Yesterday’s top retail news and most read stories.
- Walmart marketplace gains on Amazon
- Flink bought by Cajoo
- Consumer confidence lowest in 50 years
- Uber and Grocery Outlet announce pilot
- and more!
Flink, the German instant grocery upstart, snaps up France’s Cajoo for ~$93M, takes fresh Carrefour funding, sources say at $5B valuation
Instant grocery startups sprang up and grew like weeds during COVID-19, fueled by consumers opting to practice social distancing and ready to order their food and sundries at the tap of an app, and VCs seeing an gap in the delivery market that had yet to be definitively filled. Now, perhaps inevitably, comes the consolidation.
Battle of the titans: Walmart marketplace shows big gains against Amazon
Get a by-the-numbers view of Walmart’s remarkable e-commerce growth and seller profitability.
Lowest consumer confidence for nearly 50 years
A consumer confidence monitor that has been running since 1974 recorded its lowest-ever score this month. The well-established GfK index
Success Does Leave Clues for Food Retailers
Giving credit where credit is due. The grocerant niche filled with Ready-2-Eat and Heat-N-Eat fresh prepared food continues to drive
Uber and Grocery Outlet announce US west coast pilot
Uber is teaming with Grocery Outlet to pilot on-demand and scheduled grocery delivery. 72 Grocery Outlet stores across California, Oregon,
Target’s Q1 Results Far Below Expectations
Tough quarter for Target, which reported a $1 billion Q1 profit yesterday … a big number, but one that was
