Walmart Inc. is building a high-speed grocery warehouse to solidify its position as the nation’s biggest grocer. The new distribution center in Shafter, Calif. — halfway between Los Angeles and Fresno — is set to open in the fall of 2020 and will move products in and out 40% faster [...]
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Instacart’s new $7 billion valuation is a bet on the future of grocery delivery — not a wager against Amazon
As Amazon has ramped up its Whole Foods grocery delivery service to 48 cities across the U.S., a common narrative has followed: The Seattle e-commerce giant will dominate in the grocery industry as it has done in other categories of online retail. But some investors continue to bet that there’s [...]
A wave of fast-food worker protests and strikes, led by the Fight for $15, unfolded across the country two weeks ago. But more than just fighting for a raise, the movement has an additional goal, though their name doesn’t suggest it,: winning unions. Specifically, getting unions at low-wage employers; the [...]
Walmart could soon pay $65 million in a 9-year-old class action lawsuit over its lack of seating for cashiers. Nisha Brown brought the suit in 2009, according to the Los Angeles Times, and 100,000 current and former California Walmart cashiers are eligible to receive part of the payout. The onetime [...]
Walgreens is changing the benefits it offers employees and eliminating health insurance for most of its eligible retirees, just months after announcing it would boost hourly wages for store employees. Starting in 2019, employees of the drugstore chain won't qualify for paid time off unless they work at least 30 [...]
Ridesharing company Uber is considering getting back into the grocery delivery game. CEO Dara Khosrowshahi said that due to the company’s success in the delivery of food, which reached $6 billion in bookings earlier this year, it makes sense to take another look at the grocery market. “With Eats, we’re [...]
The era of giant pharmacy managers that brokered prices between drug companies and insurers and employers has been upended, now that the $69 billion merger between CVS Health and Aetna, a big health insurer, has been approved by the Justice Department. The merger can go ahead as long as Aetna [...]
Kroger could end up owning a big slice of the online grocery business—but it’ll cost them. That’s the take from Deutsche Bank , which on Tuesday downgraded Kroger to Sell from Hold, setting a $24 price target on the stock—14% below current levels and 11% off the average call among [...]
Inside a long, white building in White Center, an elderly woman examined a series of oranges before placing each one in her cart. A few feet away, a man looked over a large shelf of bread, with a sign that read, “Fresh Baked,” while a woman behind him perused the [...]
When I was home with two babies, my favorite person in the whole wide world was the Peapod guy. Not only did he bring me sustenance, he carried all the groceries (usually, a three-figure bill’s worth) up the stairs to my second-floor apartment, all the way into the kitchen. I [...]