Kroger to slash grocery prices by $1B after Albertsons acquisition
Grocery giant Kroger has pledged to slash prices at Albertsons stores by $1 billion following a proposed takeover of rival chain Albertsons, but Wall Street is increasingly skeptical the deal will win government approval as food inflation continues to rattle U.S. politics. Kroger is upping the ante on the $25 billion megadeal after promising to […]
Grocery stores are moving to digital price tags: are they harming consumers?
Anthony Chan, a former chief economist at JPMorgan Chase, was responding to Kamala Harris saying she would make lowering prices a priority on her first day in office, even though she’s already in office. Two Democratic senators are investigating Grocery store chains Kroger has expressed concerns about the use of digital price tags, known as […]
Walmart beats Wall Street expectations as it offers more grocery discounts
CFRA Senior Vice President Arun Sundaram analyzes Walmart and Target’s earnings, expectations for their stock prices, and changes in the way consumers shop. Walmart, America’s largest retailer and private employer, lured shoppers with deeper discounts on groceries and reported strong quarterly results that beat Wall Street expectations. The Arkansas-based company said consolidated sales rose 4.8% […]
‘Always ask for your receipt’: Man issues warning on debit card scam after his neighbor lost $50 in the grocery store – The Daily Dot
According to one TikTok user, this clever scam poses danger to anyone with a debit card, especially if you’re not paying attention. Luckily, he’s raising awareness about why it’s important to check your receipts at the register. A recent post by Josh (@beardenjosh) video It quickly garnered more than 440,000 views on TikTok. “I want […]
Ghost kitchen company once valued at $1B pivots to grocery delivery as food-prep business withers
The unicorn, which has opened hundreds of pandemic-era “ghost kitchens” across the country, plans to lay off more than 50 employees in the New York City area and shift to grocery delivery as the meal-prepared model sees a steep decline. Leaf Technology, a SoftBank-backed company that was once valued at $1 billion, filed a WARN […]
Ghost kitchen company once valued at $1B pivots to grocery delivery as food-prep business withers
The unicorn, which has opened hundreds of pandemic-era “ghost kitchens” across the country, plans to lay off more than 50 employees in the New York City area and shift to grocery delivery as the meal-prepared model sees a steep decline. Leaf Technology, a SoftBank-backed company that was once valued at $1 billion, filed a WARN […]
Deliveroo’s push into grocery orders helps deliver ‘profit milestone’ | Deliveroo
British food delivery company Deliveroo reported first-half profits, citing signs of a recovery in consumer spending as it pushes further into grocery and retail delivery. The company made a £1 million profit in the first half of this year, its first since launching in 2013, after reporting a loss of £83 million in the same […]
FTC to probe stubbornly high grocery prices
Federal Trade Commission (FTC) Chair Lina Khan said on Thursday that the FTC will investigate high grocery prices in the US because supermarket chains are making “enormous profits.” Clan Leader Jointly noted In a public meeting between the FTC and the Department of Justice (DOJ), it was reported that grocery prices “have skyrocketed during the […]
Guacamole, salsa recalled at Kroger grocery stores in multiple states due to listeria risk
The Food and Drug Administration announced on its website on Friday, July 26 that guacamole and salsa products sold at Kroger grocery stores are included in a long list of products that have been recalled due to concerns about Listeria contamination. According to the FDA, Supreme Service Solutions LLC has ordered a voluntary recall of […]
UK grocery inflation falls to 1.6%; Fed chair Powell hints at US rate cuts – business live | Business
Important Events Julia Korewe The water regulator in England and Wales is taking action against four more water companies, including Severn Trent and United Utilities, over sewage spills, just days after they were accused of “disrespecting” customers over recent water price increases. Ofwat said it had issued formal notice. Dwy Cymru Welsh Water, Hafren Dyfdwy, […]