Latest news with #sameDayDelivery
Bloomberg
a day ago
- Automotive
- Bloomberg
Amazon Ends Speedy Delivery by Kia Soul in Favor of Gig Workers
Inc. is ending an experiment that saw drivers in Kia Souls make same-day deliveries and will rely on its network of gig-economy workers instead. In the test, Amazon contract delivery firms in several US states deployed drivers for four- or five-hours shifts in the boxy little Kia Corp. hatchbacks. The trial, which began to roll out in 2023, gave the world's largest online retailer more control over deliveries. If widely deployed, it also could have reduced the company's reliance on Amazon Flex drivers, who use their own cars to ferry orders to customers' homes. Those gig workers will now pick up the affected routes.
Yahoo
14-06-2025
- Automotive
- Yahoo
Carvana (NYSE:CVNA) Reports Remarkable First-Quarter Earnings Growth
Carvana has been making significant advancements in its business operations, including the recent launch of same-day vehicle delivery in Denver and the establishment of an Inspection and Reconditioning Center in Nashville. These strategic expansions, aimed at enhancing customer convenience and operational capacity, coincide with a substantial quarterly share price increase of 64%. During the same period, Carvana reported remarkable first-quarter earnings growth, which further aligns with the positive market sentiment despite the market remaining largely flat in recent days. These developments underscore the company's commitment to improving service delivery and its adaptability to market demands. Carvana has 4 risks (and 1 which is significant) we think you should know about. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The introduction of same-day vehicle delivery in Denver and the new Inspection and Reconditioning Center in Nashville could have a significant influence on Carvana's operational efficiency and customer satisfaction. These advancements, coinciding with a significant share price jump, align with the company's aim to enhance service delivery. Over the last three years, Carvana's total return, including share price and dividends, increased by a notably large percentage, showcasing the company's substantial growth, even as the annual industry return was lower. In the past year, Carvana outperformed both the US Specialty Retail industry and the broader market, with returns surpassing industry averages. This differentiation highlights Carvana's capacity to generate notable shareholder value amidst broader market conditions. The news mentioned may further bolster revenue and earnings forecasts as expansion and technology adoption are expected to foster sales growth and improved margins. With the share price closely aligning with the analyst consensus price target of $259.81, the market shows confidence in Carvana's capacity to meet these targets, considering both their ambitious growth strategies and potential risks. However, balancing debt levels and operational scaling remains crucial as the company navigates its path forward. Understand Carvana's earnings outlook by examining our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:CVNA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
14-06-2025
- Automotive
- Yahoo
Carvana (NYSE:CVNA) Reports Remarkable First-Quarter Earnings Growth
Carvana has been making significant advancements in its business operations, including the recent launch of same-day vehicle delivery in Denver and the establishment of an Inspection and Reconditioning Center in Nashville. These strategic expansions, aimed at enhancing customer convenience and operational capacity, coincide with a substantial quarterly share price increase of 64%. During the same period, Carvana reported remarkable first-quarter earnings growth, which further aligns with the positive market sentiment despite the market remaining largely flat in recent days. These developments underscore the company's commitment to improving service delivery and its adaptability to market demands. Carvana has 4 risks (and 1 which is significant) we think you should know about. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The introduction of same-day vehicle delivery in Denver and the new Inspection and Reconditioning Center in Nashville could have a significant influence on Carvana's operational efficiency and customer satisfaction. These advancements, coinciding with a significant share price jump, align with the company's aim to enhance service delivery. Over the last three years, Carvana's total return, including share price and dividends, increased by a notably large percentage, showcasing the company's substantial growth, even as the annual industry return was lower. In the past year, Carvana outperformed both the US Specialty Retail industry and the broader market, with returns surpassing industry averages. This differentiation highlights Carvana's capacity to generate notable shareholder value amidst broader market conditions. The news mentioned may further bolster revenue and earnings forecasts as expansion and technology adoption are expected to foster sales growth and improved margins. With the share price closely aligning with the analyst consensus price target of $259.81, the market shows confidence in Carvana's capacity to meet these targets, considering both their ambitious growth strategies and potential risks. However, balancing debt levels and operational scaling remains crucial as the company navigates its path forward. Understand Carvana's earnings outlook by examining our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:CVNA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Geek Wire
14-06-2025
- Business
- Geek Wire
Fresh produce with your package: Amazon testing tighter grocery bundling for same-day deliveries
