Skip to main content

News Briefs

  • 10/17/2024

    Instacart taps Uber exec as new CTO

    Anirban Kundu

    A delivery services veteran is assuming the role of CTO at Instacart.

    Instacart has named Anirban Kundu as CTO. He comes to the grocery technology company from Uber, where he was VP and head of engineering for Uber Delivery. At Uber, Anirban was in charge of business-to-business and business-to-consumer solutions, including the Uber Eats hosted online delivery platform and the company’s ad solutions.

    At Instacart, Kundu will lead the company’s technical team. Instacart has been increasingly focusing on developing solutions such as its Foodstorm order management system.

    [READ MORE:Instacart upgrades FoodStorm order management platform]

    "His deep understanding of multi-sided marketplaces like ours and proven track record of building scaled technical systems that can support long-term growth make him the perfect person to drive our technical vision forward," Instacart said in a corporate blog post. "We’re looking forward to having Anirban’s expertise and leadership to help us realize our long-term vision of building the technologies that will power every grocery transaction."

    Kundu previously joined Uber from Postmates, where he was responsible for product and engineering. Prior to Postmates, Anirban was CTO at note-taking/task management software provider Evernote and before that led engineering teams at companies including GoDaddy, Shazam, and Yahoo. 

    Based in San Francisco, Instacart has more than 1,500 retail partners on its platform and is available to over 98% of households in the United States and Canada.

  • 10/17/2024

    Local artist pop-up store coming to Mall of America

    Mall of America

    Minnesota artist Adam Turman is opening his first-ever retail space at North America’s largest mall.

    Open Nov. 1 through Dec. 30, the nearly 2,000-sq.-ft. space at Mall of America will feature dozens of new Adam Turman art and merchandise designs. Guests will be able to take home Adam Turman artwork in the form of original paintings and custom prints, new apparel, kitchenware, home décor, and more

    "Adam Turman has been a long-time friend of the mall and we are very excited to feature his pop-up location,” said Adina Cohen, specialty leasing manager at Mall of America. “Guests have been able to enjoy Adam's art throughout Mall of America for years, as he has been a vibrant part of our history. We can’t wait for our visitors to experience and shop his creative work in a whole new way."

    Additionally, Turman will be meeting with fans and signing artwork every Saturday from Nov. 30 through Dec. 21 from 11 a.m. – 1 p.m.

    “Opening my first ever retail store at Mall of America is a dream come true,” said Turman, who started his professional studio career in 2003. “Throughout the past decade, this iconic venue has held a special place in my journey as an artist through various projects including a mural, screen prints, and more. I can’t wait to share more of my art with a wider audience and connect with both my amazing fans and visitors from around the world.”

    [READ MORE: Mall of America, Rent the Runway to host fall/winter pop-up]

    At 5.6 million sq. ft., Mall of America, located in Bloomington, Minn., is the largest shopping and entertainment complex in North America with up to 520 world-class retail stores and restaurants, and several entertainment attractions.

  • 10/17/2024

    eBay bolsters investment in sustainable fashion

    eBay Circular Fashion Fund

    eBay Ventures, the online marketplace giant’s venture capital arm, is expanding its investment in circular fashion start-ups.

    eBay Ventures’ Circular Fashion Fund aims to help fashion start-ups scale circular solutions, from production to end-of-life, including rental and repair services. New for the 2025 cohort, eBay will reward one “Circular Fashion Innovator of the Year” with an extra investment of $300,000.

    eBay is set to deliver a total investment of $1.2 million by the end of 2025 through the program, in addition to over 200 hours of mentoring and networking support for applicants from industry experts. 

    Since it launched in the U.K. in 2022, the fund has helped 15 businesses scale their circular solutions, including The Seam, which allows businesses to offer garment care & repair services at scale to extend the life of clothes, and RCYCL, creators of the innovative at-home fashion recycling program for unwearable clothing. Now in its third year in the U.K., the Circular Fashion Fund is set to launch in the United States and Germany for the first time having successfully expanded to Australia last year.

    [READ MORE: Guess launches online clothing recycling program]

    "The Circular Fashion Fund is a catalyst for collaboration by combining the global scale and power of established companies like eBay with the creativity and innovation of nimble start-ups,” said Kirsty Keoghan, global general manager of fashion at eBay. “We’re not only helping to scale circular solutions but also bringing together the most knowledgeable and respected experts in the industry. Together, we’re making a positive impact on the circular economy and truly reshaping the future of fashion.”

