Hints and tips:
...Kroger and Albertsons argue the deal is necessary for them to compete against retail giants such as Walmart and Amazon, and even dollar stores in the grocery space....
...stores....
...The merged entity would operate more than 5,000 stores and approximately 4,000 retail pharmacies while employing nearly 700,000 staff across 48 states, the FTC said....
...Kroger has agreed to acquire rival Albertsons for $24.6bn in a deal that would create one of the US’s largest grocery store chains if it can overcome significant antitrust hurdles....
...and destroy independent, community stores....
...The combined group will have 5,000 stores and more than $200bn in annual revenue. The grocery business has traditionally reported skinny operating margins of 5 per cent at best....
...Those opposed to the consolidation are putting up a spirited-fight, arguing that the deal will be bad for grocery prices, grocery workers and cities and towns across America....
...We can actually have two hands to carry our groceries or keep our kids from running out into the street, or whatever it is we’re trying to do. So that would be a huge win....
...Wood also noted ecommerce platform Pinduoduo, which she said was investing heavily in the grocery sector and supply chains between farms and stores....
...It has sent out proposal requests to at least five companies that offer robotic systems that would pick goods from purpose-built “dark” warehouses instead of store shelves....
...Asda has a 14 per cent share of the UK grocery market, behind Tesco and Sainsbury, according to data from Kantar....
...Albertsons, the US grocery chain that is among the country’s biggest private companies, is seeking to take advantage of a rebound in the stock markets with an initial public offering that its backers hope...
...The company said it would partner with Google to develop an Android-based smartphone operating system and had already joined forces with Facebook’s messaging service WhatsApp to offer grocery delivery....
...Rival Verizon echoed AT&T’s earnings comments earlier on declining revenues, saying it was affected by declines in equipment sales due to store closures caused by lockdown....
...It’s available now on the Google Play store and coming to iOS in the near future....
...Google said these COVID-19 Community Mobility Reports “show recent trends (over the past 48 to 72 hours) of the percentage increase or decrease in visits to places like retail stores, recreation spots, groceries...
...The company said it would invest $350m to increase the hourly wage for workers in its warehouses and delivery infrastructure, as well as its grocery stores, including Whole Foods Market, until at least the...
...In the Washington DC suburb of Bethesda is the headquarters of Midcap Financial, which takes money from Apollo clients and lends it to nursing homes, grocery stores and other midsized businesses....
...Last year, Schneider struck a $7.15bn deal with Starbucks to sell branded coffee pods in grocery stores outside the US and it bought the California-based hipster Blue Bottle coffee chain....
...Initiatives in the US range from voice ordering technology to grocery pick-up facilities that allow shoppers to buy online and collect in person. About 2,450 of its US stores now have the facility....
...The Chicago-based company noted strength in its legacy business, with the grocery and snacks unit showing a 2.9 per cent improvement in net sales year-over-year....
...Kroger and Walgreens said on Tuesday that they are joining forces to test a new store format that will bring together the two companies’ respective grocery and pharmacy businesses....
...But the freezer section of grocery stores has been a comparative hotspot. Frozen foods have chalked up positive organic sales growth in recent months....
...Grocery company Albertsons and pharmacy chain Rite Aid have announced a cash and stock tie-up, creating one of the largest food, health and wellness groups in the US....
...Walgreens ultimately agreed to purchase just under 2,000 Rite Aid stores for $4.4bn after regulators pushed back....
International Edition