Hasta La Gadget!

PayPal is laying off nine percent of its workforce, the company’s CEO Alex Chriss told staff in a letter on Tuesday that PayPal made public hours later. The decision will impact about 2,500 employees, who will find out their fate between today and the end of the week, Bloomberg reported earlier. PayPal’s layoffs come almost exactly a year after the company fired more than 2,000 workers to keep costs down. 

Despite thousands of job cuts in 2023, layoffs at tech companies have continued into 2024. On the same day as PayPal’s latest layoffs, Jack Dorsey’s Block, the company that owns Cash App, Foundational, and Square, conducted its second round of layoffs in two months, cutting nearly a thousand people. Earlier this month, Google laid off more than a thousand workers in its Assisstant and hardware divisions, with CEO Sundar Pichai warning employees to brace for more cuts through the year. Discord, eBay, Riot Games, TikTok, Microsoft, iRobot, Amazon, Unity, and Duolingo, among others, have collectively cut thousands of jobs in January

PayPal was one of the earliest companies in online payments industry, but in recent years, rivals like Zelle and tech companies with deep pockets like Apple, have entered the space. The competition in the payments industry is putting pressure on PayPal. Bloomberg noted that four analysts have downgraded the company’s stock this month. The company will “continue to invest in areas of the business we believe will create and accelerate growth,” Chriss said in the letter. 

PayPal’s layoffs are happening despite the company’s strong growth throughout 2023. The company’s revenue as of September 2023 was $7.42 billion, an increase of more than eight percent compared to its revenue a year before. It beat earnings expectations and reported a “double digit growth” in the number of transactions that happened over its platform. The Information noted that Chriss, who took over as the company’s CEO in September 2023, said in PayPal’s last earnings call in November 2023 that its costs were “too high” and were “slowing us down.”

This article originally appeared on Engadget at https://www.engadget.com/paypal-is-laying-off-2500-employees-214628203.html?src=rss

At IFA last September, I encountered the Honor Magic V2 for the first time, which debuted in China in July 2023. The recipient of one of our Best of IFA 2023 Awards, the Magic V2 went global on Jan 26, 2024. Comparable to the Samsung Galaxy Z Fold 5 and OnePlus Open in size and performance, this foldable phone features a thinner and lighter chassis. Honor also unveiled the Porsche Design version at the Leipzig, Germany, launch event, and we will publish the review soon.

Some people expressed reservations about last year’s Qualcomm flagship SoC, the Snapdragon 8 Gen 2 SoC.  However, the Magic V2 remains potent, with 16GB RAM and 256/512GB storage options. Its standout feature is being the thinnest and lightest large foldable on the market, coupled with good camera performance for such a slim body.

 Competition, Price, and Availability

From a display quality and computing power point of view, the Honor Magic V2 is on par with the Galaxy Z Fold 5, except for its lack of a waterproofing IP rating (the Fold 5 is IP X8), its thinner chassis, and its significantly faster charging speed. 

The Magic V2’s display and SoC are also similar to the thicker Oneplus Open, except for the camera performance.

Thinner and lighter than all its foldable counterparts, the Magic V2 looks like a standard 8-inch high-end smartphone, making it an appealing option for travel, doubling as a tablet for content consumption or work. At Ubergizmo, we are seriously considering ditching our phone and tablet combo for the Magic V2, due to our intense traveling schedule.

However, its multitasking feature lags behind the heavier Z Fold 5, which also offers additional functionalities with the optional new Z Fold 5 S Pen and the S Pen Pro (including air actions and remote control only for the latter). 

Launching without Android 14, its update program remains similar to the competition. The HONOR Magic V2 is priced at £1,699.99 in the UK, and €1,999 in select E.U. countries (approximately $2,150). We recommend buying the Honor 66W fast charger with your order, in some countries like the UK, it is offered as a bundled gift (as of today).It costs only  €1 in Germany (as of today), instead of the €29.90 price offered on the Honor France website (instead of the regular €49.90 price, as of today).

