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Shipt Launches New Rewards Program To Recognize Shoppers for High Quality Service and Care

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Shipt Summit Seeker Program™ introduces new perks such as industry-leading gas cashback offer, $50 in grocery credits and wellness perks

BIRMINGHAM, Ala., July 27, 2023 /PRNewswire/ — Shipt, a retail tech company known for connecting people to high quality delivery, today announced the launch of the Shipt Summit Seeker Program, a brand new shopper rewards program. Shoppers with Shipt pride themselves on going above and beyond, and Shipt designed this program to reward them for their high standard of service whether they shop every day or once every few weeks.

“We know our customers appreciate shoppers who go above and beyond and our new Shipt Summit Seeker Program recognizes that extra effort shoppers put in,” said Raj Kapoor, Chief Operating Officer of Shipt. “Even someone who only shops a few hours a week can take advantage of this program. Because the Shipt Summit Seeker Program was built in collaboration with shoppers, it rewards them for high quality service with some of the things shoppers value most.”

Program perks were prioritized with shopper feedback in mind:

Based on a nationwide survey conducted in March 2023 and out of 7,500 responses, gas discounts are overwhelmingly the most requested perk by shoppers, with over 80% of shoppers surveyed sharing that gas discounts are the most valuable to them. Today, Shipt is announcing that it is expanding the investment into Upside and is now able to offer the industry-leading gas perk to shoppers in the Summit Star tier: up to $1 per gallon cash back for two fill-ups in each 60 day period. After the two fill-ups in each 60 day period, shoppers may still be able to access up to $0.25 per gallon cash back as an Upside user.Based on a nationwide survey conducted in March 2023 and out of the 7,500 responses, 70% of shoppers surveyed shared that grocery credits would be valuable to them as they shop for their own families. Shipt took that feedback to heart and is rewarding shoppers in the Summit Star tier with a $50 credit in their Shipt member account to be used on purchases at a retailer of their choice. All shoppers with Shipt already get a free Shipt membership, and now top-tier shoppers will be able to use this reward toward their own day-to-day purchases.On top of the perks that all shoppers already have access to, Shipt is launching a new partnership with a wellness partner, Avibra, to give eligible shoppers a variety of wellness perks, including injury protection insurance, $1,000 in life insurance, $10,000 of AD&D coverage, housing, debt and credit counseling, a 24/7 well-being advisor and a prescription savings program – all at no cost. Shoppers registered with Avibra will also have access to the company’s Dollar Benefit Store where, for only $1 a week, they can access even more savings on things like roadside assistance, dental and vision, chiropractic & alternative medicine, critical illness, group fitness classes, mental health support and more.

When creating the Shipt Summit Seeker Program, Shipt kept flexibility top of mind and took a different approach than others in the industry by prioritizing quality and not quantity of shops, knowing that more than 80% of shoppers choose to work less than 10 hours a week. The Shipt Summit Seeker Program is divided into three different tiers: Wayfinder, Trailblazer and Summit Star. To qualify for the Shipt Summit Seeker Program at the Wayfinder level, shoppers must have at least a 4.70 rating, 90% on-time delivery percentage and completed 10 orders. The program cycle is 2 months long, which means all shoppers will have their qualifications evaluated every 60 days.

Shipt meets once a month with an advisory council of shoppers from across the country to talk about what’s top of mind for shoppers in their communities and solicit their feedback. The company shared the progression of the Shipt Summit Seeker Program with these seasoned shoppers and made changes to it based on their input.  

Shipt is committed to working in partnership with shoppers and drivers to help them build their business and preserve a flexible work experience. Shoppers and drivers can always share feedback with Shipt HQ directly at in-person events such as the Beyond Tour and calling into Shipt’s 24/7 support team.

About Shipt
Shipt is a retail tech company that connects people to reliable, high-quality delivery with a personal touch. Through the power of technology, Shipt connects customers to the things they want from the stores they love, workers to new earning opportunities, and retail businesses to more satisfied customers. Headquartered in Birmingham, Alabama, Shipt brings people the flexible solutions they need with the above-and-beyond service they expect. Shipt is an independently operated subsidiary of Target Corp. and available in more than 5,000 U.S. cities. For more information, please visit Shipt’s Newsroom.

 


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SOURCE Shipt

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Saab Q1 results 2025: Growing in a dynamic market reality

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STOCKHOLM, April 25, 2025 /PRNewswire/ — Saab presents the results for January-March 2025.

“We had a solid start to the year with sales growth across all business areas and delivered Saab’s strongest first quarter to date. Fully committed to contributing to the European defence build-up, we will continue to develop in line with our growth plans and capture market opportunities by focusing on customer deliveries and investing in capacity to meet the high demand,” says Micael Johansson, President and CEO, Saab.

