As consumers increasingly look for guidance from trusted friends and content creators to inform their shopping, Uber is integrating a social element into its Eats platform.
Costco Wholesale Corporation (NASDAQ: COST) is trading at an all-time high after Uber Eats teamed up with the retail behemoth on Thursday. Details of Costco-Uber partnership Users can now have groceries and other merchandise delivered from Costco via Uber Eats.
Uber is offering new perks for Costco lovers as it looks to expand into the suburbs. Members and non-members can now shop Costco on Uber Eats for delivery of groceries and more.
Uber Technologies Inc (NYSE:UBER, ETR:UT8)'s bus service, ride share offerings and expanded grocery delivery partnership with Costco are set to fuel booking growth, analysts say. Bank of America maintained a ‘buy' rating on Uber following its Go-Get event, in which the travel products were showcased and the partnership was unveiled.