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Benzinga
Benzinga
Business
Wayne Duggan

How DoorDash Is Taking On Amazon And Walmart With This Newly Announced Partnership

DoorDash Dash BJ NYSE Michael McGovern DoorDash Inc Grocery Uber Bank of America Nasdaq

DoorDash Inc (NYSE:DASH) has announced a new partnership with BJs Wholesale Club Holdings Inc (NYSE:BJ) in which even non-BJ's members can get same-day grocery delivery through BJs.com. The partnership covers all 226 BJ's locations in 17 different eastern U.S. states.

The Numbers: On Tuesday, Bank of America analyst Michael McGovern said DoorDash is very well-positioned to gain market share in the massive $830 billion U.S. grocery, convenience and alcohol market, which he estimates is only about 8% penetrated by online sales today. McGovern said DoorDash is the market leader in online convenience, but it is currently trailing in the grocery category behind Amazon.com, Inc. (NASDAQ:AMZN), Walmart Inc (NYSE:WMT) and Instacart.

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