DAVIDsTEA Partners With WIPTEC To Improve Order Fulfillment Capabilities

by Shivani Kumaresan, Benzinga Staff Writer

December 14, 2021 2:33 PM | 1 min read | Make a Comment

DAVIDsTEA Inc DTEA is partnering with WIPTEC pick, pack & ship, a 3PL provider in Quebec, to outsource its product warehousing, distribution, and shipping activities for Canada and the U.S.
Through the new logistics model, DAVIDsTEA aims to enhance its distribution capabilities and improve the customer experience across North America.
DAVIDsTEA will have the ability to scale its e-commerce business and improve delivery times, enabling services like same-day or next-day shipping in key markets.
The new model will support the fulfillment needs of its 18 Canadian flagship stores and help grow its e-commerce activities.
Price Action: DTEA shares are trading lower by 2.89% at $3.02 on the last check Tuesday.

Posted In: News Penny Stocks Contracts Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.