The shift in drinking habits comes as consumers spend more time imbibing at home instead of at bars and restaurants, said Danelle Kosmal, the market research firm’s vice president of beverage alcohol. alcohol sales in “off-premise channels” - such as supermarkets and liquor stores - are up 22% compared with the same period last year, according to Nielsen data. The companies complement each other, he said, and both are in categories - alcohol sales and home delivery - that have seen business boom during the pandemic. “It’s a very sensible deal,” said Anthony LeCour, who specializes in food and beverage as head of consumer investment banking at Wedbush Securities. Gola declined to provide financial figures for the companies, which are privately held. GoPuff has about 3,000 employees and Concord, Calif.-based BevMo has about 2,000. “We’re still working on that.”Ĭurrently, there aren’t plans to close any BevMo stores, which are in California, Washington and Arizona. It could be “a combination of things,” he said. Gola said the company hasn’t yet decided whether to open fulfillment centers in California, or use some of the real estate in BevMo’s stores to house GoPuff products. ![]() When that happens, GoPuff customers will be able to add BevMo products to their delivery orders. GoPuff is still figuring out how to best combine the two companies, with a target completion date of sometime next year. ![]() In several markets, GoPuff deliveries are available 24/7. It specializes in quick-turnaround delivery: For a flat rate of $1.95 (there’s also a subscription option), customers can get thousands of items - cleaning supplies, food and electronics among them - delivered in 30 minutes or less. “This is just a better and faster and strategic way for us to enter the market.”Īlthough it is little-known in Los Angeles, GoPuff operates more than 200 micro-fulfillment centers serving more than 500 cities around the country. “The plan all along was to get into California,” Yakir Gola, GoPuff’s co-founder and co-chief executive, said in an interview.
0 Comments
Leave a Reply. |