A retailer that combines the best of neighborhood retail and e-commerce technology is expanding in the Washington, D.C., market and beyond. In total, the company, which currently operates 12 stores, plans to open nine locations across D.C., Dallas and Chicago this year.
Launched in 2014, Foxtrot combines an upscale corner store and café with app-based purchasing that makes its entire inventory available for delivery in under an hour. Sales are divided equally between online sales and in-store purchases. The new D.C. store features a high-performance coffee bar and an extensive wine selection curated by Foxtrot’s in-house sommelier along with an all-day café offering seasonal chef-prepared foods. The location lends itself to a more grab-and-go feel, while still offering indoor seating and a patio for the warmer months.
In February, Foxtrot received a $42 million Series B growth investment, with the round led by Almanac Insights and Monogram Partners. Backers also include food and hospitality industry notables David Chang, founder of Momofuku; Nicolas Jammet, co-founder and chief concept officer of Sweetgreen; and Walter Robb, former CEO of Whole Foods.
Source: Chain Storeage