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Instacart Launches Pilot Delivery Of Costco Prescriptions
Saturday, April 18, 2020 - 1:55pm | 293Grocery delivery platform Instacart said Thursday that it will expand its partnership to deliver prescriptions to Costco Wholesale Corporation's (NASDAQ: COST) customers. Instacart Prescriptions Kick Off In California, Washington Instacart's pilot program will deliver prescriptions and...
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Walmart Shifts Pickup Strategy To Cater To SNAP, At Risk Customers
Wednesday, April 15, 2020 - 2:51pm | 348Walmart Inc (NYSE: WMT) is taking steps to make it easier for SNAP customers and those at risk to pick up groceries. SNAP Benefits Walmart will offer flexible payment options to customers participating in the Supplemental Nutrition Assistance Program (SNAP). The company is working with the U....
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FreshDirect Founder Says Online Grocery Shopping Has Doubled In Popularity
Tuesday, April 14, 2020 - 4:15pm | 451Prior to the coronavirus outbreak, only 13% of the U.S. population was buying groceries online, and this figure has more than doubled to north of 30%, FreshDirect founder and former CEO Jason Ackerman said on CNBC's "Squawk Alley." Ackerman: Grocery Delivery A Trade-Off During...
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Food News Roundup: Kroger, Instacart Announce Updates, Subway Doubles As Grocery Store
Wednesday, April 8, 2020 - 4:35pm | 464Grocery giant Kroger Co (NYSE: KR) and third-party delivery platform Instacart each announced updates this week on how they're navigating the coronavirus pandemic. Kroger Leverages Tech System Kroger announced that as of Tuesday it will use technology to limit the number of customers...
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For Walmart And Amazon's Grocery Businesses, The Pressure Is On
Tuesday, April 7, 2020 - 3:45pm | 378RBC's first-hand checks and surveys point to Walmart Inc's (NYSE: WMT) grocery business gaining market share in the current environment, but it merely marks an acceleration of prior trends, according to Mark Mahaney. What To Know Walmart's online grocery business is clearly a "...
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PreMarket Prep Stock Of The Day: Kroger
Wednesday, April 1, 2020 - 2:12pm | 768Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
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Instacart Employees Ready To Strike After 'Insulting' Proposal
Monday, March 30, 2020 - 1:40pm | 363Instacart's gig-workers appear to be set on striking after declaring the company's proposals to be "insulting" and "a sick joke," the Gig Workers Collective & Instacart Shoppers group wrote in a Medium post. What Instacart Workers Want Instacart's...
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A Brief Look At Online Grocery Trends Amid The Coronavirus
Friday, March 27, 2020 - 3:50pm | 288The coronavirus has forced many people to embrace online grocery shopping options and this trend will help spur overall e-commerce growth amid the coronavirus pandemic and related "stay at home measures," Loup Ventures Andrew Murphy and Will Thompson wrote in a blog post. Loup Ventures...
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Online Grocers Struggle To Keep Up With Demand Amid Coronavirus
Monday, March 16, 2020 - 4:15pm | 332The ongoing spread of the coronavirus across the U.S. presents a new challenge for online grocers of all sizes. What Happened Surging demand for online grocery orders is causing platforms like Whole Foods to experience technical difficulties, Grocery Dive reported. The Amazon.com, Inc. (NASDAQ:...
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A Look At Albertsons Pending IPO
Tuesday, March 10, 2020 - 11:12am | 374Grocery chain Albertsons Companies confirmed filed a registration statement last week to become a publicly listed company, marking its third attempt to do so in the past five years. What To Know Albertsons' most recent attempt to become public occurred in 2018 when its merger with pharmacy...
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New Fresh Market CEO A Pro In Turnarounds, Says Grocery Dive Report
Thursday, March 5, 2020 - 2:45pm | 402Specialty grocery chain The Fresh Market appointed Jason Potter as CEO effective March 2. The executive boasts extensive experience to turn around the formerly public company, which was acquired by Apollo Global Management in 2016. The Fresh Market's New CEO Potter brings more than three...
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The Street's Mixed Reaction To Buffett's $550M Kroger Bet
Wednesday, February 19, 2020 - 12:52pm | 519Legendary investor Warren Buffett and his Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) disclosed a $549.1-million stake in grocery chain Kroger Co (NYSE: KR) but not all Street analysts are convinced it's a wise investment. What Happened Shares of Kroger inched higher Friday after...
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Early Reactions To Walmart's Q4 Miss: 'Not Surprising'
Tuesday, February 18, 2020 - 2:44pm | 558Retail giant Walmart Inc (NYSE: WMT) reported Tuesday with fourth-quarter results that fell shy of expectations. The stock erased its premarket losses and was trading in the green by the afternoon. Walmart CEO: What's Next For 2020 Walmart's outlook for 2020 includes no...
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Study: 'Instacart Effect' Created Tens Of Thousands Of New Jobs, Hundreds Of Millions In New Revenue
Friday, February 14, 2020 - 3:25pm | 428Online grocery same-day delivery and pickup platform Instacart helped the grocery industry create 23,000 new jobs and $620 million in incremental revenue across just four states, according to a study by Dr. Robert Kulick of NERA Economic Consulting. What Happened Instacart's online platform...
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Kroger Gets Into The Podcast Business, Announces 5 Food Trends For 2020
Monday, January 27, 2020 - 12:59pm | 400Grocery chain Kroger Co (NYSE: KR) announced last week it will host a podcast hosted by cookbook author and TV personality Danielle Kartes. Kroger's (NYSE: KR) Podcast Kroger's podcast is titled "Noshtalgia" and will focus on sharing food memories and provide listeners with a...