece casi 2 millones de productos en categorías que incluyen Ropa, Mejoras para el Hogar y Artes y Manualidades a partir de junio de 2024.

DoorDash (NASDAQ: DASH)The Home Depot (NYSE: HD)와의 새로운 파트너십을 발표하며, 세계 최대의 주택 개조 소매업체의 제품을 DoorDash 플랫폼을 통해 온디맨드 배송이 가능하게 합니다. 이 파트너십을 통해 집과 작업 현지에 주택 개조 필수 품목을 단 한 시간 만에 배송할 수 있습니다.

이 협력을 통해 고객은 DoorDash 앱을 통해 Home Depot 제품을 직접 구매할 수 있어 DIY 열광자들과 전문 계약자들에게 향상된 편리함을 제공합니다. 이 서비스는 Home Depot의 기존 당일 및 익일 배송 옵션을 보완합니다.

이번 파트너십은 DoorDash가 비식품 소매업으로의 확장을 위한 일환으로, 2024년 6월 현재 북미에서 115,000개 이상의 비식품 상점과 의류, 주택 개조, 예술 및 공예를 포함한 카테고리에서 거의 200만 개의 제품을 제공하고 있습니다.

DoorDash (NASDAQ: DASH) a annoncé un nouveau partenariat avec The Home Depot (NYSE: HD), rendant les produits du plus grand détaillant d'amélioration de l'habitat au monde disponibles pour une livraison à la demande via la plateforme DoorDash. Ce partenariat permet la livraison d'essentiels pour l'amélioration de l'habitat à la fois aux domiciles et sur les lieux de travail en aussi peu qu'une heure.

Grâce à cette collaboration, les clients peuvent acheter des produits Home Depot directement via l'application DoorDash, offrant ainsi une commodité accrue tant pour les passionnés de bricolage que pour les entrepreneurs professionnels. Ce service complète les options de livraison le jour même et le lendemain déjà offertes par Home Depot.

Ce partenariat fait partie de l'expansion plus large de DoorDash dans le commerce de détail non alimentaire, la plateforme proposant désormais plus de 115 000 magasins non alimentaires en Amérique du Nord et offrant près de 2 millions de produits dans des catégories allant de l'habillement, à l'amélioration de l'habitat et aux arts et artisanats à partir de juin 2024.

DoorDash (NASDAQ: DASH) hat eine neue Partnerschaft mit The Home Depot (NYSE: HD) angekündigt, wodurch die Produkte des weltweit größten Einzelhändlers für Heimwerkerbedarf über die DoorDash-Plattform für On-Demand-Lieferungen verfügbar sind. Diese Partnerschaft ermöglicht die Lieferung von wichtigen Heimwerkerprodukten sowohl an Haustüren als auch auf Baustellen in nur einer Stunde.

Durch diese Zusammenarbeit können Kunden Produkte von Home Depot direkt über die DoorDash-App erwerben, was sowohl für DIY-Enthusiasten als auch für professionelle Auftragnehmer eine erhöhte Bequemlichkeit bietet. Der Service ergänzt die bestehenden Optionen für die Same-Day- und Next-Day-Lieferung von Home Depot.

Diese Partnerschaft ist Teil von DoorDashs umfassenderer Expansion in den Non-Food-Einzelhandel, wobei die Plattform jetzt über 115.000 Non-Food-Geschäfte in Nordamerika umfasst und bis Juni 2024 fast 2 Millionen Produkte in Kategorien wie Bekleidung, Heimwerkerbedarf und Kunst und Handwerk anbietet.

Positive
  • Expansion into home improvement retail sector with major partner Home Depot
  • Access to Home Depot's extensive network of 2,000+ stores nationwide
  • Diversification beyond restaurant delivery into high-value retail segments
  • Platform growth to 115,000 non-restaurant stores offering 2 million products
Negative
  • None.

Insights

DoorDash's strategic partnership with Home Depot marks a significant expansion into the 400+ billion home improvement market, potentially transforming the company's revenue streams and competitive positioning. The collaboration leverages DoorDash's existing delivery infrastructure to serve both DIY enthusiasts and professional contractors, who represent high-value, repeat customers.

