Albertsons on Monday submitted a binding bid letter and form of Asset Purchase Agreement to Haggen for the purchase of 29 of Haggen's core stores, confirming reports that Alebertsons would seek to acquire the remaining Haggen core. This is a step in the process to obtain bankruptcy court approval, following Haggen's Chapter 11 filing on September 8, 2015, which is required for consummation of the purchase.
Reducing expenses and increasing prices are two ways for a company to make money, and Instacart is reportedly doing both.
According to the San Francisco Business Times, Instacart is reducing how much drivers get paid for each delivery, as well as the commission paid on each item. In the San Francisco market, the pay per delivery will be reduced 63% to $1.50 from $4.00, while commission per item will be cut 50% to 25 cents from 50 cents.
