by Walther Ploos van Amstel
Turkish quick commerce startup Getir is leaving Germany, the Netherlands, and the UK. Getir will concentrate exclusively on its domestic market, signaling a significant turning point for the business that once dominated the European speedy grocery sector — an industry swiftly transitioning from VC fascination to ridicule within a few brief years. With only a …
Getir lost almost $600 mln in 2021 on a European revenue of $466 mln in 2021. Nevertheless, Getir has enough cash on hand to last for a while. At the end of 2021, the company had $547 mln in cash on its balance sheet, and in March 2022, it raised another $768 mln in fresh …
Amsterdam bans the quick commerce dark stores of Getir, Flink, Zapp, and Gorillas to industrial parks. The dark stores are no longer welcome in residential areas or mixed residential-working areas with shopping, bars, and restaurants. A specific combination of concerns makes the establishment of dark stores in residential areas and mixed zones impossible, says the …
The media and marketing industry is awash with stories about the sudden emergence of flash delivery services. This new concept is very much the talk of the town and a source of unrest in certain circles. Not only do they represent new competition for the supermarkets: platforms like Just Eat Takeaway, bol.com, and Amazon are …
Supermarkets are essential for our local shopping streets. They provide traffic. The supermarket customer also buys from the specialty stores in the street. With the loss of local ‘brick-and-mortar’ sales, first online food and non-food sales, but now also by quick commerce companies like Gorillas and Getir, supermarkets and later the other stores will not …