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Albertsons Unveils Prime-Like Grocery Delivery Subscription
Monday, August 16, 2021 - 2:54pm | 906One company is seeking to turn grocery shopping from an errand to an activity. Food and drug retailer Albertsons Cos. (NYSE: ACI) announced on Monday an overhaul of its digital segment, unveiling three new offerings to its suite of digital services, including FreshPass, a subscription service that...
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Walmart Reigns In Grocery Delivery Wars, But Instacart Is Pushing Hard
Friday, July 23, 2021 - 2:57pm | 1150January was the peak sales month for online grocery sales, reaching $9.3 billion during the month, according to a Brick Meets Click/Mercatus Grocery Shopping Survey conducted Jan. 28-31. Sales in February started to fall, dropping 14% to $8 billion, and have remained on a slow decline since, as...
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3 Months After Launch, Grocery Platform JOKR Raises $170M
Tuesday, July 20, 2021 - 11:21am | 1164Just three months after its global launch, last-mile grocery and retail delivery platform JOKR has raised $170 million in a Series A investment round led by GGV Capital, Balderton Capital and Tiger Global Management. The round was joined by Activant Capital, Greycroft, Fabrice Grinda's FJ Labs, as...
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Uber Rolling Out Same-Day, On-Demand Grocery Delivery In 400 Cities
Monday, July 19, 2021 - 4:11pm | 841Just when you thought Uber Technologies Inc. (NYSE: UBER) had perhaps put too many eggs in its basket, it's putting eggs in consumers' baskets – straight from the grocery store. The company on Monday announced its largest grocery expansion since launching in July 2020, with the company's same-day...
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BofA Downgrades Conagra Brands On Challenging Year Ahead
Wednesday, July 14, 2021 - 1:01pm | 251Fiscal 2022 is likely to be a transition year for Conagra Brands Inc (NYSE: CAG), as management takes action to combat inflation, against tough COVID-19-related volume comparisons, according to BofA Securities. The Conagra Brands Analyst: Bryan Spillane downgraded the rating for Conagra Brands from...
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Kroger Partnering With KNAPP To Automate Great Lakes Distribution Center
Wednesday, July 7, 2021 - 12:29pm | 722Kroger Co., (NYSE: KR) America's largest grocery retailer, announced Tuesday that it has entered into an agreement with KNAPP, one of the world's largest innovators in the intelligent automation space, to overhaul its Great Lakes Distribution Center in Delaware, Ohio. Amy McCormick, Kroger's...
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15-Minute Grocery Delivery Is Real – And In New York, It's Free
Thursday, June 3, 2021 - 11:20am | 1032Residents of select New York City neighborhoods may feel like they are dreaming, but 15-minute grocery delivery has arrived. JOKR, which has already launched in Mexico City, Lima, Peru, and Sao Paulo, makes its official debut Thursday in the New York boroughs of Manhattan, Brooklyn and Queens....
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Albertsons Taps Google To 'Reinvent The Future Of Grocery Shopping'
Tuesday, March 30, 2021 - 12:20pm | 480Albertsons Companies Inc (NYSE: ACI) announced Tuesday morning a new partnership with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) to "reinvent the future of shopping." What Happened: Albertsons and Google entered into a new multi-year partnership that leverages Albertsons' 2,253...
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Kroger CEO Talks 2021 Outlook: Consumers Are Loving Family Dinner Time
Friday, March 5, 2021 - 1:41pm | 383Grocery chain Kroger Co (NYSE: KR) reported Thursday morning its fourth-quarter results with management confident enough that recent trends will continue in 2021, offering it an optimistic outlook, Kroger CEO Rodney McMullen said Thursday on CNBC's "Closing Bell." Confidence...
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Here's How Much Investing $1,000 In Costco Stock 5 Years Ago Would Be Worth Today
Thursday, March 4, 2021 - 3:00pm | 547Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return in the past five years is 116.7%. But there is no question some big-name stocks performed better than others along the way. Costco’s Big Run: One...
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BofA Turns Bearish On Kroger Ahead Of Tough Comparisons
Tuesday, February 23, 2021 - 1:41pm | 291Grocery chain Kroger Co (NYSE: KR) faces difficult comparisons ahead and the stock's valuation could be pressured by negative identical sales in fiscal 2022. The Kroger Analyst: BofA Securities analyst Robert Ohmes downgraded Kroger's stock from Neutral to Underperform with a price...
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$1,000, 5 Years Later: Walmart Stock A Beacon For Investors
Wednesday, February 17, 2021 - 7:46pm | 536Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return in the past five years is 131.9%. But there is no question some big-name stocks performed better than others along the way. Walmart’s Big Run: One...
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Costco Finally Joins Curbside Pickup Trend With Pilot Program
Monday, January 25, 2021 - 11:11am | 496Costco Wholesale Corporation (NASDAQ: COST) is joining the grocery curbside pickup trend with a pilot program at a few stores in New Mexico. What Happened: According to Costco's New Mexico webpage, consumers can place orders for curbside pickup at three Albuquerque, New Mexico...
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Southeastern Grocers Files For IPO: What Investors Need To Know
Friday, January 22, 2021 - 1:06pm | 462Southeastern Grocers announced Thursday its intent to offer 8.9 million shares of its common stock as part of an initial public offering. IPO Details: Existing Southeastern Grocers stockholders will sell 8.9 million shares to the public at a price between $14 and $16 per share. The company...
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How Grocery Data Shows A Sector Approaching Full Recovery
Thursday, January 21, 2021 - 11:33am | 265The grocery sector was among the first segments to see a surge in demand in the early stages of the COVID-19 pandemic and ended 2020 within 1% of 2019 visit levels, according to foot traffic analytics firm Placer.ai. What Happened: Grocery store visits in the first quarter of 2020 were up 4.6% year...