Kroger news

24 December 2020
We look at how several of the leading US retailers are supporting the roll-out of the COVID-19 vaccine. Walmart supporting healthcare workers in rural areas This month, Walmart has started to administer the Moderna vaccine to healthcare workers (Priority 1A) in New Mexico. Store locations have been selected to support its administration in more rural areas. Given the vital role its stores, ...
16 December 2020
New data from IGD reveals that the online grocery channel is set to represent 5% of the US grocery market by 2022, with a value of $82.0bn. Channel sales almost doubling in 2020 This new forecast represents a significant acceleration of growth within the channel. Previously we had forecast that sales through the channel would not reach this value until 2025. This new forecast aligns with re...
07 December 2020
We look at Kroger’s third quarter results and the continued out-performance of its digital operations. Third quarter key numbers Total sales increased 6.3% to $29.7bn Identical store sales ex-fuel increased 10.9% Digital sales up 108% Operating profit increased from $254m to $792m Source: IGD Research Incrementally profitable digital sales Kroger’s ecommerce ...
25 November 2020
Building on their existing strategic relationship, Kroger and Ocado are expanding their collaboration to include in-store fulfillment. Improving channel economics The extension of the partnership will see Kroger optimise Ocado’s in-store fulfillment solution. This includes proprietary software that supports associates in assembling orders, making it easier and more efficient to find product...
28 October 2020
We review Kroger’s update for investors and review the underlying strengths of the business. 1. Competitive strengths have become more relevant during the pandemic With Kroger sharing that nearly three out of four customers are eating meals prepared at home, multiple times a day, Kroger’s competitive strengths have become more relevant during the pandemic. These include its focus on fresh a...
13 October 2020
Kroger has launched the first generation of Chefbot, its AI-powered Twitter recipe tool which provides customers with mealtime inspiration and personalised recommendations. Helping to provide meal inspiration and reduce food waste Chefbot has been developed in partnership with integrated creative and media agency 360i, and technology partners Coffee Labs and Clarifai. Chefbot is an innovati...
12 October 2020
US-based Kroger has launched two ‘ghost’ kitchens at stores in Indianapolis and Columbus in partnership with ClusterTruck, a technology start-up that operates delivery-only restaurants. Tech-driven solution to meal delivery ClusterTruck is a software platform that powers profitable, vertically integrated delivery-only kitchens. Founded in 2015, the company operates kitchens in Indianapolis,...
29 September 2020
Following an announcement earlier this summer, Kroger and Ocado have confirmed Romulus, MI as the location for a Customer Fulfillment Centre (CFC). Supporting customers in Michigan, Northern Ohio, and Indiana In June, Kroger announced that it would open new facilities in the Great Lakes, Pacific Northwest and West regions as part of its strategic partnership with Ocado. Confirming Romulus a...
23 September 2020
Kroger is partnering with Inclusion Companies and Grammy-Nominated Artist Jewel to launch a new “Wellness Experience” platform. Shining a light on mindfulness and mental health The new platform will launch on October 10, coinciding with World Mental Health Day. To support the launch Kroger and Jewel will host a summit and conference, featuring artists, business leaders, and mental health ex...
21 September 2020
Kroger is partnering with Everseen, a leading AI-based vision technology firm, to monitor checkout and self-scan areas in-store. Identifying unusual scanning movements Located in Cork, Ireland, Everseen’s system helps retailers monitor customer behaviour, helping to identify missed items or products which may have been scanned incorrectly. Overhead cameras help to compare customer baskets w...