Timothy Inklebarger

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Timothy Inklebarger

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Technology

Instacart reports Q3 revenues up 14% in 1st earnings call

Orders were up 4% year over year to 66.2 million, helping to drive the newly public grocery delivery company's gross transaction volume (GTV) of $7.49 billion, an increase of 6% from Q3 2022. 

Retailers

Mike Reed named CFO of Stater Bros. Markets

Reed joined Stater Bros. in 2014 as senior director in the grocer’s Real Estate and Property Management Department.

The FoodStorm tech will now power Sprouts’ Turkey Tracker system, streamlining holiday inventory and prepared foods orders.

Uber has launched an AI-powered assistant to help customers find grocery sales, develop meal plans and quickly order ingredients on a budget and will start accepting SNAP next year.

The delivery company released its plans for Instacart Health Wallet, which aims to make it easier for customers to cover the cost of HSA-, FSA- and SNAP-eligible items on its platform.

Meanwhile, Amazon is promoting this month's big Black Friday and Cyber Monday sales.

The store’s opening follows the debut of Nourish + Bloom Market, an autonomous store that launched in Fayetteville, Georgia, in 2022.

Nearly four out of five shoppers plan to celebrate Thanksgiving with their usual traditions, even though more than a third expect to pay more, according to new Circana research.

The dunnhumby survey of 10,012 U.S. shoppers found that only 8% of those over the age of 55 trust the burgeoning technology.

Shoppers at the IGA retailer will also be able to use their Geissler’s loyalty accounts with the smart-cart technology, which will enable them access personalized promotions and in-store deals while they make their way through the store.

The company announced a 24% jump in orders in Q3 to 543 million compared to the same period last year, boosting revenue 27% year over year to $2.2 billion.

The regional grocer is piloting a new partnership with mobile app company Upside at select locations in Evansville, Indiana.

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