Design

The Honor Magic V2 stands out for its key design elements, notably its thin chassis at 10.1 mm / 237 g (or 9.9 mm / 231g for the vegan leather version), surpassing the Galaxy Z Fold 5 (13.4mm, 253g), the Pixel Fold (12.1mm, 283g), and the OnePlus Open (11.7-11.9mm, 239-245g). 

Unfolded, it measures only 4.7 mm or 4.8 mm (glass-finish version), which is only 1 mm thicker than regular smartphones such as the iPhone 15 Pro Max, which is 8.25mm and 221 grams. 

The build quality is excellent, and we consider the Honor Magic V2 one of the best-designed foldable phones, featuring an elegant purple shade for the glass finish version (our review unit).

“THE BUILD QUALITY IS EXCELLENT, AND WE CONSIDER THE HONOR MAGIC V2 ONE OF THE BEST-DESIGNED FOLDABLE PHONES”

The folding experience is smoother than the Z Fold 5. However, unlike the Samsung’s large foldable, it lacks a 45-degree folding position, which is a minimal trade-off. The redesigned hinge eliminates gaps, making the phone ultra-thin while reducing crease depth. 

The package includes a case with a built-in kickstand, usable in various orientations, maintaining the Magic V2’s thinner profile compared to the Z Fold 5, even with the case attached.

Displays

The Honor Magic V2 features a 6.43-inch OLED display on the front with a resolution of 1060 x 2376, a 120Hz refresh rate, and a theoretical peak brightness of 2,500 nits. 

Internally, it houses a nearly square gorgeous 7.92-inch display with a resolution of 2156 x 2344, a 120Hz refresh rate, and a claimed peak brightness of 1,600 nits. HONOR highlights its 3840Hz PWM dimming tech, potentially aiding users prone to eye strain during prolonged phone use.

The external screen mirrors the size of a regular smartphone with a curved right edge, while the internal crease is barely noticeable during media consumption or gaming. Tested for 400,000 folding cycles, equivalent to 10 years of folding 100 times daily.

Camera

The Magic V2 has a typical triple rear camera, including a 50-megapixel main, a 20-megapixel telephoto with a 2.5x optical zoom, and a 50-megapixel ultrawide. There is a 16 MP punch-hole selfie camera on each screen, capable of shooting 4K video at 30 fps. The rear camera can shoot 4K video at 60 fps.

Primary camera night:

The Magic V2 has a slightly less performing primary camera at night compared to the other large foldable phones. However, it does a good job overall, and the results are satisfactory for such a thin chassis.

The Magic V2 night picture quality is closest to the Pixel Fold, but the details are slightly more blurry, partially because of the strong filtering and sharpening algorithms, especially if you zoom in close or crop the photos. Besides that, the camera does a great job of capturing natural colors and preserving the mood of the night scene as you see it. The lighting remains natural and on-point and captures in a predictable way. 

Overall, the camera has good performance both in low light and in bright daylight. We could not calculate Ubergizmo’s HW camera score due to a lack of specific metadata in the photos we shot, so we cannot compare the hardware camera system against the other foldable phones we tested. We will try to get the info and update the review accordingly.

Ultrawide camera: 

Day: The sunset shot is really interesting because it challenges the camera to simultaneously capture details and high-dynamic range. The Magic V2 did well with the HDR and details capture (including texture) in our tests. However, it has a tendency to overshoot the exposure settings and other filters, making the final photo look a little unnatural (too bright/vivid) compared to what your eyes see. 

Night: At night, the Magic V2 Ultrawide camera does a good job of preserving the lighting, color, and mood of the scene. However, the ultrawide camera module is not as powerful as the primary (wide) camera, and the texture of certain materials can be difficult to preserve. In this scene, the Ultrawide shot is comparable to what we obtained with the OnePlus Open.

Zoom camera: 

The 2.5X zoom of the Magic V2 is more suited to capture portrait photos than competing with telephoto cameras that feature 6X or 10X optical zooms. At long-range (10X), the camera will rely on digital zooming, making small details relatively blurry compared to the extreme zoom cameras. That aside, the general 2.5X zoom image quality is quite good, but like it is generally the case with this camera, the photos can sometimes look less natural due to how the exposure is set and how filters are being applied.

