The lawsuit alleges that the company misled investors about its operations and ability to achieve forecasted cost savings during the two-year period leading up to a sharp drop in its stock price earlier this month.
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The lawsuit alleges that the company misled investors about its operations and ability to achieve forecasted cost savings during the two-year period leading up to a sharp drop in its stock price earlier this month.
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Walmart’s new online shopping destination helps customers find brands and products aligned with their healthy food, clean living or sustainability goals.
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Hungryroot, an online grocer that uses artificial intelligence to build shopping carts for customers, has raised $40 million in a round led by L Catterton.
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The online market offering Asian and Hispanic groceries, with an emphasis on more than 300 types of local, organic and seasonal produce, now has a $2.8B valuation.
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The San Francisco-based company will use the funding to fuel its expansion into Southern California by this fall — a move that will triple the size of its current market.
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With eight different meal options priced from $15.99 to $19.99, Amazon Meal Kits are now available at select Whole Foods locations in the San Francisco Bay Area, Southern California, Nevada and Arizona.
Read Article UNFI has sued Goldman Sachs, alleging that it engaged in improper conduct during the time that the investment bank advised the company on its $2.9 billion acquisition of Supervalu.
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Industry experts weigh in on the company’s plans to open more Whole Foods locations and what else might be in store for this year.
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A recent job posting by Amazon, which was quickly taken down, indicates that the company is looking to get into the fresh meal delivery business.
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Despite the fact that Amazon leads online grocery sales, its supermarket competitors that offer e-commerce options are experiencing much bigger average ticket sizes and seeing more frequent trips to their stores.
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A new report from Brick Meets Click shows how Amazon is dominating the online grocery market, yet only 11% of Amazon shoppers bought any groceries from Amazon in the past month. This means that the 30% number could go much higher.
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