Chefs' Warehouse Inc
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Consumer Staples : Food & Staples Retailing | Small Cap Blend
Company profile

The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, Country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada. Its product portfolio consists of imported and domestic specialty food products, such as artisan charcuterie, specialty cheeses, oils and vinegars, truffles, caviar, chocolate and pastry products. The Company also offers a line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk and flour.

Price
Delayed
$12.89
Day's Change
-2.68 (-17.22%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.13
Day's Low
12.82
Volume
(Heavy Day)

Today's volume of 886,792 shares is on pace to be much greater than CHEF's 10-day average volume of 541,404 shares.

886,792

Amazon looks to open 1,500 small warehouses in U.S. suburbs: report

9:16 pm ET September 16, 2020 (MarketWatch)
Print

By Lisa Fickenscher

E-commerce giant ramping up its delivery capabilities

Amazon.com Inc. aims to open as many as 1,500 small warehouses across the U.S. -- many of them in suburban locations -- as it raises the stakes in its battle against Walmart, according to report.

The Seattle-based retail giant, which was caught flat-footed during the pandemic when it couldn't keep up with demand for basic items like toilet paper and milk, is ramping up its delivery capabilities with more hubs in cities and suburbs, according to a Bloomberg report (https://www.bloomberg.com/news/videos/2020-09-16/amazon-plans-suburban-warehouses-video?sref=Oeyjq8by).

Amazon (AMZN) chief executive Jeff Bezos is investing billions in these new warehouses and in improving the company's transportation capabilities, Bloomberg said.

As demand for online goods surged in the early days of the pandemic, Amazon struggled fulfill its two-day delivery promise to Prime members. But it has since hired 175,000 workers who have gotten the company back on track.

Walmart (WMT) and Target (TGT) have also upped their game with same-day delivery via their vast network of stores, with Walmart recently launching Walmart Plus, its answer to Amazon Prime. Walmart Plus costs $21 less than Amazon's $119 yearly subscription price, but requires a $35 purchase minimum for free delivery.

While Amazon looks to pad its real estate portfolio, it's not interested in abandoned department store space, according to the report.

Struggling department stores that are closing sites, including JCPenney, are an "option of last resort" for the Seattle-based giant, according to the report, which cited anonymous sources.

In the New York metro area, Amazon bought two former Fairway Market stores in New Jersey, but it's unclear what those spaces will be used for as Amazon did not disclose that information in court filings in the Fairway bankruptcy case.

This report originally appeared on NYPost.com (https://nypost.com/2020/09/16/amazon-plans-to-open-1500-warehouses-in-us-suburbs/?mod=mktw).

-; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 16, 2020 21:16 ET (01:16 GMT)

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