Grocery

Credit: Pixabay/CC0 Public Domain Before the pandemic, online grocery shopping was typically something younger and more affluent people living in cities indulged in. When COVID hit, though, the market exploded. In the first week of the first UK lockdown, demand for Ocado home deliveries was reportedly ten times higher than it had…

About 21% of Target's annual sales come from the food and beverage category, but its grocery aisles have taken on added importance as shoppers buy fewer discretionary items.Melissa Repko | CNBCFor many Americans, a trip to Target brings to mind a shopping cart filled with throw pillows, makeup or a cute outfit.The retailer wants more customers to think of it when checking off the grocery list, too.related investing newsOnly 21% of Target's annual sales came from food and beverage in the most recent fiscal year, according…

The United Food and Commercial Workers International Union said it opposes the planned merger between Kroger and Albertsons , adding to tensions over the $20 billion supermarket deal. UFCW International, the biggest U.S. union representing grocery workers, is concerned about what President Marc Perrone said was a lack of information provided by the companies about the merger, including on potential store divestitures. The labor group is also worried about the viability of stores that could be sold…

Turkish delivery app Getir is in talks to take over German rival Flink in a key step toward consolidation in Europe’s food delivery market, where companies are battling a slowdown after Covid-19, the Financial Times said. There is no guarantee of an agreement being reached, however, said the paper, which cited people familiar with the matter. Flink and Getir declined to comment on the report. Flink is also in talks to raise funding of about $100 million from existing investors, for a valuation of more than $1 billion, the…

The COVID-19 pandemic was a veritable gold rush for food delivery startups — as the world shut down, people ordered in. These companies promised rapid delivery of groceries from local stores using bikes and scooters, and as demand skyrocketed, investors poured cash into the booming industry.  But now, amid soaring inflation and a post-pandemic downturn, the ‘quick commerce’ market is undergoing rapid consolidation with small companies being swallowed up by a few big players. Founded in 2020 at…

China is working on a pilot programme to insert chips in the bikes of delivery boys to regulate the quick food and grocery delivery industry and gig economy in the country via actively monitoring violations, the media reported on Thursday.According to South China Morning Post, Beijing's transport authority plans to install chips on electric bikes used by couriers and food delivery riders to improve track road traffic.A pilot programme is set to be launched in Beijing this year and the officials will amend local rules for…

The logo of Stellantis, the world's fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, is seen at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021.Massimo Pinca | ReutersStellantis on Wednesday said it has hired the chief financial officer from global grocery company Ahold Delhaize to replace CFO Richard Palmer, who plans to leave the company at the end of June.Palmer will be succeeded by Natalie Knight, who has…

Around 50 stores of Indian food delivery company Zomato's grocery unit Blinkit are shut as bike riders have stopped work in the latest protest to hit India's gig economy as employees push demands for better wages.Zomato in an email said it had introduced a new structure for riders that compensates them based on their effort and was engaging with them to reopen the shut stores.To take advantage of the trend for "quick commerce" that delivers goods within minutes to those in urgent need of supplies or just impulse shopping,…

More than three years after it closed its doors, Lucky’s Market remains a hulking empty box at a prominent corner in Wheat Ridge that has seen its share of drama and delayed promises over the past decade. “We would love to get it occupied tomorrow,” said Steve Art, economic development manager for Wheat Ridge. “We’ve been close on a couple of users but nothing has come to fruition at this point.” In fact, Art said, the developer of The Corners at Wheat Ridge has spoken with no fewer than 11 grocery companies about taking…

"Coles team members are not impacted by this partnership and there is a clear distinction between the roles of Coles team members and third-party courier pickers," the spokeswoman said.LoadingUber has long argued that its workers value the flexibility of choosing their own hours and receive fair pay.But Josh Cullinan, secretary of the Retail and Fast Food Workers Union, said the pact was “ringing alarm bells” and would worry Coles staff.“Using Uber in the way that’s being described would appear to fundamentally undermine…