Grocery

One 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...

January 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...

Just 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...

Just 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...

Fiscal 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...

Kroger 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...

Residents 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....

Albertsons 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...

Grocery 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...

Investors 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...

Grocery 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...

Investors 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...

Costco 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...

Southeastern 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...

The 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...