Take note of this moment. This is a tipping point for online grocery shopping in the U.S. Food and beverage retail is one of the largest categories of consumer spending, accounting for yearly sales of $800 billion or more in the U.S. And it has been stubbornly immune to e-commerce. Last year, Kantar [...]
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Watch out, Walmart and Weight Watchers — Blue Apron, one of the original meal kit delivery services, is now getting in on the in-store action. The company, which delivers pre-portioned ingredients and recipe boxes to customers' doorsteps via an online subscription, announced Thursday that it will be releasing a line [...]
Walmart Inc’s online grocery delivery is just about ready for prime time. The retailer, which is also the largest U.S. grocer, said on Wednesday it was expanding the service to a total of 100 metropolitan areas by the end of the year, up from six currently, a push it says will [...]
Grocery stores would love to raise prices on food this year, especially after they lowered them last year and the year before in a price war that pinched their profits. Prices are rising for the raw materials that go into packaged food — for ingredients like grains and meats — [...]
A federal judge on Friday ordered Walgreen Co to face most of a proposed class action lawsuit accusing the drugstore chain of fraudulently overcharging customers for a decade when they bought generic drugs through private insurance, Medicare or Medicaid. Walgreen was accused of wrongly requiring insured customers to pay more [...]
The healthcare industry is consolidating in a series of head-snapping deals. But like many of the recent multibillion-dollar combinations, it’s not clear whether the just-announced $52-billion merger of Cigna Corp. and Express Scripts Holding Co. will deliver lower premiums or cheaper drugs for consumers. On Thursday, health insurance giant Cigna [...]
Americans are starting to shop more like Europeans — and that should terrify Frito-Lay, Coca-Cola, and Kraft
Aggressive retail expansion over the past 10 years and increased consumer access to online grocery options have led shoppers to have more choices than ever before — and it’s contributing to a “new retail revolution.” According to a recent Nielson report, private label products created for stores like Aldi, Lidl [...]
Kroger and the United Food and Commercial Workers Union Local 75 announced a new contract Friday that will boost starting pay in Greater Cincinnati, Northern Kentucky and Dayton. The three-year deal is the first contract ratified under “Restock Kroger,” Kroger’s plan to turn itself around in the wake of intensified competition [...]
America’s latest grocery disruptor? It’s the Salvation Army. Baltimore today got the country’s inaugural location of DMG Foods (after the nonprofit’s motto, “Doing the Most Good”). Called the first-ever national nonprofit grocery chain, the goal is to bring good food to low-income residents in the country’s food deserts, nutrition-poor areas [...]
Supermarket heavyweight Kroger matched earnings expectations Thursday and topped revenue forecasts, but gave cautious profit guidance amid increasing competition in groceries. Estimates: Profit growth of 19% to 63 cents a share on 12% revenue gains to $30.83 billion. Consensus Metrix sees same-store sales growth of 4.8%, including fuel, and comps of 1.4% excluding [...]