The Kroger Co (NYSE: KR ) shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $37 to $31. Full story available on Benzinga.com
The return of restaurants and rising food prices should put pressure on supermarket stocks in the months ahead, Goldman Sachs said in a note to clients on Tuesday.
Kroger and Drone Express will test a program that will enable customers to buy bundled groceries up to five pounds and have them delivered via drones.
Kroger is the latest retailer to begin testing deliveries of online orders via autonomous drones. Top line On Monday, the grocery store chain announced it has partnered with drone delivery company Drone Express to test deliveries in Centerville, Ohio. The flights, which begin this week, will be managed by licensed pilots based in a trailer…
Kroger Co. (NYSE: KR ) has teamed with Drone Express, a division of Telegrid Technologies Inc., on a pilot program to offer groceries delivery by autonomous drones. Look, Up In The Sky! The pilot program will be conducted this week near the Kroger Marketplace in Centerville, Ohio, with Drone Express pilots operating their flying grocery delivery vehicles from both an on-site trailer and an off-site center. If all goes well, drone deliveries from that supermarket will commence later this spring. A second pilot program is scheduled this summer in California with a grocery store belonging to Kroger’s subsidiary, Ralphs. Although the drone deliveries come with a five-pound weight limit, Kroger insisted its flying deliveries represent … Full story available on Benzinga.com
Kroger is testing drone delivery technology smart enough to deliver barbeque sauce to your doorstep or your neighborhood cookout.
Summary List Placement Walmart's not the only retail giant in town anymore. In fact, one market research study found that Amazon is on track to overtake its Arkansas-based competitor in terms of gross market value within the next few years. A study from Edge by Ascential calculated that Amazon's gross market value will reach $631.6 billion by 2025, a compound annual growth rate (CAGR) of 14% between 2020 and 2025. That means that the digitally native powerhouse is set to eclipse Walmart as the largest retailer in the United States. Walmart's gross market value is slated to rise to $523.3 billion by 2025, a CAGR of 3.9%. As a brick-and-mortar native, Walmart has long trailed behind Amazon in terms of its e-commerce capabilities. In fact, Walmart started an overhaul of its online capabilities — known internally as Project Glass — to improve its digital fulfillment performance. Still, the company has leveraged its huge physical footprint to become a major contender in terms of online sales.
Ocado's warehouses are run by super-efficient robots, and it's licensing the technology to grocers including Kroger, Casino and Coles.
Kroger, Target, and Walmart are optimizing their delivery and fulfillment strategies to compete with Amazon19 Apr, 14:48, Business Insider • Développer
Kroger, Target, and Walmart each introduced new initiatives to enable more efficient fulfillment and faster delivery. Here's what you need to know: Kroger unveiled its first customer fulfillment center ( CFC ) in partnership with retail technology firm Ocado. Located in Monroe, Ohio, the 375,000-square-foot CFC contains more than 1,000 robots that pick, sort, and pack customers' orders ahead of their delivery times. The facility leverages Ocado's robotics, artificial intelligence, and automation technology. Ocado plans to open more Kroger CFCs throughout the US and will bring its software solutions to Kroger locations to enhance in-store fulfillment and curbside pickup. Target is leveraging its tech and delivery firms to test a strategy for optimizing fulfillment and delivery. The new approach is being piloted in Minneapolis, Minnesota, and will begin with in-store Target employees picking and packing orders that are then transferred to a sorting facility throughout the day. From there, Target uses technology from Grand Junction and Deliv to group packages by the most efficient delivery routes, which are then picked up by Shipt workers for same-day delivery.
Grocery giant Ocado dismisses threat of 10-minute delivery startups as it pours $13.8 million into autonomous driving company17 Apr, 08:01, Business Insider • Développer
Summary List Placement Grocery tech logistics firm Ocado has insisted that delivery startups promising 10-minute deliveries will pose no long-term competitive risk. The British company, which is best known for its joint venture with Marks and Spencer, claims the range of apps that offer to either pick up groceries from a local retailer or deliver them from hyperlocal microhubs will falter beyond the pandemic. European tech investors have bet big that the grocery industry is ripe for disruption with more than $687.5 million invested into the sector last year. Ocado chief of advanced technology Alex Harvey said there are some "big differences" between the startups and his 20-year old behemoth. "I think with the lockdowns and COVID-19, it has really enabled these very small startups to thrive," he said in an interview with Insider. Harvey added, referring specifically to startups that take a commission from bigger grocers: "But I don't think they will thrive long-term because they don't have the kind of long-term proposition that really enables retailers … and they are taking so much margin from retailers there's nothing left." Harvey said the surge in startups trying to muscle into the grocery sector was "great" for Ocado because it "validates the importance of the market". "But I don't think they really pose a long-term, sort of competitive risk for Ocado." He was speaking after the company unveiled a £10 million ($13.8 million) investment in self-driving company Oxbotica.
Kroger wants to sell you more groceries online. And to do that, it's banking on a strategy that's drawing some skepticism on Wall Street.
A Las Vegas hotel says employees must either get vaccinated or undergo weekly COVID-19 testing at their own expense13 Apr, 16:51, Business Insider • Développer
Summary List Placement Wynn Resorts and Encore has announced that its Las Vegas employees must receive the COVID-19 vaccine or undergo a weekly COVID-19 test. But employees who opt for the latter must pay out of pocket if they want to use Wynn's on-site testing lab. Right now, about 60% of Wynn Las Vegas workers are already vaccinated, according to a note from the resort. By implementing a sweeping vaccine and testing policy, Matt Maddox, CEO of Wynn Resorts, hopes Wynn will become "one of the safest vacation destinations in the US," Maddox said in a statement. The hotel currently has a Lighthouse COVID-19 Testing Lab on-site, giving employees easy access to a COVID test if they opt out of the vaccine. However, each test will set an employee back $15, and those who don't want to pay this fee will have to go elsewhere for a test (which is being provided for free by the state ). Crowds at the tourist hotspot have been picking up over the last few weeks as more people receive the vaccine and the state continues to ease virus-related restrictions, according to local reports .
MyPillow CEO Mike Lindell says Costco has pulled his products. It's the second-largest retailer to cut ties with him.↳ 09:31, Business Insider • Développer
Summary List Placement Costco is the latest retailer to cut ties with MyPillow , according to the pillow company's CEO, Mike Lindell. The big-box store stopped stocking MyPillow's products without telling the pillow company about the decision, Lindell told Insider in a phone interview Monday. Major retailers have been severing ties with MyPillow after Lindell, a staunch ally of former president Donald Trump, spread voter-fraud conspiracy theories . Some of them have cited slow sales. Costco is the second-largest retailer, behind Kroger, to stop selling MyPillow products. Costco sold out its MyPillow inventory and then stopped ordering new shipments, Lindell told Insider. He blamed the move on "cancel culture." Insider reported on Saturday that MyPillow's products had disappeared from Costco's site . At the time, the company wouldn't say whether it had pulled the brand. Costco did not immediately respond to a request for comment on Tuesday. Read more: The MyPillow guy says God helped him beat a crack addiction to build a multimillion-dollar empire.
Summary List Placement Domino's will start delivering pizzas with autonomous self-driving robots from Nuro , the companies announced. The program will be available to certain customers in Houston, Texas using Nuro's R2, the first autonomous on-road delivery vehicle approved by the US Department of Transportation. Customers can order pizza online and opt to receive their delivery through Nuro. Then, they'll get texts with information about the vehicle's location and a PIN to enter on the touchscreen and get their pizza. Read more: Chipotle's chief technology officer reveals the chain's strategy for deploying Nuro's autonomous vehicles for burrito-bowl deliveries and more Domino's senior vice president and chief innovation officer Dennis Maloney says Nuro is part of the evolution of delivery. "This program will allow us to better understand how customers respond to the deliveries, how they interact with the robot and how it affects store operations," Maloney said in a statement. "The growing demand for great-tasting pizza creates the need for more deliveries, and we look forward to seeing how autonomous delivery can work along with Domino's existing delivery experts to better support the customers' needs." Pizza and wings were hailed as early winners in the pandemic as Americans increasingly ordered from brands that were already set up to accommodate delivery, like Papa John's and Wingstop.
Easter Sunday grocery, drugstore chains: Trader Joe's, Walmart open, while Costco, Target, Publix closed04 Apr, 04:02, USA Today • Développer
What grocery stores are open on Easter Sunday 2021? Albertsons, Kroger, Walmart and Whole Foods are open, but Aldi, Costco and Publix are closed.
MKM Partners Stick to Their Hold Rating for Kroger Company
Jefferies Stick to Their Hold Rating for Kroger Company
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