
Deliveroo Launches Drone Food Delivery Service in Dublin
As part of the partnership, Deliveroo customers in some areas of the suburbs of west Dublin will have the option to have their order delivered by drone, the company said Thursday. It will conduct a test phase in the coming weeks to assess how the drones can help serve suburban locations.
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6 hours ago
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Ulta and Target to end in-store partnership in 2026
The Brief The 600 mini-Ulta Beauty stores inside Target stores nationwide will close next year. Both companies agreed not to renew their partnership, but neither company offered a reason for the split. Ulta Beauty and Target have "mutually agreed" to close the mini-Ultas inside Target stores next year. The two companies announced the news in a press release. Why are Ulta and Target ending their partnership? What we know The companies said they will not renew the shop-in-shop partnership when the current agreement ends in August 2026. Guests with linked rewards accounts will continue to earn Ulta Beauty Rewards on eligible Ulta Beauty at Target purchases until then. READ MORE: Kodak says there's 'substantial doubt' it can stay in business What we don't know Neither company offered a reason for the split. By the numbers Ulta is currently in 600 of Target's roughly 1,980 stores, according to a Target spokesperson. The backstory The shops are about 1,000 square feet and carry makeup, skincare, and fragrances. They're operated beside existing beauty sections in Target stores. The deal was a way for both Target and Ulta to increase their customer base. The partnership was announced in 2020 and launched in 2021 as the coronavirus pandemic upended shopping habits and more people tried to minimize potential exposure to the virus through one-stop shopping. COVID had dampened sales of lipstick as people wore masks, but the skincare business enjoyed stronger sales. Target's sales slump continues Dig deeper Target's profits have been stagnant for the past few years, though Reuters reports that the retailer's beauty segment sales were up 5% in 2024, compared to a 0.9% decline in overall merchandise sales. In May, the company reported that sales fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 as its customers, worried over the impact of tariffs and the economy, pull back on spending. READ MORE: Spirit Airlines warns it may not survive another year Target also said customer boycotts did some damage during the latest quarter. The company, long a fierce corporate advocate for the rights of Black and LGBTQ+ people, scaled back many diversity, equity and inclusion initiatives in January after they came under attack by conservative activists and the White House. Target's retreat created another backlash, with more customers angered by the retailer's reduction of LGBTQ+-themed merchandise for Pride Month in June 2023. What's next Target is expected to report its second-quarter fiscal results on Wednesday. The Source This report includes information from Target, Ulta, Reuters and The Associated Press.
Yahoo
a day ago
- Yahoo
WeRide Lands Grab Investment To Speed Robotaxi Rollout In Southeast Asia
WeRide (NASDAQ:WRD) stock gained on Friday after it announced that Grab (NASDAQ:GRAB) will take a strategic equity stake as part of a deeper partnership to speed up the deployment and commercialization of Level 4 Robotaxis and shuttles across Southeast Asia. The deal, expected to close by mid-2026, supports WeRide's plan to expand its autonomous vehicle fleet and advance AI-driven mobility in the region. Under the agreement, WeRide will integrate its autonomous driving technology into Grab's fleet management, vehicle matching, and routing systems to boost service quality, safety, and operational companies will also train and upskill driver-partners and local communities for high-value careers in the AV industry. The partnership outlines a scalable framework for optimizing dispatch and routing, maximizing vehicle uptime, ensuring safety through local traffic training, enabling remote monitoring, and providing rapid customer support. It builds on their March 2025 MoU to explore AV feasibility, market potential, and job creation, combining WeRide's technical expertise with Grab's regional scale to roll out thousands of Robotaxis in line with local regulations and market readiness. WeRide stock plunged 32% year-to-date, weighed down by at least three consecutive quarters of losses. Meanwhile, WeRide expanded its Robotaxi service with Uber Technologies (NYSE:UBER) in Abu Dhabi, adding Al Reem and Al Maryah Islands to its network in partnership with the Integrated Transport Centre. The rollout now covers half of the city's urban core and is expected to double ride volumes. Since December 2024, WeRide has tripled its Abu Dhabi fleet and plans to scale to hundreds of vehicles this year, extending into Khalifa City, Masdar City, and more downtown districts. The fleet uses WeRide's mass-produced GXR autonomous vehicles, designed for commercial use, with each completing dozens of trips daily. Price Actions: WRD shares are trading higher by 3.21% to $9.96 premarket at last check Friday. GRAB is down 0.19%. Photo by Tada Images via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? WERIDE (WRD): Free Stock Analysis Report This article WeRide Lands Grab Investment To Speed Robotaxi Rollout In Southeast Asia originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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a day ago
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PDD's Temu Partners with FITI to Improve Product Quality
PDD Holdings Inc. (NASDAQ:PDD) is one of the 11 Best Revenue Growth Stocks to Buy Now. On August 8, Temu, PDD Holdings Inc.'s (NASDAQ:PDD) fast-growing global e-commerce platform, announced a new partnership with the FITI Testing & Research Institute as part of its ongoing efforts to improve product quality oversight. Temu operates in over 90 markets around the world. Temu signed a memorandum of understanding (MOU) with the FITI Testing & Research Institute. FITI will provide third-party testing services for the textile and clothing products sold on Temu. This means that an independent organization will help ensure compliance with technical standards and support sellers in improving the consistency and reliability of their products. A close-up of a customer placing an order using the company's e-commerce platform. This partnership adds an extra layer to Temu's existing quality assurance framework. FITI joins a growing group of global testing and certification partners that work with Temu to help confirm products sold on the platform meet certain safety and regulatory standards. PDD Holdings Inc. (NASDAQ:PDD), formerly Pinduoduo Inc., is a multinational commerce group best known for its e-commerce platforms, Pinduoduo and Temu. While we acknowledge the potential of PDD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data