The timing is particularly strategic, coinciding with several market dynamics: 1) The growing demand for convenience in retail 2) The robust home improvement sector 3) The increasing need for on-demand delivery services for professionals. This partnership could drive meaningful transaction volume growth, especially considering Home Depot's vast network of over 2,000 stores serving as mini-fulfillment centers.

For investors, three key aspects deserve attention:

  • Market Expansion: This move significantly broadens DoorDash's total addressable market beyond food delivery, positioning it as a comprehensive logistics platform
  • Revenue Diversification: The partnership could help reduce dependence on restaurant delivery, potentially improving margins through higher-value transactions
  • Competitive Moat: By securing a major retailer like Home Depot, DoorDash strengthens its position against rivals in the broader delivery space

However, execution will be crucial. The success of this venture depends on DoorDash's ability to handle bulkier items efficiently and maintain competitive delivery times. The partnership's performance in the first few quarters will be a critical indicator of its potential long-term value creation.

New Partnership Gives Customers In-the-Moment Access to a Wide Array of Home Improvement Essentials

SAN FRANCISCO--(BUSINESS WIRE)-- DoorDash (NASDAQ: DASH) today announced a new partnership with The Home Depot (NYSE: HD). The world’s largest home improvement retailer with over 2,000 stores nationwide is now available for on-demand delivery with DoorDash. This partnership brings home improvement essentials to both the doorstep and work site in as little as an hour.*

The Home Depot is now available through DoorDash (Graphic: Business Wire)

The Home Depot is now available through DoorDash (Graphic: Business Wire)

“We’re excited to partner with The Home Depot to give DIY and Pro customers immediate access to the home improvement supplies they need. Amidst a project and out of nails, screw heads or drill bits, on-demand delivery from DoorDash can save time and any added stress,” said Mike Goldblatt, VP of New Verticals Partnerships at DoorDash. “As we continue our mission to empower local economies, we’re incredibly proud to connect consumers to more retail stores in their communities with convenience and ease.”

"Combining DoorDash's fast and convenient platform with The Home Depot's existing same-day and next-day delivery options, homedepot.com offers our customers even more flexibility and convenience to shop in the way that best suits their needs," said Jordan Broggi, executive vice president of customer experience and president of online at The Home Depot. "This is one of the many ways we're expanding our digital capabilities to create a seamless, interconnected shopping experience."

The Home Depot products can now be purchased directly on the DoorDash app, helping to save time while tackling the latest DIY project, furnishing a new home, or stocking up on household essentials. For Pros, it’s never been easier to access the materials they need, while also having access to DoorDash’s full selection of restaurants and other offerings – without having to leave the job site.

In 2024, DoorDash continued to expand its selection on the app including Apparel, Home Improvement, Arts and Crafts, and more. With more than 115,000 non-restaurant stores on the marketplace in North America**, consumers can access nearly 2 million products from household essentials to clothing and makeup on DoorDash, whenever, and however, is best for them.

*Based on average delivery time. Delivery times may vary and are not guaranteed.

**As of June 2024.

press@doordash.com

Source: DoorDash

FAQ

What does the DoorDash-Home Depot partnership mean for DASH investors?

The partnership represents significant expansion into the home improvement retail sector, giving DASH access to Home Depot's 2,000+ stores nationwide and diversifying its revenue streams beyond restaurant delivery.

How many non-restaurant stores does DoorDash have as of June 2024?

DoorDash has over 115,000 non-restaurant stores on its marketplace in North America, offering nearly 2 million products.

What is the delivery time for Home Depot products through DoorDash?

DoorDash offers delivery of Home Depot products in as little as one hour, though delivery times may vary and are not guaranteed.

What types of Home Depot products are available through DoorDash?

The service includes home improvement essentials, DIY project materials, and supplies for professional contractors, accessible directly through the DoorDash app.

How does this partnership affect DoorDash's retail expansion strategy?

This partnership is part of DoorDash's 2024 expansion into non-restaurant categories including Apparel, Home Improvement, and Arts and Crafts, strengthening its position in retail delivery.

DoorDash, Inc.

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