Camera conclusion:

The Magic V2 rear camera system’s photo quality is impressive if you consider how thin the chassis is. Indeed, mobile cameras need as much depth (thickness) as possible to host the camera lenses, and HONOR seems to have successfully balanced phone design and camera quality.

SoC, memory, storage, performance& software updates

Software updates

Honor commits to providing five years of security patches and four years of Android updates for the Magic V2, aligning with Samsung and OnePlus’ assurances for the Galaxy Z Fold 5 and OnePlus Open, respectively. Google’s Pixel Fold guarantees three years of Android version updates and five years of security patches. While the Magic V2 ships with Android 13, one update is required to bring it up to date with Android 14. Unlike the Samsung Galaxy Z Fold 5, the Magic V2 is yet to receive an Android 14 update. 

It houses last year’s Qualcomm flagship SoC, the Snapdragon 8 Gen 2, with configurations of up to 16GB RAM and 512GB storage (expandable to 1TB in the Porsche Design variant). 

Perceived Performance

Performance remains fluid in daily usage, including 3D gaming (I tried a few games). 

Measured Performance

CPU performance

As you can see from the charts, the Honor Magic V2 has excellent performance in the context of foldable phones despite its amazing thinness. This is probably due to Honor’s efforts to produce an advanced cooling system called Ultra-thin Bionic Cooling System.
According to the company, the new cooling technology combines an ultra-thin vapor chamber, ultra-high thermal conductivity graphite, thermal conductivity gel, and copper foil.

It ranks among the highest CPU performance, which typically ensures that apps load fast and most tasks are completed faster.

GPU performance

From a graphics standpoint, the scores are also very high, making it a high performer for general graphics (GPU performance) but also games. Keep in mind that with lengthy gaming sessions, the heat will eventually build up. That’s why all dedicated gaming systems are inherently thicker with extra cooling.

Battery

Battery capacity

Despite its ultrathin chassis measuring 4.7 or 4.8 mm, the Magic V2 impressively integrates a 5000 mAh battery (the biggest for a foldable phone), thanks to its two-part silicon carbon battery technology. 

Debuting as the thinnest dual Silicon-carbon Batteries, averaging only 2.72mm in thickness, the innovative battery system extends its cycle life by 40%, according to HONOR. 

It incorporates an electrochemical system that enhances longevity and features HONOR’s low-voltage charge energy-gathering technology for enhanced power output at the same voltage as graphite-based batteries. 

With regular use, connected to both 5G and Wi-Fi, the Magic V2 should last at least a full day on one charge. During my review, which was conducted solely on Wi-Fi (without 5G) with intermittent use, the battery lasted for three days. I cannot vouch for battery life as battery drainage highly varies depending on usage, with browsing and email having minimal impact compared to extreme workloads such as intense photo shoots, video streaming, or 3D gaming sessions. As usual, the battery’s capacity (in mAh) is your best indicator for potential battery life.

Charging speed

The Honor Magic V2 charges 71% of its 5000 mAh battery in 30 minutes with the optional €30 66W charger (free or €1 bundle in some markets). This is similar to the OnePlus Open charging time of 79% in 30 minutes for its 4805 mAh battery (with the included OnePlus 67W fast-charger). By comparison, the Galaxy Z Fold 5 charges 49% in 30 minutes with its optional 50W Samsung charger.

Conclusion 

The Honor V2 delivers impressive build quality and display quality in the thinnest and lightest foldable form factor on the market.

This unique feature should convince people reluctant to carry thicker and heavier smartphones to try the folding smartphone experience. Travelers should consider switching to the Magic V2 as it can also be used as a tablet for productivity and entertainment during flights.

Although the camera performance is slightly below the one found in competitive devices, it is excellent for such a thin chassis.

Some text

HONOR Magic V2 Review: An Impressively Thin And Light Foldable Phone

, original content from Ubergizmo. Read our Copyrights and terms of use.

PayPal is laying off nine percent of its workforce, the company’s CEO Alex Chriss told staff in a letter on Tuesday that PayPal made public hours later. The decision will impact about 2,500 employees, who will find out their fate between today and the end of the week, Bloomberg reported earlier. PayPal’s layoffs come almost exactly a year after the company fired more than 2,000 workers to keep costs down. 

