Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

DoorDash and Loblaw announce PC Express(TM) Rapid Delivery, a new and innovative offering to bring express delivery of grocery and convenience items to customers in Canada

DASH

Customers will also be able to order from their favourite Loblaw Companies retail stores for delivery from the DoorDash Marketplace app

TORONTO, June 22, 2022 /CNW/ - DoorDash, Inc. (NYSE: DASH) (DoorDash) and Loblaw Companies Limited (TSX: L) (Loblaw) today announced a collaboration that will bring a new and innovative grocery delivery service to customers in Canada. Starting this August, PC Express™ Rapid Delivery will make grocery and convenience items available to customers in an expected1 express delivery time of 30-minutes-or-less.

DoorDash and Loblaw announce PC Express™ Rapid Delivery (CNW Group/DoorDash)

"Customers have come to expect the very best online grocery shopping experience from us, whether they choose curb-side pickup or delivery to their door," said Lauren Steinberg, SVP Loblaw Digital. "Collaborating with DoorDash on rapid delivery services enables us to enhance our already existing PC Express™ offering by adding 30-minutes-or-less delivery to meet customers' growing interest in on-demand delivery options."

Kicking off in major cities across the country, including Vancouver, the Greater Toronto Area, Calgary and Kitchener, the express rapid delivery offering will include grocery and convenience items supplied by Loblaw.

"Our goal is to bring convenience to customers in Canada, with the selection and speed they want," said Shilpa Arora, General Manager, DoorDash Canada. "Through this collaboration with Loblaw, we are addressing consumers' need to "get it now," in addition to our existing Marketplace and Drive channels and furthering the value we bring to consumers and partners alike."

Customers can shop for grocery and convenience items to be delivered through express rapid delivery by visiting the DoorDash Marketplace app and selecting "PC Express™" Rapid Delivery, or via PCExpress.ca.

Additionally, starting in July, customers will be able to order on the DoorDash Marketplace app from their favourite Loblaw Companies retail stores, including Loblaws®, Real Canadian Superstore®, Atlantic Superstore®, Provigo®, Maxi®, Shoppers Drug Mart® & Pharmaprix®.

DoorDash will also power same-day delivery for grocery and convenience items from all Loblaw banner stores on Loblaw's own pcexpress.ca through DoorDash Drive, DoorDash's fulfilment platform that powers direct delivery to customers for any business.

Rapid Retail Canada, Inc., a DoorDash subsidiary, will be the retailer operating under the PC Express™ Rapid Delivery brand.

About DoorDash

DoorDash (NYSE: DASH) is a technology company that connects consumers with their favourite businesses in 27 countries across the globe. Founded in 2013, DoorDash enables local businesses to address consumers' expectations of ease and immediacy and thrive in today's convenience economy. By building the logistics infrastructure for local commerce, DoorDash is bringing communities closer, one doorstep at a time.

DoorDash Forward-Looking Statements

This communication may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements generally relate to future events. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions. Forward-looking statements in this communication include, but are not limited to, expectations regarding the collaboration between DoorDash and Loblaw, and plans, objectives and expectations with respect to future operations in Canada. Expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. For information on potential risks and uncertainties that could cause actual results to differ from the results predicted, please see DoorDash's Annual Report on Form 10-K for the year ended December 31, 2021 and subsequent Form 10-Qs or Form 8-Ks filed with the SEC. All information provided in this communication is as of the date of this communication and any forward-looking statements contained herein are based on assumptions that DoorDash believes to be reasonable, and information available to it, as of such date. DoorDash undertakes no duty to update this information unless required by law.

About Loblaw Companies Limited

Loblaw is Canada's food and pharmacy leader, and the nation's largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,400 corporate, franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 190,000 full- and part-time employees, making it one of Canada's largest private sector employers.

Loblaw's purpose – Live Life Well® – puts first the needs and well-being of Canadians who make one billion transactions annually in the company's stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,050 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at nearly 1,400 Shoppers Drug Mart® and Pharmaprix® locations and close to 500 Loblaw® locations; PC Financial® services; affordable Joe Fresh® fashion and family apparel; and four of Canada's top-consumer brands in Life Brand®, Farmer's Market™, no name® and President's Choice®.

For more information, visit Loblaw's website at www.loblaw.ca and Loblaw's issuer profile at www.sedar.com.

Loblaw Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Loblaw's current expectation regarding future events. There can be no assurance regarding the ability of Loblaw to successfully implement the rapid delivery service or realize on the benefits associated with it. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Loblaw's control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Loblaw's current Annual Information Form and First Quarter 2022 MD&A. Loblaw does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.

1 Expected express grocery in 30 mins or less is the target delivery time and is not guaranteed

DoorDash and Loblaw announce PC Express™ Rapid Delivery (CNW Group/DoorDash)

SOURCE DoorDash

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/22/c6798.html