Executives cite strong customer response to Amazon Fresh supermarkets
Physical store sales at Amazon fell by double digits in the fiscal 2021 first quarter, even as the retail giant saw overall net sales jump more than 40% and adjusted earnings per share come in 65% higher than Wall Street’s forecast.
For the quarter ended March 31, net sales again topped the $100 billion mark, totaling $108.52 billion, up 43.8% from $75.45 billion a year earlier, Seattle-based Amazon reported after yesterday’s market close. Excluding the $2.1 billion favorable impact from foreign exchange rate changes, sales grew 41% year over year, the company said.
Online sales surged 44% to $52.9 billion in the first quarter from $36.65 billion a year ago and were up 41% excluding foreign exchange. Sequentially, online sales were down 20.4% from the fourth quarter, which included the holiday sales period.
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Whole Foods Workers Appeal Loss In BLM Mask Ban Case
Law360 (March 4, 2021, 11:39 AM EST) Whole Foods Markets Inc. workers will ask the First Circuit to review a lower decision tossing nearly all their discrimination claims over the grocer s disciplining of employees who wore Black Lives Matter face masks to work, according to a notice filed this week.
The appeal, filed Tuesday, will seek to overturn a Feb. 5 ruling by U.S. District Judge Allison D. Burroughs that said parent company Amazon.com Inc. and Whole Foods sending home, docking pay from and terminating some employees who wore masks supporting the racial justice movement didn t hit squarely on what s protected by federal workplace civil rights law.
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In March, Eat the Change Mushroom Jerky will launch in 1,000 retailers across the country. Founded by Seth Goldman, co-founder of Honest Tea and chairman of the board for vegan brand Beyond Meat, and Chef Spike Mendelsohn, renowned restaurateur behind the PLNT Burger chain and plant-based food advocate, Eat the Change aims to educate consumers that there are more planet-friendly ways to eat. The company’s first product, mushroom jerky, is available in five flavors: Sea Salt + Cracked Pepper, Hickory Smokehouse, Maple Mustard, Habanero BBQ and Teriyaki Ginger. As of March 1, the vegan jerky will be available at 308 Stop & Shop stores in the Northeast, 157 Fresh Market locations in the Southeast/Mid-Atlantic, 71 Giant stores and 49 Whole Foods Markets in the Mid-Atlantic region, and 250 independent retailers across the country, among others. Prices start at $5.99 for a 2-ounce bag.