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Beyond Meat shares (NASDAQ: BYND) rose 5.3% on Thursday after the meat substitute company introduced a new e-commerce site.
Beyond Meat’s new online store will enable its US-based consumers to be in the process ofBut it’s not the first time Order the company’s plant-based foods, adding bulk packages, mixed products and test packages, and receive them at your doorstep within two days.
Beyond Meat noted that its shipping boxes can be recycled and shipped through carbon-neutral UPS, offsetting their emissions by financing landfill fuel capture projects.the average consumer.
Beyond Meat has spent most of its young life as a public company expanding its classic retail distribution network.Its products can now be discovered at 26,000 retail outlets in the United States, and its partners come with industry giants Walmart, Costco, Target, Kroger and Whole Foods, among others.
However, the move to e-commerce is successful.Grocery sales, like much of the rest of the retail market, are changing online.Beyond Meat knows this and is trying to find its consumers where they need to buy.
In addition, many other people lately avoid buying food in retail stores because of the fears of coronavirus; They will no doubt appreciate the ability to place orders online, and the resulting sales can be a driving force for beyond expansion for Beyond Meat, the COVID-19 crisis.