January 17, 2022 | GroceryGeniuses Blog

Foxtrot raises $100 million in new Series C funding and plans to expand its presence to 50 new locations

GroceryGeniuses January 17, 2022

Chicago-based Foxtrot convenience store chain has just raised $100 million in new Series C funding and intends to reimagine its business model. The digital store is expanding its brick-and-mortar stores to 50 new locations by the next two years. The convenience store operator is hunting the best local foods from artisans to add to its core offerings of coffee, ready-to-eat cafe meals and wine. Foxtrot’s offerings include five-minute pickup, rapid and on-demand delivery. It will also roll out Foxtrot Anywhere nationwide shipping tool. To read more, visit TechCrunch

Chilled and Deli Food Market in the US is expected to hit USD 108.18 billion by 2026

GroceryGeniuses January 17, 2022

The Chilled and Deli Food Market in the US is expected to grow at a CAGR of 22.35%, reaching USD 108.18 billion by 2026, as per Research and Markets report. The report takes five major currencies; USD, EUR GBP, JPY, and AUD. The research categorised the Deli Market after analysing the revenues from the following sub-markets: The research firm studied categories like Meat, Pies and Savory Appetizers, Pre-packaged Products, Prepared Salads, and Sauces based on Type. Convenience Stores, Online Stores, and supermarkets/Hypermarkets were studied based on Distribution centres. Food Service Industry and Retail Customers were studied based on End User. The market was studied across California, Florida, Illinois, New York, Ohio and Pennsylvania, based on State. To read more, visit GlobeNewsWire

Walmart collaborates with Sifter Corp. to launch the “Shop-by-Diet” feature in-stores and online

GroceryGeniuses January 17, 2022

Walmart has teamed up with Sifter to roll out its “Shop-by-Diet” feature in-stores and online. This tool will help consumers achieve their health and wellness goals during their grocery run. Customers allergic to specific ingredients can search for products without the allergens by navigating the app. More than 200 million consumers follow a special diet to achieve health and fitness objectives, and 85 million consumers have food allergies. Shoppers can also find products that go well with health conditions, such as diabetes, blood pressure and heart-related diseases. To read more, visit GlobeNewsWire

Largest U.S. retailer-owned co-op Wakefern partners with Trigo to pilot an AI-powered store

GroceryGeniuses January 17, 2022

Wakefern, the largest retailer-owned cooperative in the U.S., has collaborated with Israel-based Tech firm Trigo. The partners will work together to pilot an AI-powered frictionless tech store. This venture marks the first project of Tel Aviv-based firm Trigo. While preserving Wakefern’s authenticity and layout, Trigo will deploy GDPR-compliant technology at various stores to offer a seamless shopping experience. Shoppers will scan a QR code to enter and pay for the products in the checkout-free store. The store will be launched in New Jersey later this year. To read more, visit ProgressiveGrocer