Walmart’s planned investment in TikTok is being called “transformative.” Another analyst predicted the deal could “redefine retail” across the industry. “It is a bigger-picture opportunity,” said Oliver Chen, a retail analyst at Cowen. Known for its homogeneous big-box stores in rural and suburban America, Walmart has turned more than a [...]
Kroger Co. was downgraded to neutral from buy at Bank of America with analysts citing intensifying competition with other mass grocers. Bank of America moved its price objective to $40 from $42. Grocers have seen sales soar during the coronavirus pandemic as more customers, who are working, schooling and spending [...]
Mercatus, a leading provider in digital commerce solutions for grocery retail, today announced findings published in “eGrocery’s New Reality: The Pandemic’s Lasting Impact on U.S. Grocery Shopping Behavior,” a survey of nearly 60,000 American shoppers across every region in the country conducted in collaboration with research and insights firm Incisiv. [...]
The Kroger Co.’s Dallas division and United Food and Commercial Workers (UFCW) Local 1000 have reached a new collective bargaining agreement. Kroger announced contract ratification late yesterday. The agreement with UFCW 1000 covers over 11,000 associates in the division, which is based in Coppell, Texas. UFCW 1000, whose members work [...]
Federal regulators knew about serious safety problems in dozens of the nation’s meat plants that became deadly coronavirus hot spots this spring but took six months to take action, recently citing two plants and finally requiring changes to protect workers. The financial penalties for a Smithfield Foods plant in South [...]
After spending seven weeks isolated in my bedroom sick with COVID-19, I stood in front of the Ralphs grocery store where I work, bracing to return. It took me about five minutes to make the decision to cross the threshold and go back to work. I wasn’t sure I could [...]
Amazon will open a grocery store in vacated space leased from a downsized Kohl’s store in La Verne, California, according to a report from the Milwaukee Business Journal. The store would likely be under the Amazon Fresh banner, which is expected to roll out multiple locations in the coming months. [...]
The president of the United Food and Commercial Workers International Union (UFCW) says grocery stores should be kicking out shoppers who refuse to put on a mask. Marc Perrone spoke with CBS MoneyWatch about how the virus is affecting food and other essential workers. "I don't think that our workers ought to [...]
When the coronavirus hit, even the most enthusiastic cooks had to adjust to a new, more complicated relationship with their kitchens. For the first time in a generation, Americans began spending more money at the supermarket than at places where someone else made the food. Grocers saw eight years of [...]
Despite being a nascent and still federally illegal operation, most states deemed cannabis companies and ancillary services as essential businesses when COVID-19 hit the U.S. Since that time, consumer demand has sustained – if not grown – and patients have been able to continue getting their medicine. Now, the legal [...]