groceries

Just one month after announcing it would begin drone delivery service in Centerville, Ohio, grocery chain Kroger (NYSE: KR) officially kicked off the service on Wednesday, according to a report in the Journal-News. The drone service, provided by Drone Express, a division of Telegrid Technologies,...

Cathie Wood-led Ark Investment Management on Monday bought more shares of Pinduoduo Inc (NASDAQ: PDD) and JD.com Inc (NASDAQ: JD) — rivals to Alibaba Group Holding (NYSE: BABA) in the e-commerce and online groceries space in China. Wood's firm has been piling up shares of Alibaba...

The grocery store space remains "fiercely competitive," and investors willing to accept a "reasonable" rate of return may want to consider the industry giant Kroger Co (NYSE: KR), according to Bernstein. The Analyst Bernstein's Brandon Fletcher initiated coverage of Kroger...

Wedbush's senior tech analyst Aaron Turner thinks Amazon.com, Inc. (NASDAQ: AMZN)'s next takeover target should be GrubHub Inc (NYSE: GRUB), a platform that delivers food made by restaurants to customers. Needless to say, Amazon has the necessary resources to invest in multiple initiatives...

Costco Wholesale Corporation (NASDAQ: COST), fresh off a 7 percent decline on Friday, was slapped with a downgrade Monday by analysts at Deutsche Bank who believe the wholesaler is past its prime. Deutsche Bank's Paul Trussell downgraded Costco's stock rating from Buy to Hold with a price...

Amazon.com, Inc. (NASDAQ: AMZN)'s $13.7 billion acquisition of organic grocer chain Whole Foods Market, Inc. (NASDAQ: WFM), if approved, has the potential to drastically change the dynamics of not only Amazon's business but the entire grocery sector. Within a few hours of the deal announcement,...

Grocery stocks are getting destroyed on Thursday, led by Kroger Co (NYSE: KR)'s poor outlook and a downgrade of Sprouts Farmers Market Inc (NASDAQ: SFM) after a 30-percent gain in 2017. Investors looking to take advantage of the weakness may want to reconsider as the biggest tailwind to the group...

The food industry is facing a deflationary environment, weighing on supermarket chain Kroger Co (NYSE: KR)'s stock price over the past three months. Shares have fallen nearly 14 percent over the past 90 days.   According to recent CPI Food-at-Home data, grocery-level deflation...

The U.S. Department of Agriculture (USDA) is looking for a retail grocer volunteer to perform a two-year grocery delivery pilot test as part of its Supplemental Nutrition Assistance Program (SNAP). The pilot program is mandated by the 2014 Farm Bill and is intended to test the viability of allowing...

Two specialty retailers are expected to report their latest quarterly results this week. Consensus forecasts call for modest earnings growth from both companies. But only one of them has exceeded expectations in the past few quarters. The parade of quarterly results from the big retailers begins...

Consumers are becoming increasingly more focused on the food they ingest and the products they use. The public has become more interested in healthy foods and locally made products, making it substantially more crucial for firms to give their customers information about what their products are made...

Remember when you could buy groceries for your family for less than $100? Now, you’re probably happy if you get out there for less than $200. Economists call it food inflation—you call it wallet-busting. We scoured the internet and put together a list of ways to save on groceries. If you have a...

Discount retailer Dollar General (NYSE: DG) has thrown its low-price hat into the grocery ring; by challenging the supermarkets and big-box retailers in the produce business. The Tennessee-based company opened its 11,000th store this past October. And, according to The Tampa Tribune, DG has...

The Toronto Star reported Wednesday that after a self-admitted “underwhelming” rollout in Canada, Target (NYSE: TGT) said it planned to spend the next year trying to change the shopping habits of customers north of the border to more closely match those of its U.S. neighbors. Specifically, what...