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‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. With warehouses in New Jersey, Dallas, Las Vegas and Atlanta, Boxed offers bulk-sized products similar to those found at big warehouse retailers like Costco Wholesale.

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Boxed And Costco Have Their Roots In A 1970s New Jersey A&P Store

PYMNTS

In the 1970s, the venerable The Great Atlantic & Pacific Tea Company (A&P) was losing market share. To try to increase its market share, A&P came up with a novel way to sell groceries: It decided to sell its most popular items in their original wholesale bulk packaging — for a much cheaper price.

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Amazon Tracker: Busy Week

PYMNTS

The market cap sat at just over $407.5 First up, Amazon continues to grow its presence in the Indian market. Currently, Amazon hopes to take advantage of recently loosened restrictions on foreign retailers in India by expanding its online grocery venture into the nation of some 1.3 The 18-to-34-year-old demographic purchased 16.6

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Grocery Round-Up: Digital-First Delivers For Kroger, Another Instacart Pair-Up And Hoarding Round 2

PYMNTS

As a result of our continued strong performance, market share growth and the expectation of sustained trends in food-at-home consumption for the remainder of our fiscal year, we are raising our full-year 2020 guidance,” said Kroger’s Chief Financial Officer Gary Millerchip. billion since March.”. "As 3) press release.

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How Pet Plate Humanizes Custom Meals For Dogs

PYMNTS

and has three distribution centers, in New Jersey, Illinois and Utah. Allen breaks the company’s target market into two buckets, starting with millennials. Allen pointed out that the direct-to-consumer (DTC) model allows for small companies that are innovating to quickly get their product to market.

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This Week In Insurance Tech: Policygenius Raises $100M, Lemonade Enters Pet Insurance, Nationwide Expands Digital Footprint

CB Insights

Majesco , a New Jersey-based core insurance technology vendor, acquired Inspro Technologies , a Pennsylvania-based core insurance technology vendor, for $12M. . Justworks , a New York-based HR and benefits platform, raised a $50M Series E led by Union Square Ventures. Startups partner to boost agent/broker speed to market.

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The eCommerce Bachelor: Which City Will Get The Rose?

PYMNTS

Jeff Bezos missed a major marketing opportunity there (as if Amazon needs it). New Jersey, for instance, is offering more than the price of Amazon’s investment in tax credits, to the tune of $7 billion, if the company puts HQ2 in Newark. How is the race to be Amazon’s second home city not a reality show? Birmingham, Alabama.