The Hustle Daily Show DoorDash cements its food empire, buys Deliveroo
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May 7, 2025 DoorDash is making waves with its hefty acquisitions of Deliveroo and SevenRooms, aiming to solidify its food delivery empire. As it expands globally, the competition is left wondering if they can keep up. Retail struggles, like Rite Aid's bankruptcy, highlight the challenges faced by traditional industries. Meanwhile, innovations in delivery services, such as Instacart's new app and Uber's investments, reveal changing consumer habits. This dynamic landscape sets the stage for further growth in the U.S. and beyond.
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Drugstore Industry Struggles
- Rite Aid filed for bankruptcy again less than a year after exiting it, highlighting struggles in the physical drugstore business.
- The challenges follow similar difficulties faced by Walgreens and CVS, showing the sector's ongoing instability.
Mattel Keeps Toy Production in China
- Mattel will keep manufacturing toys in China despite tariffs, meaning higher prices rather than relocating production.
- Toys’ lower manufacturing cost compared to other industries makes moving production to the U.S. unlikely in the near term.
Uber Expands Delivery in Turkey
- Uber expanded in Turkey by acquiring an 85% stake in Trendyol Go for $700 million.
- This move strengthens Uber Eats’ international delivery presence against competitors like DoorDash.