  • 10/16/2024

    Walmart offers business customers access to financial solutions

    Walmart

    Walmart is partnering with a business management platform to help small-to-medium-sized businesses and non-profits streamline daily tasks.

    Walmart Business, which was introduced in January 2023 and offers a broad assortment of more than 100,000 items with categorization and navigation tailored to organizational shoppers, is teaming up with Clover, a business management platform for small-to-medium-sized businesses (SMBs) from Fiserv, a global provider of payments and financial services technology solutions

    Clover business management solutions are designed to help SMBs streamline daily tasks, including sales reporting and cash flow management. The platform delivers fully integrated solutions built to meet the specific needs of industries including retailers and restaurants, and allows customers to pay via debit or credit card or mobile payment apps.

    "We continue to expand how we serve organizational customers by listening to and learning from businesses and nonprofits about their unique needs and how we can best meet those needs," said Ashley Hubka, senior VP and GM of Walmart Business. "Offering Clover solutions is a testament to our goal of providing customers with the products, tools and services they want and need to effectively streamline their operations."

    [READ MOREEXCLUSIVE: How Walmart Business serves commercial, nonprofit customers]

    Walmart also recently rolled out Walmart Business Print, which enables organizational customers to design and place an order and then choose items with no-to-low minimum quantities to be shipped directly to them or picked up in-store. 

    "Fiserv shares Walmart’s commitment to working closely with small business owners to enable their success," said Kevin Race, senior VP and GM of direct and strategic partnerships at Fiserv. "This broadens our unparalleled distribution network and will provide more small business owners with access to Clover technology that can help them adapt and grow."

  • 10/16/2024

    Dollar General offers holiday deals with focus on toys

    Dollar General holiday toys

    Dollar General is not playing games when it comes to holiday toy discounts.

    The discount retailer has already begun its holiday sales promotional season with a "stacked savings" offer of a weekly $5 off $25, as well as additional digital coupons, loyalty cash back and other special incentives on its consumer app.

    And from Halloween to Christmas, Dollar General will run “DG Deal Days,” with weekly promotions including buy one, get one 75% off and save 25% when you spend $75.

    Holiday toy guide

    Dollar General is offering nearly every toy under $20 and most for $10 or less during the holiday season. On Friday, Nov. 1, the retailer will debut its first printed holiday toy guide after launching the digitally immersive version earlier in October, offering customers a more enhanced online experience with video and shoppable links and options to ship to home. 

    "Our holiday toy guide is a great opportunity for families to connect, make a list and circle a few extra things they have their eyes on," said Natalie McConnell, VP, division merchandise manager, Dollar General. "Our customers pre-plan their shopping trips and having a guide in hand helps ensure their child receives something they really want. We’re excited to offer incredible values on brands kids hope to unwrap this holiday season."

    The retailer plans to also launch a digital holiday guide featuring beauty and personal care, pet, electronics, home and apparel gifts. 

    [READ MORE: Dollar General launches omnichannel back-to-school promotion

  • 10/16/2024

    Tropical Supermarket opens new location in New Jersey

    clinton corners - LMC

    Tropical Supermarket, a New Jersey-based grocer that sells Hispanic and Mexican foods, has continued to expand its presence in the state with the opening of a 15,800-sq.-ft. store in South Plainfield at the Clinton Corners center.

    Tropical Supermarket’s other locations in New Jersey include stores in Perth Amboy, New Brunswick, Union City, and Franklin Township.

    Levin Management Corporation (LMC), which handles leasing for the center, also reported that the Blue Habanero Mexican restaurant chain had just signed a lease to join the tenant list at Clinton Corners.

    Hispanic residents make up 18% of the population of South Plainfield, which borders Piscataway and Edison on the I-295 corridor. Its median household income is $123,000.

    “Grocery is a significant element for any shopping center, and Tropical Supermarket is a perfect match both for this neighborhood and Clinton Corners,” said LMC’s leasing representative for the property,Vanessa Kelty. “And with the continued impressive performance of fast-casual dining, we are excited to bring a Blue Habanero to the property.” 

    LMC’s retail-focused leasing and management portfolio includes 125 properties totaling more than 16 million sq. ft.  in the Northeast and Mid-Atlantic states. 

  • Show MoreShow More
X
This ad will auto-close in 10 seconds