Home Depot's (HD) strategic efforts, including the "One Home Depot" investment plan, appear encouraging.
Instacart (Nasdaq: CART), the leading grocery technology company in North America, and The Home Depot (NYSE: HD), the world's largest home improvement retailer, today announced a nationwide partnership to offer same-day delivery in as fast as an hour from nearly 2000 store locations. Customers can now order a wide range of home improvement items on Instacart's platform – from garden essentials and building supplies to light fixtures– and have them rapidly delivered directly to their doorstep.
Shares of Instacart (CART), the popular grocery delivery platform incorporated as Maplebear, are falling following a statement from the company's newly appointed Chief Financial Officer Emily Reuter at the JPMorgan Investor Day conference. During the event, Reuter conveyed that Instacart does not anticipate its gross transaction value (GTV) to surpass the current guidance provided to investors. Yahoo Finance's Julie Hyman and Jared Blikre break down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith