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Tag: The Kroger Co

Walmart to trial driverless grocery deliveries in Texas

SOPA Images | LightRocket | Getty Images Grocery giant Walmart is to pilot the autonomous delivery of groceries in Houston, Texas. The trial is being carried out using technology from Nuro, an autonomous vehicle firm. In a blog post on the Medium website Tuesday, Nuro said the trial would use electric, self-driving vehicles to deliver …

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Kroger and Walgreens want to buy products together to cut supply costs

Kroger and Walgreens have been working together since 2018 on various pilot tests. Source: Kroger Kroger and Walgreens Boots Alliance are teaming up to cut costs by sourcing more merchandise together. With what they call the Retail Procurement Alliance, the chain retailers will look for overlaps in the products they are receiving so that they can …

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Walmart is a grocery powerhouse — and it still has room to run

A man pushes his shopping cart past bread for sale at a Walmart Supercenter store in Rosemead, California on May 23, 2019. Frederic J. Brown | AFP | Getty Images Walmart just proved it’s a grocery powerhouse. And it still has plenty of room to run. The big-box retailer’s strong food business has been a …

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P&G CFO Jon Moeller says it’s in a ‘much better place’ to withstand recession

Procter & Gamble CFO Jon Moeller doesn’t see any signs the U.S. consumer is slowing, but that can change “pretty quickly,” he acknowledged in the company’s fiscal first-quarter earnings call. If it does, the company is ready. “We are better positioned for several reasons to deal with [an economic] downturn than we were in 2007,” …

P&G CFO Jon Moeller says it’s in a ‘much better place’ to withstand recessionRead More

Grocery sales are rising but so is the pressure on profits, analyst says

Woman shops for groceries. Twenty20 Walmart continues to lead the U.S. grocery sector, but the gap with its rivals is narrowing, and pressure on profits is rising, according to a new report from Loop Capital Markets. Walmart has a 22% share of the $847 billion U.S. grocery industry, according to analyst Andrew Wolf. The retailer’s …

Grocery sales are rising but so is the pressure on profits, analyst saysRead More

Kroger is downgraded after a mulityear mistake, Jefferies says

An employee pushes grocery carts outside a Kroger Co. grocery store in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Kroger was downgraded by Jefferies to hold from buy due to what it believes was a key mistake: investing in centralized fulfillment centers instead of micro-fulfillment. Kroger should be following Walmart’s lead, Jefferies analyst …

Kroger is downgraded after a mulityear mistake, Jefferies saysRead More