- DoorDash (DASH, $65.04) is ending its partnership with Walmart (WMT, $137) after more than four years of delivering the retail giant’s products to customers – the Walmart partnership was announced in 2018. DoorDash is said to have sent Walmart a 30-day notice and a letter earlier this month to end their partnership. The termination will go into effect in September.
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Sources familiar with the matter told Insider – who broke the story first, that DoorDash decided to end its partnership with Walmart because it was no longer mutually beneficial and because the delivery company wanted to focus on “its long-term customer relationships.”
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Despite DoorDash’s partnership with Walmart coming to a close, the company has geared up to collaborate with another notable brand, Facebook parent Meta.
Why it matters
DoorDash and Walmart’s split isn’t all that surprising. Walmart has been busy building out its own delivery service platform, Spark, which hands off grocery deliveries to its own database of gig workers, similar to the way Lyft (LYFT, $16.63) and Uber (UBER, $28.92) operate. Walmart told Insider that Spark accounts for 75% of its deliveries and services 84% of households in the US.
