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Kroger exits Lucky’s Market investment

Kroger has divested its stake in Lucky’s Market after three years, the Cincinnati-based grocer announced Wednesday. The move incurred a non-cash impairment charge of $238 million in the third quarter, with Kroger responsible for $131 million of that charge. CEO Rodney McMullen said the decision followed a review of the [...]

2019-12-12T00:29:45+00:00December 12th, 2019|Tags: , |

Chasing Amazon, Retailers Are in a Never-Ending Arms Race

Retailers are trying everything they can to keep up with Amazon. Macy’s offers same-day delivery and in-store returns for online purchases. Black Friday deals are already starting at Kohl’s. And craft cocktails are served in the women’s shoe department at Nordstrom. By one measure, these strategies are working. After years [...]

2019-11-26T16:48:56+00:00November 26th, 2019|Tags: , |

Amazon Is Planning to Open Cashierless Supermarkets Next Year

Amazon.com Inc. is preparing to open Amazon Go supermarkets and pop-up stores, an expansion of the company’s cashierless ambitions that includes the possibility of licensing the technology to other retailers. The new store formats and licensing initiative could launch as soon as the first quarter of 2020, according to a person [...]

2019-11-26T16:45:54+00:00November 26th, 2019|Tags: |

Innovation in Grocery Retail: Lessons From Leaders

For most consumers, the process of grocery shopping has remained largely the same over the last few decades. There are exceptions of course, like the implementation of card readers and self-checkout kiosks aimed at improving the point of sale or the introduction of mobile phone loyalty apps, but widespread advancements [...]

2019-11-21T21:48:09+00:00November 21st, 2019|Tags: |

Ocado wages a grocery war against Amazon, Walmart and Alibaba

Panic is sweeping through supermarket aisles. Profits are meagre, convenience is king, discounters are rife. Even Amazon, Walmart and Alibaba, the worldʼs three biggest retailers, are trembling. No one has fully mastered the art of selling groceries online. The business represents just 2.3%, or $160bn, of a worldwide grocery market [...]

2019-11-19T23:34:40+00:00November 19th, 2019|Tags: , , , |