Instacart (CART) announced that Associated Food Stores, a retail co-op, is bringing Instacart’s white-label e-commerce solutions, Storefront and Storefront Pro, across five owned and operated banners and over 40 member-owned banners. Through this partnership, AFS will bring e-commerce and retail media capabilities to its owned and operated banners, including Fresh Market, Lin’s, and Macey’s, and independent member stores, including Broulim’s, Davis Food & Drug, Kent’s, and Lee’s, providing them with a simple and fast way to expand into online grocery.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CART:
- Instacart price target lowered to $66 from $67 at Goldman Sachs
- Instacart price target lowered to $42 from $45 at Mizuho
- Instacart price target lowered to $55 from $65 at JPMorgan
- Instacart price target lowered to $60 from $67 at Benchmark
- Instacart price target lowered to $40 from $56 at Deutsche Bank