Please ensure Javascript is enabled for purposes of website accessibility

Big Lots Partners With Instacart for Same-Day Home Delivery in 47 States

By Rhian Hunt – Jun 8, 2020 at 2:32PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The wares available for delivery extend far beyond Instacart’s usual grocery service.

A new pact, announced today, between privately held grocery delivery company Instacart and multi-department retailer Big Lots (BIG -2.37%) will see household goods and groceries alike available for same-day delivery from approximately 1,400 Big Lots stores. The program, launched during a time of social distancing and consumer reluctance to shop in crowded retail areas because of COVID-19, will operate in all 47 U.S. states where Big Lots has a physical store presence.

Big Lots is one of the few businesses trading above the stock market value it had prior to the coronavirus pandemic. Though its share value slumped alongside many other enterprises during the worst of the pandemic, it's now trading at approximately 13% to 30% above its pre-COVID-19 highs. It also received several positive upgrades from analysts at the end of May, despite its lack of e-commerce presence. 

A cardboard box with 
a label that says "contactless delivery" sits outside a front door.

Image source: Getty Images.

The company is correcting its weak online presence with its Instacart alliance. Big Lots' vice president of e-commerce, Erica Fortune, said today the retailer's "partnership with Instacart will bring our assortment of home goods, groceries and everyday essentials to customers online in a new way." The press release went on to note that in addition to "grocery and pantry staples," shoppers can also "select from a variety of Big Lots aisles including home goods, kitchen and dining, beauty, pet, personal care, office and craft supplies, toys and more."

Online customers shop and place their orders through the Big Lots page on the Instacart website or through the Instacart app, not on the Big Lots website. The default setting for delivery options is "Leave at My Door Delivery," ensuring a 100% contact-free shopping experience to minimize exposure.

Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Big Lots, Inc. Stock Quote
Big Lots, Inc.
$15.24 (-2.37%) $0.37

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/03/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.