Instacart has received $600 million in additional capital investment from hedge fund D1 Capital Partners, targeted by management to help further the company's North American expansion. This latest investment brings the online grocery delivery company's value to $7.6 billion.
Walmart is positioned well to thrive in the quickly shifting retail landscape, according to company leaders at its annual meeting with investors Tuesday. "We continue to operate with discipline, we're strengthening our cost culture and we're leveraging technology, data and analytics in new ways to be more productive," said Chief Financial Officer Brett Biggs.
In-N-Out Burger has stayed true to its minimalist menu, gradual pace of expansion and family-run corporate structure, with the founders' granddaughter as president and every store owned by the company. That in-house mentality extends to each location, as the average In-N-Out manager has more than 15 years' experience, a six-figure salary and part of the profits.
Shake Shack is entering Mexico City next year and plans to have 30 locations in Mexico by 2028. The chain is working with Mexican hospitality group Grupo Toks to grow in the country, and also plans to expand to mainland China with a Shanghai location next year.
Albertsons has launched its Marketplace e-commerce site, designed to draw attention to the company's specialty, natural and organic products. The grocer is working with global solutions provider Mirakl to glean user data from the site, which will help highlight national and local food trends.
Unilever has a new premium light ice cream brand called Culture Republick that contains probiotics and 16-18 grams of protein in every 400-500 calorie pint. Ten percent of profits from the seven-variety line will go toward supporting the arts in US communities.
Red Bull and Hint are among the beverage companies that debuted new varieties at this year's National Association of Convenience Stores show. Red Bull is rolling out coconut, kiwi, blueberry and tropical flavors in 8.4-ounce cans, while Hint is introducing lemon and mango flavors for its still water line.
Coca-Cola's Fairlife brand is rolling out a line of Smart Snacks nutrition shakes, which contain milk, oats and honey. The Rich Chocolate, Creamy Strawberry and French Vanilla flavored drinks are positioned as a way to stave off hunger between meals.
Honest Tea co-founder Seth Goldman and La Colombe co-founder Todd Carmichael shared stories for National Boss's Day about the bosses who inspired them to succeed. "He showed me that the way up is the hard way," says Carmichael of the fruit farmer who galvanized his endurance at age 14.
- Page 1