Despite thousands of job cuts in 2023, layoffs at tech companies have continued into 2024. On the same day as PayPal’s latest layoffs, Jack Dorsey’s Block, the company that owns Cash App, Foundational, and Square, conducted its second round of layoffs in two months, cutting nearly a thousand people. Earlier this month, Google laid off more than a thousand workers in its Assisstant and hardware divisions, with CEO Sundar Pichai warning employees to brace for more cuts through the year. Discord, eBay, Riot Games, TikTok, Microsoft, iRobot, Amazon, Unity, and Duolingo, among others, have collectively cut thousands of jobs in January

PayPal was one of the earliest companies in online payments industry, but in recent years, rivals like Zelle and tech companies with deep pockets like Apple, have entered the space. The competition in the payments industry is putting pressure on PayPal. Bloomberg noted that four analysts have downgraded the company’s stock this month. The company will “continue to invest in areas of the business we believe will create and accelerate growth,” Chriss said in the letter. 

PayPal’s layoffs are happening despite the company’s strong growth throughout 2023. The company’s revenue as of September 2023 was $7.42 billion, an increase of more than eight percent compared to its revenue a year before. It beat earnings expectations and reported a “double digit growth” in the number of transactions that happened over its platform. The Information noted that Chriss, who took over as the company’s CEO in September 2023, said in PayPal’s last earnings call in November 2023 that its costs were “too high” and were “slowing us down.”

This article originally appeared on Engadget at https://www.engadget.com/paypal-is-laying-off-2500-employees-214628203.html?src=rss

Introduction

How Late Is The Closest Grocery Store Open? Groceries are an all-time necessities for every household. Not only this, but night owls are more into late-night shopping to make food and enjoy the night. Thanks to technology, late-night shopping has become possible in recent years. Not all supermarkets or grocery stores are open for the public for walk-ins, however, some deliver groceries at doorsteps through various delivery services late at night.

Thus the question always arises how late is the closest grocery store open, well, many are open 24/7 while few may operate till midnight to 2 am. Nearby open grocery stores at awkward hours at night hard to find, but delivery apps may help you get the products you want at any time of the day.

Types of Food Available in Grocery Stores

In the meantime, if you are looking for how late is the closest grocery store open let’s make your stomach hungry. Here is a list of grocery items for your better shopping experience.

• Bread and Baked Goods: Donuts, Cookies, Bagels, Muffins, Tortillas, Wraps, Hamburger buns, Croissants, Hot dog buns, bread, cakes, and cookies.
• Dairy: Dip, milk, eggs, butter, cheddar Cheese, Feta cheese, yogurt, and Sour cream.
• Meat Alternatives: Tofu, Soy hot dogs, soy burgers, paneer, Quorn meat and veggie burgers
• Cans and Jars: Baked beans, apple sauce/jelly or jam, broth, canned fruit, creamed corn, soup, olives, pie filling, pickles, pasta sauces, peanut butter, lentils, and black beans.
• Meat and fish: Cod, Chicken, bacon, deli meat, tuna, hot dogs, salmon, turkey, ham, ground beef, steak.
• Fruits: Avocado, apples, plums, cherries, kiwi, grapes, melons, peaches, plums, berries, and bananas
• Snacks: dried fruit, granola bars, cashews, candy, almonds, cookies, tortilla chips, seeds, pretzels, potato chips, popcorn, and pudding.
• Herbs and Spices: Curry powder, paprika, red pepper, vanilla sugar, coriander seed, cinnamon, cumin, garlic powder, oregano, Italian seasoning, and bay leaves. Granola, breakfast cereals, spaghetti, quinoa, vermicelli, pasta, macaroni, lasagna noodles, and oats
• Sauces and Condiments: Vegetable oil teriyaki, steak sauce, lemon juice, salad dressing, mayonnaise, mustard, rice bran oil, olive oil, tomato ketchup, coconut oil, BBQ Sauce, chutney and Salsa
• Frozen Food: Veggie burgers, Pizza, Ice pops, ice cream, burgers, chicken, chopper fruit, pizza and waffles
• Drinks: Teabags, wine, liquor, energy drinks, coffee, beer, milk, club soda, vodka, soft drinks, and coconut water.

