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United Natural Foods Sells 13 Stores, Will Close Another 4
Monday, December 9, 2019 - 1:07pm | 310Read More...Food wholesaler and grocery store operator United Natural Foods Inc (NYSE: UNFI) said Friday that it will sell 13 of its Shoppers Food & Pharmacy stores and close another four stores. United Natural Sells Stores United Natural said it will sell 12 stores in Maryland and another in...
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3 Analysts Debate Kroger's Stock Following Q3 Earnings
Friday, December 6, 2019 - 11:28am | 596Read More...Kroger Co (NYSE: KR) reported Thursday third-quarter resultsthat fell short of expectations. Kroger reported quarterly earnings of 47 cents per share, which missed the analyst consensus estimate by a penny. The company reported quarterly sales of $27.974 billion, which missed the analyst consensus...
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Today's Pickup: A Race To The Bottom In E-Grocery Delivery; Stylish Delivery Robots; Using The Bathroom While You Work At UP
Monday, November 25, 2019 - 3:00pm | 803Read More...Good day, The push to dominate the nascent e-grocery delivery market has, in some markets, spawned a "race to the bottom" that is hurting the bigger players and crushing smaller grocers, according to Enrique Dans, a professor at Spain's International University. Writing in Forbes, Dans professes...
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Kroger Added Too Much To Its Cart, Will Slowdown 'Restock Kroger' Plans
Thursday, November 21, 2019 - 3:24pm | 388Read More...Kroger Co (NYSE: KR) will slow down its "Restock Kroger" plan after realizing it calls for too much at once, The Wall Street Journal reported. As part of the 2017 "Restock Kroger" plan, the grocer set out to renovate stores and introduce new products to better help support sales...
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How Walmart Is Changing The Produce Shopping Experience
Thursday, November 21, 2019 - 10:24am | 375Read More...Walmart Inc (NYSE: WMT) EVP and head of Walmart U.S. Food Charles Redfield took a look back at the company's produce business in a blog post and offered a vision what customers can expect next. What Walmart Did To Improve The Experience Walmart set out on a mission a few years ago to focus on...
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'Hey Siri, Buy My Groceries At Walmart' Is Now A Real Thing
Thursday, November 14, 2019 - 3:46pm | 366Read More...Walmart Inc (NYSE: WMT) shoppers can now dictate their grocery orders through Apple Inc. (NASDAQ: AAPL) devices. What Happened Walmart said in Monday it reached an agreement with Apple to bring Walmart Voice Order functionality to Siri. Customers can now speak an order outlook and add items to...
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2 Grocery Outlet Analysts Remain Sidelined Despite Praising Q3 Print
Tuesday, November 12, 2019 - 4:48pm | 442Read More...Two Grocery Outlet Holding Corp (NASDAQ: GO) analysts had plenty of praise for the extreme value grocery chain's third-quarter report, but fell short of recommending the stock to investors. The Analysts UBS analyst Michael Lasser maintains a Neutral rating on Grocery Outlet with...
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Is Amazon Doubling Down On Groceries With Second Brand?
Monday, November 11, 2019 - 1:56pm | 324Read More...Amazon.com, Inc. (NASDAQ: AMZN) confirmed Monday it plans on opening a second brand of grocery stores. What Happened Amazon's new initiative was brought into the public light after the company published new job postings for a grocery store in Woodland Hills, California, according to CNET. A...
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Onfleet And Mi9 Partner To Optimize Grocery E-Commerce Delivery Software
Tuesday, September 17, 2019 - 4:24pm | 324Read More...Onfleet, a last-mile delivery software management provider, has partnered with Mi9 Retail, a provider of retail commerce solutions, to build a comprehensive grocery e-commerce and last-mile delivery software platform. The partnership was announced on Sept. 16 at GroceryShop, a grocery and...
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The Street Reacts To Kroger's Q2 With Mixed Takeaways
Friday, September 13, 2019 - 11:50am | 679Read More...Kroger Co (NYSE: KR) reported second-quarter results that came in better than expected. The earnings beat may have been overshadowed by management's decision to remove its prior guidance of $400 million in incremental EBIT by fiscal 2021. Q2 A Mix Of Positives And Negatives Kroger's...
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Walmart Strikes Back In Grocery Battle With Unlimited Shipping Initiative
Thursday, September 12, 2019 - 10:40am | 354Read More...Retail giant Walmart Inc (NYSE: WMT) announced a new initiative Thursday in which it will offer unlimited grocery deliveries to customers for $98 a year. What Happened Walmart has been testing a grocery delivery business in four markets this year, and the program's success...
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Kroger Moves In On 'Very Strong' Meatless Opportunity With Private Label Offering
Thursday, September 5, 2019 - 2:15pm | 498Read More...Grocery retailer Kroger Co (NYSE: KR) is the latest company to enter the meat alternative space with a large lineup of unique and new food items, following popular Beyond Meat (NASDAQ: BYND) and a slew of competitors. What Happened Kroger said Thursday it will sell a new line of branded plant-...
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Bernstein: How Kroger Could See Activist Involvement
Wednesday, September 4, 2019 - 2:21pm | 345Read More...Grocery chain Kroger Co (NYSE: KR) is scheduled to report second-quarter results Sept. 12, and a poor performance could result in an activist investor taking interest in the name, according to Bernstein. The Analyst Brandon Fletcher maintained an Outperform rating on Kroger. The Thesis...
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Whole Foods CEO Says Grocer Launched Beyond Meat, Even Though It's 'Highly Processed'
Thursday, August 22, 2019 - 10:54am | 426Read More...Organic grocery chain Whole Foods played a vital role in bringing Beyond Meat Inc (NASDAQ: BYND) products to the mass market, John Mackey, co-founder and CEO of Whole Foods, said during a recent CNBC "Make It" segment. What Happened Whole Foods, now owned by Amazon.com, Inc. (NASDAQ: AMZN...
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Report: Cold Breakfast Wars Are Heating Up
Tuesday, August 20, 2019 - 4:48pm | 455Read More...At a time when consumers are opting for less sugar and more healthy options, The Wall Street Journal reports cereal makers are battling harder than ever to support sales. What Happened General Mills, Inc. (NYSE: GIS), the maker of Cheerios and Wheaties, has seen zero growth in cereal sales over the...
















