The Best One Yet
🛍️ “Only 20 days left” — #NoSpendJanuary is trending. Instacart launches smart cart. Mister Car Wash’s growing empire.
Jan 11, 2024
Trending New Year's resolution is #NoSpendJanuary. Instacart's smart cart convinces you to buy ice cream. Mister Car Wash became largest chain with 1 simple strategy.
20:51
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Quick takeaways
- Mister Car Wash's growth strategy involves acquiring local car washes to establish a dominant presence in the fragmented industry.
- Instacart's introduction of smart shopping carts acknowledges the preference for physical grocery shopping and aims to enhance the in-person experience.
Deep dives
Mr. Car Wash: Chainification of the Car Wash Industry
Mr. Car Wash has grown to 425 locations by acquiring local mom and pop car washes, representing the final wave of chainification. With a focus on the unlimited car wash subscription model, Mr. Car Wash has found success in a reliable and fragmented industry. Analysts at Wells Fargo and Goldman Sachs have conflicting recommendations on whether to buy or sell Mr. Car Wash stock, highlighting the uncertainty around its valuation.
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