Pandemic brought grocers higher sales and net profits
September 17, 2021
FMI’s “The Food Retailing Industry Speaks 2021” report found that the average grocery retailer posted a 15.8 percent increase in same-store sales in 2020 but also found cost increases tied to the pandemic. Net profit grew to an average of three percent, up from one percent in 2019.
Recent News
Tesla Employee Sleeps in Car, Loses Job Amidst Layoffs
Tesla, the Texas-based automaker, recently conducted layoffs affecting at least 10% of its staff. Among them was Nico Murillo, a production supervisor at the Freemont facility, who shared his layoff experience on LinkedIn.
Emergency Slide That Fell Off Delta Plane During Flight Found
The emergency slide was found 10 miles from JFK Airport.
Krispy Kreme Debuts New Rewards Program
Krispy Kreme is introducing a new program that piggybacks on its existing Krispy Kreme Rewards.
WeWork’s Bankruptcy Exit Plan Revealed
WeWork is charting a new course to exit bankruptcy, but without its former CEO Adam Neumann in the driver’s seat.