All of these are some of the examples found in in-store vs online grocery stores. There are multiple varieties available. Well, we just tried to help you tick off some items from your grocery list.

How Late is The Closest Grocery Store Open?

If you are located in the USA, and wondering where to buy urgent grocery items here’s a list of the largest multinational supermarkets and their operational timings.

Due to the rising demand for doorstep delivery and its convenience, although these supermarkets or grocery stores close up, there is still the possibility of getting the products delivered at home. Coming to the specific question, how late is the closest grocery store open, generally, grocery stores in the USA are open between 6 am to 10 pm. Whether these stores are late-night open or not, 7-Eleven and Ahold Delhaize are the best choices for night owls for some snacks.

List of 24/7 open Grocery Stores Near Me Including Others

(Source: gobankingrates.com)

Stores for Late-Night Delivery Available to Shop Near You

(Source: instacart.com)

Top 10+ Best Online Grocery Shopping Apps to Use in 2024

#1. Walmart Grocery

Walmart is an American multinational retail company that is the owner and operator of the Sam’s Club supermarket chain. Currently, Walmart is a leading retail store in the USA. Consumers can physically visit their shops or order online. Depending on the delivery location, the delivery charges range between $8 to $10. Walmart has a $35 minimum order restriction for Plus membership which provides $13 of groceries per month or $98 per year.

#2. Instacart

Another most preferred online grocery delivery app in the USA is Instacart. It is primarily popular in San Francisco. Instacart has express delivery and same-day delivery options along with some extra delivery charges. The amount of the final order decides the delivery charges. Moreover, consumers can get free delivery for Instacart Express membership for orders above $35.

#3. Kroger

Kroger is one of the best grocery delivery services, which allows customers to order from the stores they want. Kroger’s delivery executive will go to that store and pick up the order. Kroger has more than 2,800 grocery stores and 2400+ pharmacies connected. Kroger charges $6.95 for the pick-up and doorstep delivery.

#4. Doordash

Doordsh is the leading grocery delivery app in New York City, California, and San Francisco. This platform is also famous in Australia and Canada. Doordash has partnered with more than 20,000 restaurants and supermarkets. The delivery charges depend on the distance between pick and delivery location. However, within 5 miles it charges $9.75 and for more than 5 miles it is $0.75 per mile up to 15 miles.

#5. Amazon Pantry

Everyone knows who Amazon is thus no separate introduction is needed. Amazon Pantry delivers fresh produce as well as groceries. It has multiple options which include pet supplies as well. Products are generally delivered in under 2 hours, however, for express or 1-hour delivery, $10 delivery charges are to be paid. Furthermore, a minimum $35 order value is required otherwise $5 for delivery will be charged,

#6. Fresh Direct

As the name suggests, Fresh Direct delivers everything including fresh and perishable items, for example, meat, dairy products, pantry items, fresh products, and bakery items, including household essentials and other items. A monthly subscription is available to avoid delivery charges. Otherwise, depending on the location delivery charges are applied.

#7. GoPuff

Just like other online grocery delivery apps, GoPuff offers quick delivery services of groceries and other items at the doorstep. This is a comparatively affordable platform because the delivery charges are fixed ($3.95) and do not change just like other companies change according to the location. However, some items such as vaping products, tobacco, and alcohol will be charged an extra $3.95.

#8. Delivery.com

Delivery.com delivers groceries and other items from local shops, wine and spirits stores, restaurants, dry cleaning, laundry, tailoring and services, and other shops. The platform has more than 10,000 connected businesses. Similarly, the delivery charges depend on the pick and delivery location.

#9. Peapod Digital

Peapod is a distinct platform from others because it has its warehouse from which most of the orders are delivered. Delivery charges depend on the value of the order such as for $10 is charged for orders above $30, while above $75 it is $8. For orders above $100, delivery charges are $7. Furthermore, placing online orders and customers can pick up those from Peapod locations for free.