Blueberries, apples, and cucumbers showed up in my recent order that included a micro SD card and dishwasher detergent. (GeekWire Photo / Taylor Soper) Amazon is making a more concerted effort to get customers buying groceries online as they shop on the tech giant's main shopping storefront. I've noticed this lately after loading up my online cart on and clicking 'proceed to checkout.' Instead of taking me to checkout, Amazon shows me a page with more than 100 grocery items that can be delivered same-day. Most of the items I saw were fresh produce or meat, with some packaged foods. ( screenshot) I tested this out a few days ago — adding some apples, cucumbers, and blueberries to my online cart that already included a micro SD memory card and dishwasher detergent. After ordering late one evening, everything arrived at my Seattle doorstep the next morning — non-grocery items in one package, groceries an hour later. 'We are currently iterating on new experiences that make it easier for customers to shop for fresh groceries alongside the millions of items available for same-day delivery,' Amazon said in a statement to GeekWire. Amazon said in October that it was running a trial in Phoenix that let customers bundle perishable items with other products for same-day and overnight delivery. Amazon CEO Andy Jassy talked about the new initiative during the Q&A portion of Amazon's shareholders meeting last month: 'We've experimented in Phoenix, in Kansas City, in Orlando at this point. And so now, when you're getting those items that you get same day, you can add perishables, like eggs or milk, or bread, or yogurt. That experience is really resonating with customers. We're seeing very significant adoption, and I'm optimistic as we roll that out to many more of our same day facilities, that that will lead to more of our customers buying perishables from us.' Personally I've had a hard time keeping track of Amazon's various grocery delivery services — from Amazon Fresh to Whole Foods to the same-day platform (which was called Prime Now in a previous incarnation). That's partly why the tighter integration with the shopping experience caught my attention. It was baked directly into the traditional e-commerce shopping flow, and made everything feel like one process versus buying products off and then making a separate grocery order. There were no extra fees or subscriptions required (I am a Prime member), and everything came within the same delivery window. I'm surprised it took Amazon so long to roll this out. But I'm not sure I'll keep using it. I'm not a big online grocery shopper — I prefer to pick my own produce if possible. The items came inside insulated bags and were somewhat cool on arrival, but the cucumbers had a weird look and weird smell. I ended up throwing them out, and reminded myself why I still like grocery shopping the old fashioned way. In another sign of grocery-related consolidation at Amazon, the company is reorganizing its grocery unit leadership ranks and bringing Whole Foods corporate staff under Amazon's employee programs, Business Insider reported this week. It's the first big structural change for the company's grocery arm under new leader Jason Buechel, the CEO of Whole Foods who expanded his role earlier this year to also oversee Amazon's Worldwide Grocery Stores business. From the initial launch of Amazon Fresh in 2007 to the $13.7 billion acquisition of Whole Foods in 2017 and beyond, Amazon has had mixed results in grocery. Over the past few years the company introduced new store formats, closed some stores, paused and restarted expansion, and shifted away from its 'Just Walk Out' checkout-free technology in its large format Amazon Fresh stores. More recently Amazon has launched small format 'Daily Shop' Whole Foods stores and an automated micro-fulfillment center co-located within a Whole Foods store. 'I think that the way people buy groceries is going to continue to evolve over time,' Jassy said at the shareholders meeting. 'So I continue to be very, very bullish on our grocery business. It's large today and has a chance to be much larger in the future.' Amazon said it had more than $100 billion in gross sales of groceries and household essentials in 2024, excluding sales from Whole Foods and Amazon Fresh. Amazon still has a small slice of the U.S. grocery market, at just 1.4%, with Whole Foods at 1.6%, according to data cited by Business Insider.
Globe and Mail
10-06-2025
- Business
- Globe and Mail
Target Digital Sales Up 4.7% in Q1: Is Circle 360 the Real Driver?
Target Corporation 's TGT digital sales were a bright spot in an otherwise soft first-quarter fiscal 2025, marked by sluggish traffic and a decline in comparable store sales. Digitally originated comparable sales rose 4.7% year over year, reflecting a more than 35% jump in same-day delivery powered by Target Circle 360 and continued momentum in Drive Up. Target Circle 360 is rapidly becoming a cornerstone of Target's digital strategy. This membership offers same-day delivery with no price markups, not only on Target's own products but also on orders from more than 100 third-party retailers via Shipt. This commitment to pricing transparency provides Target with a notable competitive advantage in a market where rivals often impose hidden fees or inflate partner prices. Unlike many retail subscription models that are confined to a single brand, Target Circle 360 broadens its appeal by bundling multiple partners, including CVS, Petco, and Lowe's. In the first quarter, Target successfully fulfilled more than 70% of all digital orders within a day, a significant milestone attributed in part to Shipt's expanding driver network and retail penetration. In a quarter where overall traffic declined 2.4% and average transaction amount slipped 1.4%, Target Circle 360 stood as a growth catalyst. Target also reported a nearly 20% year-over-year improvement in delivery speed, enhancing convenience at a time when consumers are looking for value and fast delivery. Well, Target's digital gains came against the backdrop of a cautious consumer spending environment and highlight the growing role Circle 360 plays in offsetting those headwinds. Target Circle 360 vs. Walmart+ & Amazon Prime Like Target, Walmart Inc. WMT is leaning heavily into same-day delivery to drive digital growth. Walmart has expanded its Walmart+ membership, which includes free same-day delivery on various merchandise. Walmart's store footprint, much like Target's, supports its hybrid fulfillment model, with stores acting as local hubs. In the first quarter of fiscal 2026, Walmart's global e-commerce sales grew 22%. Meanwhile, Inc. AMZN continues to set the pace in fast fulfillment. With its Prime membership, Amazon offers same-day or one-day delivery on millions of items, leveraging its vast logistics network. Amazon has also aggressively expanded its same-day sites near major cities to cut delivery times further. Target's Price Performance, Valuation and Estimates Target stock has declined 13.7% over the past three months against the industry 's growth of 8.6%. Target's forward 12-month price-to-earnings ratio of 12.63 reflects a lower valuation compared to the industry's average of 33.21X. TGT carries a Value Score of B. The Zacks Consensus Estimate for Target's current financial-year sales and earnings per share implies a year-over-year decline of 1.9% and 15.2%, respectively. Target currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report
