Coles has launched a new click and collect service to save customers time
Click&Collect Rapid will have groceries ready 90 minutes after ordering
But the quick service is only available for a certain amount of time each day
Shoppers can pick up their order between 2:30pm and 5pm each day
The new service is only available across more than 400 supermarkets nationally
ICA has launched a new health strategy
Food retail landscape is changing for good, says Britain s Ocado
British online grocer and technology group Ocado said the landscape for food retailing was changing for good as it reported a 69% jump in annual core earnings that were boosted by the COVID-19 pandemic generating huge demand for home delivery. The increase reflected revenue growth of 35% at Ocado Retail, a joint venture between Ocado and Marks & Spencer, which offset a negative contribution from Ocado’s overseas technology arm due to additional costs associated with faster growth and accounting rules. Ocado’s earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 73.1mln pounds ($101mln) in the year to November 29 2020 from 43.3mln in 2018-19. Group revenue increased 32.7% to 2.33bln pounds, with Ocado Retail contributing 2.19bln pounds.
DoorDash has acquired Chowbotics
US: United Supermarkets CEO to Retire
United Supermarkets LLC CEO Robert Taylor has revealed he will retire on March 1, and that Sidney Hopper, currently president of Lubbock, Texas-based United, will succeed him. Taylor will remain in an advisory role for the company as EVP - senior advisor.
US: GrubMarket raised $90mln in 2020 to accelerate nationwide expansion
GrubMarket announced it completed $90mln of financing in an oversubscribed Series D round in 2020, from funds and accounts managed by BlackRock, ACE & Company, Celtic House Venture Partners, Sixty Degree Capital, The Strand Partners, Reimagined Ventures, Trinity Capital Investment, Madison Bay Capital Partners, Marubeni Ventures, GGV and others.