#10. Boxed

It is a completely online ordering platform, which is currently available in 48 states of the USA excluding Hawaii and Alaska. Boxed deliveries of groceries, toiletries, cleaning supplies, paper goods, and any household and office supplies. The company sells in bulk and thus offers these products at lower prices. For orders under $499, a shipping fee of $7 is applicable. Customers can also pay $49 as a membership to get free deliveries a year. However, orders above $499 do not have any shipping charges.

#11. Shipt

Shipt offers deliveries of the products and groceries from the customer-chosen shops. Its membership has free shipping for orders above $35, and it costs $14 per month or $100 a year.

#12. Postmates

One of the largest online grocery delivery in the USA is Postmates. It allows customers to place orders on various categories such as groceries, food, and beverages from more than 600,000 grocery stores, retailers, and restaurants around the states. It is also known for its on-demand pick-up services, with 2000+ locations.

Advantages of Online Grocery Delivery

When you have a grocery store in your hand then why still care about how late is closest grocery store open? Many delivery partners can get the product for you from any store you like. Although some supermarkets or grocery stores may close at night, they are still available for online deliveries. Following are some advantages of online grocery shopping.

• Convenient

Online grocery shopping provides the utmost convenience in terms of online payments, doorstep delivery, a variety of options to choose from, on-time delivery, and availability 24/7. Even if it’s running, snowing or you don’t have any time to go grocery shopping, you will get the items delivered at your convenience without limited extra charges.

• Doorstep delivery

Online grocery shopping comes with the advantage of doorstep delivery. Whatever you buy, you get it delivered. There are no restrictions on buying the items, however, alcoholic drinks can be ordered after showing the ID.

• Saves Time

Getting ready, and driving to the grocery store is the most unconvienit method of shopping. Rather, you select the products you want to order without going anywhere, make a payment, and get it delivered within a few hours.

• Exclusive discounts and offers

Grocery malls or supermarkets do not generally offer discounts. However, online products are directly sold by manufacturers thus, the prices are comparatively low and many other membership perks or offers and discounts are given during any time of the day.

• Available 24/7

You be an early riser or a night owl, if you are hungry, your groceries will be delivered to your home address 24/7. However, late-night deliveries have some extra delivery charges, but isn’t that still comfortable?

• Payment Options

Unlike supermarkets, where you have to pay in cash or by card, online delivery has many options such as pay later, cash on delivery, pay by EMI, etc. The flexibility of payments provides easy fulfillment of orders.

• Variety of products

You can choose many products from n number of categories. Moreover, the number of items you order for a similar product has no boundaries.

• Quick delivery

Depending on the delivery, you can get delivered those grocery items within 1 hour or less. There are multiple express delivery options available during checkout.

The Best and Worst Times to Go Grocery Shopping

The best time to go grocery shopping during weekdays is either in the early morning or late evening. The rush hours are usually between 12 pm to 4 pm. However, in case you are thinking to go for a grocery shopping between 5 pm to 7 pm, you will find the flood packed with other shoppers, as people go there after they leave the office.

During weekends, early morning is the best time to go grocery shopping, if you are an early riser. On weekends, most products are restocked or replaced with fresh items.

Important Grocery Shopping Statistics

By Grocery Delivery Market

Worldwide

• By 2024, the worldwide grocery delivery market is expected to reach $786.80 billion in revenue and is expected to grow at a CAGR of 12.74% by 2028, reaching $1,271 billion.
• The average revenue per user is expected to be valued at $0.51k in 2024.
• In the same year, compared to other countries, China is expected to generate the highest revenue resulting in $266,000 million.
• Furthermore, the user penetration rate currently is projected to be 20.1%.
• In addition, the total number of consumers in the market is projected to reach 2,103 million by 2028.
• Compared to other segments in grocery delivery, retail delivery is projected to be the largest market contributing $599 billion in 2024.

Americas

• The American grocery delivery market in 2024 is expected to be valued at USD 288.70 billion reaching $476.50 billion by 2028 growing at a CAGR of 13.35%.
• Furthermore, the average revenue per user is projected to be valued at USD 1.15k in 2024.
• The grocery delivery market in America is expected to grow the number of consumers representing 320.9 million by 2028.
• Similar to the worldwide projections, the retail delivery market in America in 2024 is expected to reach a volume of USD 220.50 billion.
• The consumer penetration rate is expected to be 24.6% in 2024.

