Inflation Slows Ultrafast Grocers’ Ambitions

While the vast majority of businesses’ pre-pandemic offerings returned a while back, there have been certain holdouts that continued to seem too risky even with most legislative restrictions peeled back. Grocery chain Trader Joe’s, for instance, which has 530 locations across the United States, held...

It appears that the ultrafast grocery boom was short-lived. There have always been skeptics, but last year, it seemed to many that 10- and 15-minute grocery delivery services were the model of the future, and that quick commerce would continue to grow with no end...

As ultrafast grocers’ challenges continue, leading players around the world are beginning rounds of major layoffs. Turkey-based ultrafast grocer Getir, for one, is planning to lay off 14% of the staff at its global headquarters, according to a company memo published by TechCrunch on Wednesday...

Grocery delivery firm Buyk is planning to cease operations in Chicago and New York City after filing for Chapter 11 bankruptcy. Plus, Deliveroo continues to build out its ghost kitchen network, and FedEx discusses its future during its Q3 earnings call. Data $20: Average per-order...