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Grocers announce summer deals in bid to lure shoppers to stores


Dive Brief:
Grocers are taking steps to entice customers to visit their stores as authorities lift pandemic-related restrictions aimed at keeping people from spending time in public places.
Discount chain Save A Lot has announced a 99 Days of Summer promotional campaign that includes digital coupons intended to be redeemed at its brick-and-mortar locations and weekend sales on items like meats cut fresh in-store, while Schnuck Markets is highlighting products such as bratwurst and tortilla chips made in its stores as part of the Midwestern retailer s So St. Louis marketing program.
​Retailers are looking to increase foot traffic in their stores as figures from the federal government show that about half of the total U.S. population has received at least one dose of a COVID-19 vaccine. ....

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Misfits Market brings in $200M as its valuation passes $1B


Dive Brief:
Misfits Market has raised $200 million in Series C funding, bringing the total amount of money the direct-to-consumer grocer has raised to $301.5 million and pushing its valuation beyond $1 billion, the company announced on Wednesday.
The company plans to use the funding to complete its West Coast expansion and continue augmenting the array of fresh produce, proteins and pantry items it sells, according to Abhi Ramesh, founder and CEO of Misfits.
Misfits Market is riding a wave of growth driven by the shocks to the nation s food distribution system brought on by the pandemic.
Dive Insight:
Misfits is drawing heightened attention from investors as it fine-tunes its business model to take advantage of growing interest in direct-to-consumer food retailers. ....

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