×
93 462
Fashion Jobs
DESIGNER BRANDS
General Manager
Permanent · Framingham
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Soho
Permanent · New York
MACY'S
Asset Protection Detective, Town Center - Full Time
Permanent · Kennesaw
MACY'S
Asset Protection Detective, Cherry Hll - Part Time
Permanent · Cherry Hill
MACY'S
Asset Protection Detective, San Francisco Union Square - Full Time
Permanent · San Francisco
MACY'S
Asset Protection Detective, West Dade Miami Int'l - Full Time
Permanent · Miami
MACY'S
Asset Protection Security Guard, Brooklyn - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Cross Creek Mall - Part Time
Permanent · Fayetteville
MACY'S
Asset Protection Detective, North County Fair - Part Time
Permanent · Escondido
MACY'S
Asset Protection Detective, Mall of Louisiana - Part Time
Permanent · Baton Rouge
MACY'S
Asset Protection Security Guard, Evergreen - Full Time
Permanent · Evergreen Park
MACY'S
Asset Protection Detective, Mayfair - Part Time
Permanent · Wauwatosa
MACY'S
Asset Protection Officer, Secaucus st fj - Part Time (2840)
Permanent · Secaucus
MACY'S
Manager, Law Enforcement Liaison And Asset Protection
Permanent · New York
MACY'S
Asset Protection Detective, Salem Center - Full Time
Permanent · Salem
MACY'S
Manager, Merchandise Execution
Permanent · Palm Beach Gardens
MACY'S
Asset Protection Detective, Montclair Plaza - Full Time
Permanent · Montclair
MACY'S
sr. Manager, Maintenance
Permanent · Portland
MACY'S
Asset Protection Detective, Beverly Center - Full Time
Permanent · Los Angeles
MARC JACOB'S
Sales Supervisor
Permanent · Aurora
TIFFANY & CO
Security Officer - Lexington Manufacturing
Permanent · Lexington
FABLETICS
Director, Technical Design - Yitty
Permanent · EL SEGUNDO
By
Reuters
Published
Feb 25, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

With Deliv investment, UPS hopes to study same-day delivery market

By
Reuters
Published
Feb 25, 2016

United Parcel Service Inc is investing in Deliv Inc as a way to study the same-day delivery startup's business model and see how that segment of the market evolves, the world's largest package delivery company said on Wednesday.


"We don't participate in the on-demand business as much, and the consumer side of this is still a bit of a mystery to us," said Rimas Kapeskas, managing director of the UPS Strategic Enterprise Fund, the Atlanta-based company's corporate venture arm.

"This is a rapidly evolving marketplace and we thought we could learn more by being close to it," Kapeskas said in a phone interview.

UPS will lead a $28 million funding round for Palo Alto, California-based Deliv, although the company would not disclose the size of its investment. UPS will take a minority stake in Deliv and sit in on board meetings.

Deliv is an Uber-like startup that uses a fleet of contract drivers, thus avoiding healthcare and other costs, to pick up online orders from stores and malls for a fee.

The company has raised $40.5 million from investors including Upfront Ventures, RPM Ventures and mall operators like General Growth Properties.

The company is in 100 U.S. cities and handles last-mile delivery for malls and retailers like Macy's Inc, Kohl's Corp and Best Buy Co Inc.

"We are solving a different problem in the last mile," Deliv Chief Executive Daphne Carmeli said in a phone interview, "and they (UPS) are looking to learn that model and looking to learn about growth in same-day delivery as we are interested to learn from their success."

Traditional retailers use Deliv's crowdsourced same-day delivery services as part of a strategy referred to as "omnichannel." That means retailers increasingly see stores also as distribution centers for e-commerce sales to local customers.

That allows traditional retailers to compete with the likes of Amazon, which is pushing faster same-day delivery services through its Prime Now package.

Satish Jindel, a logistics consultant and president of SJ Consulting Group, described it as a "smart move" for UPS.

"For what is a few nickels and dimes for them, they get to see how this model works, and if there's any validity to it they can apply it in their own business," Jindel said. "But for Deliv, this is like letting the fox in the henhouse by allowing UPS to see how their model works."


 

© Thomson Reuters 2022 All rights reserved.