WTRH - Waitr shoots higher after striking delivery deal covering new retail industries

Waitr Holdings Inc. ( NASDAQ: WTRH ) announced a new partnership with software logistics delivery provider Burq that will allow deliveries from several new retail industries.

Under the agreement, the company will begin delivery from retailers in genres such as apparel, fashion, luxury, sporting goods, and others. as well as many others.

The Burq deal is the second major retail delivery partnership announced by Waitr ( WTRH ) in recent days as it transitions into its broader "delivery anything" model.

The new initiative is expected to brings the company's food delivery services to a significantly wider range of products. In addition to apparel, fashion, luxury and sporting goods, other industries that work with Burq are alcohol, food, and ethnic grocery stores carrying mainly specialty products not found in mainstream supermarkets.

Shares of WTRH broke 9.25% higher in Friday morning trading. It has been an active week for the stock following the announcement that Amazon is taking a stake in Grubhub.

For further details see: