Monday, December 31st, 2018

Whole Foods Reportedly Plans to Open More Stores

According to the Wall Street Journal, Amazon is reportedly looking to expand its Whole Foods stores in the United States.

Sources familiar with the matter reportedly state that Whole Foods, which was acquired by Amazon for nearly $14 billion in 2017, is looking to specifically expand into suburbs to reach more customers and increase the range of its two-hour e-commerce delivery service.

Kroger Announces a Succession Plan for its CFO
Press Release

The grocery retail chain announced that J. Michael Schlotman, the company’s Chief Financial Officer, will retire in April 2019.

Gary Millerchip, CEO of Kroger Personal Finance, will be his successor. According to a company press release, he has played “an essential role in driving strategy and partnerships that have contributed to Kroger’s emergence from traditional grocer to growth company.”

His role will be effective April 4th, 2019.

Bounce Lands New Funding

Bounce, a startup that lets users leave and retrieve items such as pieces of luggage and golf bags in select cities across the United States, raises $1.2 million in seed funding.

Users of the platform will be able to store their items at short-term storage locations such as hotels, dry cleaners, and other businesses.

The service is currently available in San Francisco, Chicago, Washington DC, New York, and Los Angeles.