May 17, 2024
Home grocery
Investors

Walmart Investors Expect Stiffer Competition in Grocery Sector

  • April 24, 2024

Investors reportedly expect increased competition in the grocery sector after Amazon’s announcement Tuesday (April 23) of a new grocery delivery subscription benefit. Walmart and Kroger shares declined 1.8% and 2.3%, respectively, Tuesday, in moves that UBS analyst Michael Lasser said showed that investors interpret Amazon’s announcement as a sign of greater competition, Seeking Alpha reported Wednesday (April 24). The new Amazon program offers a delivery

Read More
Investors

Flink Raising Money from Investors, Discussing Merger

  • April 17, 2024

German grocery delivery startup Flink is reportedly receiving another 100 million euros ($106.7 million) from investors to extend its runway and try to outlast its competitors. The startup is also in discussions with rival food delivery companies about a potential merger, Bloomberg reported Wednesday (April 17), citing unnamed sources. Flink did not immediately reply to PYMNTS’ request

Read More