Posts tagged "Walmart"

A2 Milk lifts China infant formula market share to 5.6 pct

[17 October/NZ Herald] The a2 Milk Company has increased its share of the Chinese infant formula market to 5.6 percent over the past year. It said revenue for the first three months of its financial year were consistent with company expectations, and reflected continued strong growth in infant formula and milk products. Retail store distribution...

Proposed pickup-only store continues Walmart’s omnichannel push

[28 September/Food Dive] Walmart submitted plans to open a grocery pickup-only store in Chicago at the site of a former supermarket. It would be called Walmart Pickup. It would be Walmart’s largest pickup-only site. The plan included 41,700 square feet of inventory space, and would have signs to direct customers through the lot to a...

Milk & Eggs Raises USD6m Seed Funding for ‘Made-To-Order’ Online Farmers Market

[19 September/AgFunder News] Los Angeles based Milk & Eggs raised USD6 million in a seed round. The company operates an online perishable food market and delivery service that connects farmers and artisanal food makers with consumers. The funding was led by Morningside Venture Capital. Milk & Eggs CEO, Kent Wu, said it would allow them...

Rethink Water raises $6.7M for kid-sized boxes

[25 July/Food Dive] Boxed water company, Rethink Brands, received a USD6.7 million investment for growth and expansion. The funding round was led by AccelFoods. It would be used to increase distribution throughout the U.S. and fund new product launches. The flavoured water contains zero calories, sodium and sugar. It can be found in more than...

Walmart reportedly beats Amazon to Flipkart with USD15B bid

[4 May/Food Dive] Walmart appears to have succeeded in what was reportedly a pitched battle with Amazon to acquire Flipkart, the Indian online retailer. The board of Flipkart Online Services PVT approved an agreement to sell 75 percent of the company to Walmart for USD15 billion. The proposal includes Japanese SoftBank, selling more than 20...

Soylent meal-replacement drinks to be sold at Walmart

[11 April/Food Dive] Soylent meal replacement products will be sold at Walmart stores from this month. They will stock products in Cacao, Vanilla Latte and Coffiest varieties. Soylent is currently being sold in over 2,500 7-Eleven stores, was the number one grocery product on Amazon in January and continued to grow customer numbers on its...

Alberstons to roll out Plated meal kits to hundreds of its stores by end of year

[5 April/CNBC] Alberstons planned to release its Plated meal kits to hundreds of stores this year. They acquired Plated last summer and plan to make it available through home delivery which as the reason to do the deal according to Plated Co-Founder and CEO, Josh Hix. They planned to further strengthen their partnership beyond selling...

Once-hungry investors pass on meal-kit start-ups

[6 January/The Wall Street Journal] Only a few years ago the idea of delivering packages with all the ingredients for a meal measured out was novel and saw venture capitalists invest hundreds of millions of dollars into the companies developing these businesses. However, many are now questioning the validity of meal kit delivery businesses given...

Coca-Cola embraces a digital future as consumers move online

[27 November/ Food Dive] Coca-Cola has been focused on finding more was to embrace a digital future as the number of consumers purchasing their groceries online increases. The company has been working closely with its key customers, including Walmart and Amazon, to find ways to integrate with their apps, online operations and traditional brick and...

Nestle, Unilever, Walmart and others look at Blockchain with IBM

[22 August/Food Navigator] Many leading food brand owners have joined a consortium with IBM investigating areas of the food supply chain that will benefit from blockchain technology solutions. The consortium includes Dole, Nestle, Tyson, Unilever, Walmart, Driscolls, Golden State Foods, Kroger amongst others. IBM plans to introduce a food safety tool built on IBM Blockchain...

Walmart calls for blockchain collaboration

 [29 June/ Fruit Net] Walmart urged the fresh produce sector to collaborate and build transparency into the supply chain by introducing a universal blockchain system. Walmart has been trialling a blockchain system created by IBM since October 2016 to test the benefits it can bring to the fresh produce sector. Walmart Vice President for Food...

Wal-Mart tackles food safety with trial of blockchain

 [18 November/ Bloomberg Technology] Walmart is currently using a number of produce SKU’s to test blockchain technologies, with the potential that the trial could transform how the company serves its 260 million customers a week to deliver safe food at low cost. Blockchain makes it possible for Walmart to understand the precise product that has...

Buy-ugly fruit and vege goes mainstream with Walmart

 [31 July/ Business Day: NZ Farmer] Walmart has announced that it would start selling imperfect looking apples in 300 of its Florida stores. Walmart Global Food Sourcing Senior Vice President, Shawn Baldwin said ugly produce could occur unexpectedly in any growing season or crop and the company wanted to have the systems in place to...

Walmart to pilot grocery delivery service utilizing drivers at Uber, Lyft and Deliv

[3 June/ Food Navigator] Walmart Global E-Commerce Chief Operating Officer, Michael Bender said Walmart would start testing the delivery of groceries through Uber and Lyft. Mr Bender explained that a customer could place their grocery order online and select a delivery window, after which a Walmart employee would carefully prepare the order. Mr Bender added...

Walmart pledges commitment to cage free eggs by 2025

[6 April/ NZ Herald] Walmart has pledged to only sell cage-free eggs by 2025, following similar announcements by McDonalds and Target. Walmart would require egg suppliers to be certified and fully compliant with the United Egg Producers Animal Husbandry Guidelines or an equivalent standard. Walmart accounted for 25 percent of total grocery sales in the...

Walmart to build milk processing plant in Indiana

[18 March/ Dairy Reporter] Walmart has announced it will establish a milk processing plant in Indiana, creating 200 jobs ranging from milk processing to transportation. The processing plant, at more than 250,000 square feet, will be one of the largest in the industry. Walmart United States Sourcing Strategy Senior Vice President, Tony Airoso said that...