Egg sticker shock at the grocery store could soon get even worse, one analyst warns.
Squeezed by limited supply because of the worst avian flu outbreak in three decades, egg prices have already risen sharply this year. But BB&T Capital Markets analyst Brett Hundley said retail prices could surge even higher.
An uptick to more than $6 for a dozen "would not surprise" him if bird flu returns later this year, something he predicts will occur as early as fall.
As of Friday, prices to consumers for New York large shell eggs stood at a range of $1.99 to $4.49 per dozen, USDA data showed.
And then we get this
Good Eggs Will Shut Down All Operations Outside San Francisco, Lay Off Nearly 140 Employees
http://techcrunch.com/2015/08/05/good-eggs-layoffs/
Organic food delivery startup Good Eggs just announced that it will be closing its operations in Los Angeles, New York City and New Orleans — every city where it has a presence, except for San Francisco.As a result, the company is also laying off nearly 140 employees, including some in its SF headquarters.
In a blog post, co-founder and CEO Rob Spiro talked about where Good Eggs goes from here. He said the team is still “100+ strong,” will continue to deliver food in the Bay Area, and will still be rolling out product improvements in the coming months.
Here’s how he explained the decision to make the cuts:
No comments:
Post a Comment