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Cosi Group, a Berlin-based startup offering an alternative to boutique hotels and managed short-stay apartments, is disclosing €20 million in new investment. Backing the round is Vienna-based Soravia, a leading real estate group in German-speaking countries. Existing investors Cherry Ventures, e.ventures, Kreos Capital and Bremke followed on, along with a number of individual investors. They […]
Publix tallied big sales and earnings gains
Walmart sweetens pay for most U.S. hourly workers on the coasts
Many Walmart Inc hourly workers will collect bigger paychecks on the U.S. east and west coast markets where the cost of living is higher and competition for labor among retailers is more intense, the company told Reuters. The world’s biggest retailer also said it has seen a slight increase in job applications for digital and stocking roles, mostly internally. “(This) tells us that we’re becoming more competitive for this type of work”, said Drew Holler, Walmart’s head of people operations.
Mercadona has shared profits with its entire workforce
Online shopping, private brands boost Israel s Shufersal profit
Shufersal, Israel’s largest supermarket chain, reported a 2.6% rise in quarterly profit, boosted by a jump in revenue from higher online sales mainly due to the coronavirus pandemic that kept many shoppers home. Shufersal said it earned 120mln shekels ($36.5mln) in the fourth quarter, compared with 117mln a year earlier. It noted net profit grew 87% year-over-year excluding one-time items.
Australia: The Friendly Grocer beats rivals in supermarket satisfaction poll
The Friendly Grocer has surpassed its rivals to be ranked as the best-rated supermarket in the Finder Retail Awards. In the best-rated supermarket category, The Friendly Grocer won 4 subcategories out of 6 - best overall, customer service, produce quality and most recommended. The supermarket chain came out on top with a 100% recommendation score. Costco came out the second-best rated supermarket in
Flink, the Berlin-based grocery delivery startup that operates its own ‘dark stores’, raises $52M
The on-demand grocery delivery industry in Europe (and beyond) continues to heat up amidst the pandemic, including a plethora of startups taking a vertical approach by operating their own delivery only or “dark” stores. The latest to show its hand is Berlin-based Flink, which today is announcing that it has raised a hefty $52 million in seed financing.
The round is led by Target Global and existing investors Northzone, Cherry Ventures and Silicon Valley-based debt provider TriplePoint Capital. Cristina Stenbeck from Kinnevik also joins the round in a personal capacity.