Asia

• In the Asian grocery delivery market, Japan is expected to increase the number of consumers in the coming years, considering the benefits of time-saving and doorstep delivery.
• Furthermore, by 2028, the number is expected to reach 1,314 million.
• The user penetration rate is projected to reach 21.1% in 2024.
• In addition, the average revenue per user in the Asian grocery market in 2024 is estimated to amount to $403.90.
• The retail delivery market is estimated to increase the market volume contributing $287.30 billion in 2024.
• Moreover, the market is expected to reach $388.50 billion in 2024 reaching $626.60 billion by 2028, growing at a CAGR of 12.69%.

Africa

• The African Grocery delivery market is expected to be valued at $4.75 billion in 2024 and is expected to reach $9.35 billion by 2028, growing at a CAGR of 18.45%.
• Considering the African market, Nigeria is projected to increase the demand for convenient and contactless grocery shopping options in the coming years.
• Thus, the number of consumers in the market is expected to reach 211.6 million by 2028.
• The retail delivery market is projected to reach $3.68 billion in 2024.
• Furthermore, the average revenue per user is estimated to be $33.64 in 202 and the estimated user penetration rate will be 11%

Europe

• The European grocery delivery market in 2024 is valued at $94.19 billion and is expected to grow at a CAGR of 10.89% reaching $142.40 billion by 2028.
• Comparing the other segments in the market, retail delivery is projected to reach a volume of $79.53 billion in 2024.
• The number of consumers in Germany will be growing significantly because of the convenience of doorstep delivery, thus the European market is expected to reach 242.8 million consumers by 2028, with a user penetration rate of 22.7% in 2024.
• The average revenue per user in the market is estimated to be $488.10 in 2024.

Australia and Oceania

• Similar to other countries, the Australian and Oceanian regions are expected to grow the number of consumers due to the convenience of doorstep delivery services, thus, the number of consumers will reach 13.7 million by 2028.
• Furthermore, the market is estimated to reach $10.69 billion in 2024 growing at a CAGR of 10.33% and reaching $15.84 billion by
• The average revenue in 2024 is estimated to amount to $0.99k.
• Moreover, the retail delivery market will generate a market volume of $7.99 billion in 2024.

Thus, the above statistics on the grocery delivery market provide future insights on how much the grocery shopping trend is going to change in the coming years. Certainly, the convenience of doorstep delivery is the major factor in the increase in the demand for online grocery shopping.

General Grocery Store Shopping Insights

• 72% of consumers spend less than 44 minutes grocery shopping for every trip.
• More than half of the consumers shop at the main grocery chain or supermarket resulting in 55% and 54% respectively.
• Fridays, Saturdays, and Sundays are the most preferred days to go grocery shopping for 59% of the people.
• 2 out of 3 people shop till their cart is filled.
• The average number of grocery trips per month is 8 times per household.
• On average, consumers spend $173 on grocery shopping per trip.
• By 2025, annual grocery store spending is projected to reach $1,524.

General Online Grocery Shopping Insights

• By 2027, online grocery shopping in the food and beverage segment is expected to generate a revenue of $100.7 billion in the USA alone.
• The Year-on-year change in online grocery prices is 3.8%.
• In 2024, Walmart’s eCommerce net sales are projected to reach $38.7 billion, while Amazon will generate $29.5 billion.

Do You know How People Carry Groceries to Home?

Other methods of carrying groceries in the grocery store include:

• Bags from home (7%)
• Handheld basket (4%)
• Bags from home (7%)
• By hand (3%)
• Motorized cart (3%)

(Source: driveresearch.com)

The majority of the people bring bags from home to carry groceries resulting in 7%, while % keep it in handheld baskets. 3% of Americans keep it in their hands or a motorized cart.

Do You Know How Americans Usually Purchase Their Groceries?

(Reference: statista.com)

In the last year, according to a survey by Statista, majority of the Americans preferred to shop for groceries locally at brick-and-mortar stores only contributing 44%. While 38% preferred mainly in-stores and partly online. On the other hand, 15% mainly purchase online but party in-store, while 3% of Americans exclusively do it online.

