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Supermarket Management Inc company history timeline

1974

1974, Troy, Ohio, USA: the invention of the barcode and its scanner were first introduced in a Marsh supermarket.

1980

1980, Austin, Texas, USA: Whole Foods [source: wholefoodsmarket.com] opened as a revolutionary supermarket – the first organic supermarket – born from the merging of three hippy grocery stores.

1982

1982, Canada: Bulk Barn [source: Wikipedia] was founded as a modern (re)introduction of bulk shopping, which involves the scooping of loose products from bins and sacks.

1995

Internet auctions, first introduced in 1995, have transformed the way many goods are sold.

2006

Notably, Booking was able to grow its top line at a near 24% CAGR since 2006—a span of twelve years.

2007

2007: With the spread of the zero-waste lifestyle, the concept of a packaging-free shop, as an alternative to the supermarket, started to develop.

2014

Unverpackt Kiel opened in February of 2014 as Germany’s first packaging-free shop.

2014, Germany: zero-waste grocery shopping blew up in the popular media when Original Unverpackt (Berlin) [source: original-unverpackt.de] launched its succesful crowdfunding campaign.

2015

Why run a break-even business? That’s a pain in the butt.” Grubhub was all-in on this plan in 2015 with the acquisition of three regional delivery services (RDS), commencing its own investment plan and the hire of Stan Chia from Amazon to run operations and logistics for delivery.

The Q4 2015 P/S dip below 5x coincided with skepticism surrounding the initial launch of the delivery business.

2016

2016, February 24th, Canada: Bulk Barn expanded its “Reusable Container Program” [source: bulkbarn.ca – Project Waste Free] to all of its stores (200+) across the country.

2016, December: Amazon opened the first test version of Amazon Go, [source: Amazon.com] an automatic check-out supermarket.

2017

2017, March: Wheelys [source: Wheelyscafe.com] launched the prototype of their no-check-out, no-personnel, autonomously driving supermarket, both in Shanghai and Sweden.

Just Walk Out won’t be retrofitted into existing Whole Foods stores, which were acquired by Amazon in 2017.

2018

Enthusiasm gave way to doubt in the fourth quarter of 2018 when the rollout of the new delivery markets was slower than hoped and with a series of large funding transactions for Doordash on the heels of its reemergence from near demise.

In 2018, Kroger announced that its Microsoft Azure-backed Kroger Edge technology would be rolled out across 200 of its stores.

2018 also saw Amazon Go open its doors to the public after a lengthy beta run restricted to Amazon employees. "Go" stores use hundreds of cameras and sensors along with a mandatory app on consumer smartphones to track and charge the items that people walk out with.

2019

While our portfolio had a great start to 2019, Grubhub also happens to have been our worst stock in the first quarter.

With this stock trading at 4.40x consensus 2019 sales estimates, the market is implying that growth will slow and future margins will be well below the “economic parity” margins the company generated just one year ago.

At today’s market cap of around $6b and expected GFS of around $6.4 billion in 2019, the stock is trading below a 1:1 ratio.

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Founded
1971
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Headquarters
Buffalo, NY
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