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Daily QuickWit (12/16) – Top Retail News of the Day

According to a new report Amazon’s plastic waste surges by a third during pandemic; Amazon disagrees.

The trade off and environmental impact of delivery is showing it’s true colors according to a new report from marine conservation group Oceana Amazon’s plastic packaging increased by almost a third, to 270,000 tonnes, during the pandemic last year. 

An Amazon spokesperson told The Guardian: “Amazon shares Oceana’s ambition to protect the world’s oceans and respects their work but, for a second year, their calculations are seriously flawed. They have overestimated our plastics usage by more than 300%, and use outdated assumptions about the sources of plastic waste entering our oceans.”

Judge rules against AutoStore in patent fight with Ocado

Big news for both Ocado and Kroger as the U.S. International Trade Commission (ITC) administrative law judge has ruled that certain patents held by AutoStore are invalid, dealing a blow to the Norwegian robotics company’s effort to block British rival Ocado from bringing technology used to build automated grocery e-commerce warehouses into the United States.

Attention Toys R Us Kids: The Toy Superstore Is Back

Growing up a ‘Toys R Us Kid, this warms my heart.  Toys R Us has a huge nostalgia equity and opportunity, there have been several stops and starts but we hope this is a sign of things to come so my children can also have the pure joy of walking the aisles of a true toy store. 

Boxed Advances to Its Next Chapter — as Public Company

Following its completion of a merger with Seven Oaks Acquisition Corp. on Dec. 8, Boxed Inc.’s common stock and warrants are now available for trading on the New York Stock Exchange under the new ticker symbol BOXD.

Meijer expands small-store market concept to Ohio

Before the pandemic hit many retailers were testing smaller format stores, now there is renewed focus on the need for smaller footprints.  We expect the news of more retailers doing this to accelerate in 2022.  Meijer is expanding its scaled-down grocery concept outside of its home state of Michigan, announcing on Tuesday plans to open a 40,000-square-foot store in Cleveland, Ohio.

 

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