online grocery

Instacart files for IPO, but should it?

Woman wearing Instacart shirt reaches for vegetables in a grocery store aisle.

Instacart said late Wednesday night that it had filed a Form S-1 with the Securities and Exchange Commission for a possible initial public offering.

According to Bloomberg, the delivery firm is working with Goldman Sachs and J.P. Morgan on the possible offering, which Instacart said is not a definitive choice as of yet.

An IPO was rumored last year, although there was some speculation that Instacart would forgo the traditional IPO route and go the direct listing route instead. In a direct...

https://www.freightwaves.com/news/grocery-delivery-firm-instacart-files-for-ipo

Kroger continues deep dive into e-commerce grocery, announces new facilities

Kroger expands e-commerce grocery service

Grocery retailer Kroger is continuing its rapid advancement of online grocery options, announcing that it is expanding its fulfillment network to three new cities this year.

Speaking at a business update meeting in Orlando, Florida, on Friday, Kroger officials said the company would open fulfillment centers in Austin and San Antonio, Texas, and Birmingham, Alabama. Similar to its previous expansion into Florida, the (NYSE: KR) fulfillment centers will handle e-commerce grocery without a physical...

https://www.freightwaves.com/news/kroger-continues-deep-dive-into-e-commerce-grocery-announces-new-facilities

Misfits Market creates 4 more oases in US food deserts

Misfits Market now offering online grocery delivery in Arizona, New Mexico, Nebraska, Oklahoma

Food deserts are areas of the country where residents have little or no access to affordable and healthy foods. Despite COVID-19 accelerating the fight against food insecurity, nearly 20 million Americans still live in these regions. For these people, prospects are slim for major grocers that sell everything you need for cheap — the Walmarts, the Krogers and the like.

Many who live in food deserts don’t have the resources to travel to stores with affordable or nutritious grocery options, so one...

https://www.freightwaves.com/news/misfits-market-creates-4-more-oases-in-us-food-deserts

Point Pickup Technologies acquires e-commerce tech platform GrocerKey

Same-day delivery firm Point Pickup Technologies has acquired GrocerKey, a white label e-commerce technology platform. Point Pickup expects the acquisition to provide it an end-to-end e-commerce platform, from pick-and-pack to last-mile delivery.

Terms were not disclosed.

“With almost 68 million U.S. households placing online orders this past May, retailers no longer want to give away the last mile to other consumer-facing platforms,” explained Tom Fiorita, founder and CEO of Point Pickup...

https://www.freightwaves.com/news/point-pickup-technologies-acquires-e-commerce-tech-platform-grocerkey

Uber rolling out same-day, on-demand grocery delivery in 400 cities

uber same day on demand online grocery delivery doordash instacart amazon albertsons

Just when you thought Uber Technologies Inc. (NYSE: UBER) had perhaps put too many eggs in its basket, it’s putting eggs in consumers’ baskets – straight from the grocery store.

The company on Monday announced its largest grocery expansion since launching in July 2020, with the company’s same-day and on-demand scheduled grocery delivery now being offered in over 400 U.S. cities and towns. The move, Uber’s first major grocery expansion in the U.S., will more than double the availability of its...

https://www.freightwaves.com/news/uber-rolling-out-same-day-on-demand-grocery-delivery-in-400-cities

Centralized buying at Whole Foods goes directly against its ethos

This is an excerpt from Monday’s (5/27) Point of Sale retail supply chain newsletter sponsored by ArcBest.

It’s been nearly four years since Amazon acquired Whole Foods. When the deal was announced, the fear was that in its quest for retail domination, Amazon would strip out everything that made the Austin, Texas-based natural foods pioneer so special, turning its ~500 stores into little more than mini-fulfillment centers for Amazon grocery. While many of the worst fears haven’t come to pass,...

https://www.freightwaves.com/news/centralized-buying-at-whole-foods-goes-directly-against-its-ethos

GreenDropShip adds app for Shopify sellers to add grocery items

Sellers on Shopify can now offer natural and organic grocery products through a new app from GreenDropShip.

The GreenDropShip app is the first that allows Shopify (NYSE: SHOP) sellers to add grocery items to their online stores, the company said. Sellers can add over 20,000 items to their stores, including natural and organic grocery, body care, supplements and household products.

“We created the GreenDropShip app to offer Shopify merchants a way to have seamless automation. It saves time and...

https://s29755.pcdn.co/news/greendropship-adds-app-for-shopify-sellers-to-add-grocery-items

Is Instacart headed to be America’s top grocer?

This is an excerpt from Tuesday’s (3/9) Point of Sale retail supply chain newsletter sponsored by ArcBest.

Instacart had a crazy year. Capped off by last week’s funding announcement of another $265 million at a valuation of $39 billion (more than 4x where it was to begin 2020), Instacart has seen every piece of its business explode over the past 12 months. By some accounts, the 8-year-old company now has roughly 50% of the online grocery market. With an IPO almost guaranteed this year, I wanted...

https://s29755.pcdn.co/news/is-instacart-headed-to-be-americas-top-grocer

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