• In the UK, Retail Gazette reports that "Ocado is planning on expanding its same-day delivery options to create more slots for customers as it faces growing pressures from part-owner Marks & Spencer to start showing signs of a turnaround.
"Although the online grocer does have same-day delivery options in most locations across the UK, its availability is limited to a few thousand each week.
It is believed that its focus will be on getting shoppers to order larger deliveries for same-day slots, rather than just last-minute ingredients which are typically sold on delivery apps."
• From Bloomberg:
"WeWork Inc. said there’s 'substantial doubt' about its ability to continue operating, citing sustained losses and canceled memberships to its office spaces. Its shares declined more than 14 percent in extended trading.
"The co-working company will focus over the next 12 months on reducing rental costs, negotiating more favorable leases, increasing revenue and raising capital, WeWork said in a statement Tuesday.
"The warning comes mere months after WeWork struck a deal with some of its biggest creditors and SoftBank to cut its debt load by around $1.5 billion and extend other maturities."
According to the story, "WeWork’s office locations, which emptied out during the early months of the Covid-19 pandemic, were showing slow progress toward filling back up over the last year. But the recovery appears so far to be unsustainable. WeWork said occupancy dropped in the second quarter compared to the previous quarter."
