Posts tagged "Walmart"

Walmart restructures supply chain team in omnichannel push

[22 July / Grocery Dive] Walmart is making an omnichannel push by restructuring its leadership and uniting its supply chain team in order to integrate both digital and store operations due to consumer demand for a seamless experience. Greg Smith, Walmart’s Executive Vice President of supply chain, will lead the team. Smith will report jointly...

Walmart is investing $1.2 billion in China

(4 July/CNN Business) Walmart is planning to spend $1.2 billion on distribution centres in China over the next two decades as it faces growing competition from local rivals and online retailers. The company has already invested $102 million in a distribution centre for perishable products in the south of China. Walmart has also partnered with...

Walmart now accepts SNAP for online grocery orders at all 2,500+ pickup locations

[26 June/Tech Crunch] Walmart has been working to address the needs of low-income shoppers for some time. Recently, it has been introducing new ways to serve customers on public assistance. In autumn 2017, the retailer began a small test allowing customers to pay for online grocery orders using their SNAP (Supplemental Nutrition Assistance Program) benefits...

Walmart sues poultry companies for price fixing

[30 May/Grocery Dive] Walmart has filed an antitrust lawsuit in Arkansas federal court against Pilgrim’s Pride, Koch Foods and 28 other poultry producing companies alleging that they conspired to increase prices for broiler chickens beginning in 2008. The complaint details two ways that the companies engaged in price fixing including reducing the supply of chickens...

Walmart’s Jet expanding range of same-day fresh seafood deliveries

[18 February/Seafood Source] Jet, a Walmart subsidiary, has announced it has launched a new initiative to customers in New York City, providing same-day delivery of fresh seafood to customers. This will be done by partnering with FultonFishMarket.com and the company said it will eventually look to expanding across the U.S if this trial goes well....

Food & Ag Was Noticeably Absent from CES, But the Leaders Know It’s Coming

[17 January/AgFunder] Two high profile food innovations grabbed attention at the Consumer Electronics Show (CES) in Las Vegas – IBM’s blockchain initiative with Walmart and Impossible Foods’ meat-free burger (the new Impossible 2.0 Burger was named by tech publisher Digital Trends as the Top Tech of CES) however other food technology was notably absent. The...

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...