Quick commerce eating into market share of kiranas, not ecommerce: Delhivery CEO Sahil Barua
In an exclusive interview with ET, Sahil Barua, cofounder and CEO of Delhivery, offered valuable insights into the rapidly changing landscape of logistics and e-commerce in India. Barua pointed out a critical point: the economics of ultra-fast deliveries, particularly those…
Ola drawing up a route map to join quick commerce party
As Ola Electric gears up for its much-anticipated market debut, the spotlight is not solely on electric vehicles. CEO Bhavish Aggarwal is orchestrating a parallel expansion into the cab-hailing market, signaling a strategic pivot that could reshape the transportation landscape….
How Did Ingles Markets Perform in Q3?
Asheville, N.C.-based Ingles Markets Inc. recently published its financial results for the third quarter ending June 29, revealing a decline in both net sales and net income compared to the previous year. Net sales reached $1.39 billion, a decrease from…
Is a City-Owned Grocery Store Coming to Chicago?
In a significant development for Chicago’s food landscape, proposals for a city-owned grocery store have gained momentum based on a recent feasibility study. The HR&A consulting firm’s analysis declares such supermarkets as “necessary, feasible, and implementable.” Collaborating with a nonprofit…
In-Store Discovery Kiosk Enhances Retail Media Capabilities
In today’s fast-paced business landscape, organizations must not only keep up but also innovate to thrive. A prime example is the strategy adopted by tech giants like Amazon, which continuously integrates customer feedback into their product development. This approach not…
Popcorn, Truffles & Boba Tea: Indulging in Fancy Food Trends
At the recent Specialty Food Association’s Summer Fancy Food Show, significant trends in snacking and indulgence took center stage. Market researcher David Lockwood highlighted popcorn as a standout item, showcasing unique flavors like Sea Salted Brulée and Spicy Taco. These…
Southeastern Grocers Hands Out Scholarships to Deserving Employees
Southeastern Grocers Inc. (SEG) is setting a powerful example in the retail industry with its recent initiative to support the educational pursuits of its employees. In a commendable move, the company awarded $3,000 scholarships to 25 deserving associates from both…
Costco Reports Brisk Grocery Sales for July
In July 2024, Costco Wholesale Corp. achieved remarkable grocery sales, reporting net sales of $19.26 billion. This figure represents a significant year-on-year increase of 7.1%. Notably, sales within the United States alone experienced a rise of 5.3%, compared to a…
Weis Markets Q2 Sales Come In Flat
Weis Markets Q2 Sales Come In Flat Weis Markets Inc., a prominent regional grocer, has announced its financial outcomes for the second quarter ending June 29. The firm reported net sales of $1.18 billion, reflecting a modest increase of just…
EXCLUSIVE: Where CPG Innovation Meets Food Policy
EXCLUSIVE: Where CPG Innovation Meets Food Policy Diet and health are central topics for stakeholders in the food chain, as consumers increasingly seek healthier options. The World Health Organization (WHO) has highlighted a pressing issue: global obesity rates have more…