Key highlights Q1 2025

Order intake for the first quarter increased to SEK 19,144m (18,495), driven by small and medium-sized orders.Sales in the quarter amounted to SEK 15,792m (14,185), which corresponded to an organic sales growth of 11% (24).EBITDA increased to SEK 2,140m (1,819) with an EBITDA margin improvement to 13.6% (12.8) in the quarter.EBIT increased 22% and amounted to SEK 1,454m (1,191), corresponding to an EBIT margin of 9.2% (8.4).Net income increased to SEK 1,277m (784) and earnings per share amounted to SEK 2.35 (1.43), an increase of 64%.Operational cash flow improved and amounted to SEK -14m (-1,998), driven by strong cash flow in Dynamics, offset by increased investments and timing of customer payments.Net liquidity position at the end of the period was SEK 2,196m compared to SEK 2,211m at year-end 2024.The AGM 2025 decided on a dividend of SEK 2.00 (1.60) per share for the financial year 2024.

Presentation of Saab’s Q1 2025 results 

Saab’s CEO and President Micael Johansson and CFO Anna Wijkander will present the results.

Date: Friday 25 April at 10.00 a.m. (CEST)

You are welcome to watch the live webcast or dial in to the conference call. It is possible to submit questions over the conference call and from the webcast page.

Live webcast: www.saab.com/investors/webcast/q1-2025 

Registration for conference call: www.saab.com/investors/conference-call-q1

The interim report, presentation material and webcast will be published on www.saab.com/investors.

Contacts:
Mattias Rådström
Head of Media Relations 
+46 (0)734 180 018
presscentre@saabgroup.com

Merton Kaplan
Head of Investor Relations
+46 (0)734 182 071
merton.kaplan@saabgroup.com

Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.

The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 25 April 2025 at 07.30 (CEST).

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/saab/r/saab-q1-results-2025–growing-in-a-dynamic-market-reality,c4140232

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SOURCE Saab

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ASSA ABLOY acquires Door System in Denmark

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STOCKHOLM, April 25, 2025 /PRNewswire/ — ASSA ABLOY has signed an agreement to acquire Door System, a Danish manufacturer of high-quality fire rated doors with particular expertise in the pharmaceutical, food and retail industries.

“I am very pleased to welcome Door System to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“I am delighted that Door System will join the EMEIA Division. Their strong expertise in high-quality fire rated doors aligns well to our door segment vision, providing exceptional combined fire-rated, freezer and hygienic door solutions across industries through focus on innovation and excellence. We welcome the team at Door System to the ASSA ABLOY family,” says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division.

Door System was founded in 1998 and has some 80 employees. The main office and factory are located in Hørning, Denmark.  

Sales for 2024 amounted to about MDKK 125 (approx. MSEK 190) with a good EBIT margin. The acquisition will be accretive to EPS from the start.

The acquisition is subject to customary closing conditions and is expected to close during the second quarter of 2025.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com 

About ASSA ABLOY
ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-acquires-door-system-in-denmark,c4140231

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Supporting Data+AI Integration: Tencent Cloud Big Data-Data Lake Compute (DLC) Achieves 70% Cost Reduction

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SHENZHEN, China, April 25, 2025 /PRNewswire/ — Under the Data+AI convergence trend, Lakehouse represents the core evolution direction for big data platforms. Tencent Cloud Big Data-Data Lake Compute (DLC) is an open, unified cloud-native Serverless Lakehouse data warehousing and analytics service. It features cloud-native storage-compute separation, lake format governance, deep optimizations for Iceberg, unified metadata management, and machine learning training support, enabling enterprises to build agile Data+AI Lakehouse platforms. DLC has helped a leading Southeast Asian retail conglomerate reduce data platform and machine learning costs by 70%.

Core Challenges

Separated Resources: Big data and AI required isolated infrastructure investments with no resource sharing.Data Movement Overheads: Data silos between Data and AI systems caused latency and additional costs.

DLC Solution

Tencent Cloud’s one-stop intelligent platform WeData, powered by Data Lake Compute (DLC), delivers an integrated DataOps+MLOps platform solution enabling:

Seamless Experience: Unified development for both data analytics and ML workflowsCost Efficiency: 70% cost reduction through shared compute resources for Data+AI workloadsAI Innovation Acceleration: Rapid deployment of GenAI applications via unified data governance

Key Features

Unified Engine: Supports data engineering and ML training (Scikit-Learn, PyTorch, TensorFlow)Meson Engine: Proprietary high-performance engine delivering 2x faster processing than open-source SparkDynamic Resource Allocation: Flexible resource groups for data engineering, interactive analytics, and ML tasks

Business Value

DLC integrates data engineering, SQL analytics, and machine learning into a unified platform with industry-leading cost-effectiveness. The solution has already enabled a Southeast Asian retail leader to achieve 70% TCO reduction across data and ML infrastructure.

#Tencent Cloud Big Data #Data Lake Compute

View original content:https://www.prnewswire.com/apac/news-releases/supporting-dataai-integration-tencent-cloud-big-data-data-lake-compute-dlc-achieves-70-cost-reduction-302438142.html

SOURCE Tencent Cloud

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