The Most Preferred Grocery Shopping Brands by Americans

(Reference: statista.com)

As of September 2023, the leading grocery shopping store preferred by Americans was Walmart, as 67% of them regularly shopped at Walmart. Target, Aldi, Costco, and Kroger are other top 5 most preferred grocery stores in the USA. On the other hand, only 1% of respondents to a survey by Statista stated they do not buy food or products of everyday use.

Where do Americans Purchase Groceries?

(Reference: statista.com)

Comparing the old and new generations, young consumers prefer to shop in stores as well as online, contributed by 18 to 44 years. Consumers in the USA aged 45 and above prefer to shop at bricks and mortar stores only. However, in 2023, there is still a tiny number of consumers who do exclusively online grocery shopping.

Grocery Shopping by Store Brand Awareness in 2023

(Reference: statista.com)

As of 2023, Walmart had the highest brand awareness in the USA representing 92%, followed by Target at 87% and Sam’s Club at 83%. Overall, the top 10 grocery stores by brand awareness have gained more than half of the American’s attention.

How Many People Feel Happy While Grocery Shopping in Stores?

(Reference: statista.com)

Compared to the online grocery shopping experience, consumers in all age groups enjoy grocery shopping in stores. Overall, everyone is rather pleasant with in-store shopping. However, very few find it unpleasant resulting in less than 20% in all age groups

Do You Know Where Americans Go Grocery Shopping by Store Type?

(Reference: statista.com)

As of 2023, majority of the Americans prefer to go to supermarkets for grocery shopping representing 69% of shoppers. Less than half of the respondents to a survey by Statista prefer to go to other store types such as big-box stores, deli, discount stores, convenience stores, etc.

Conclusion

How Late Is The Closest Grocery Store Open? Well, to answer how late is the closest grocery store open, we can say that times have changed! Although the shop hours are closed for walk-ins, consumers can still order online and get deliveries of groceries and other items late at night. However, the trend for complete online grocery orders is yet to reach at peak.

People still love to walk into supermarkets and buy the products they want. The majority of the people as mentioned above, either equally (online or in-store) order to physically to go the supermarket. Moreover, because of delivery services, grocery stores, restaurants, and

PayPal is laying off nine percent of its workforce, the company’s CEO Alex Chriss told staff in a letter on Tuesday that PayPal made public hours later. The decision will impact about 2,500 employees, who will find out their fate between today and the end of the week, Bloomberg reported earlier. PayPal’s layoffs come almost exactly a year after the company fired more than 2,000 workers to keep costs down. 

Despite thousands of job cuts in 2023, layoffs at tech companies have continued into 2024. On the same day as PayPal’s latest layoffs, Jack Dorsey’s Block, the company that owns Cash App, Foundational, and Square, conducted its second round of layoffs in two months, cutting nearly a thousand people. Earlier this month, Google laid off more than a thousand workers in its Assisstant and hardware divisions, with CEO Sundar Pichai warning employees to brace for more cuts through the year. Discord, eBay, Riot Games, TikTok, Microsoft, iRobot, Amazon, Unity, and Duolingo, among others, have collectively cut thousands of jobs in January

PayPal was one of the earliest companies in online payments industry, but in recent years, rivals like Zelle and tech companies with deep pockets like Apple, have entered the space. The competition in the payments industry is putting pressure on PayPal. Bloomberg noted that four analysts have downgraded the company’s stock this month. The company will “continue to invest in areas of the business we believe will create and accelerate growth,” Chriss said in the letter. 

PayPal’s layoffs are happening despite the company’s strong growth throughout 2023. The company’s revenue as of September 2023 was $7.42 billion, an increase of more than eight percent compared to its revenue a year before. It beat earnings expectations and reported a “double digit growth” in the number of transactions that happened over its platform. The Information noted that Chriss, who took over as the company’s CEO in September 2023, said in PayPal’s last earnings call in November 2023 that its costs were “too high” and were “slowing us down.”

This article originally appeared on Engadget at https://www.engadget.com/paypal-is-laying-off-2500-employees-214628203.html?src=rss