Grocery

As DoorDash Inc.‘s (NASDAQ:DASH) user base exploded to 42 million monthly active users with order frequency at an all-time high, its grocery and retail vertical saw stellar growth along with the aforementioned metrics in the fourth quarter. What Happened: DoorDash’s customers were...

Recent data from JPMorgan's exclusive survey indicates that price gaps between Walmart Inc (NYSE:WMT) and competitors like Kroger Co (NYSE:KR) and Albertsons Companies Inc (NYSE:ACI) are narrowing. Kroger has traditionally maintained higher prices than Walmart, resulting in a price premium over its...

Rick Cohen, founder of Symbotic (NASDAQ:SYM), has seen $9 billion erased from his net worth following a significant drop in his AI-powered company’s stock price. What Happened: Cohen, who owns and chairs C&S Wholesale Grocers, founded Symbotic which manufactures AI-driven warehouse robots...

The integration of technology and the grocery sector is steering large retailers toward a consumer-centric future. Larger players have a sharper competitive edge in realizing how some emerging tech can boost their business operations, and Telsey Advisory Group on Monday said Costco Wholesale...

Key Takeaways: Dingdong posted its first-ever profit in the fourth quarter, reversing years of big losses, as it reined in spending and focused on higher-margin products China’s leading online grocer will continue its upmarket march this year by focusing on products for health-conscious...

Investors who have owned stocks in the past year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the past 12 months is 16.3%. But there is no question some big-name stocks performed better than others along the way. Costco's Big...

Kroger Co (NYSE: KR) shares have been strong performers in the past year, and one analyst said Wednesday the stock is set up well for another solid year in 2022, though there are some headwinds it will face. The Analyst: Bank of America analyst Robert Ohmes upgraded Kroger from...

The COVID-19 pandemic accelerated online grocery sales, but for traditional grocers, the rise in sales is eroding margins and driving growth in an unprofitable business sector. That is the big takeaway from a new study of 206 U.S. grocers by Wynshop, a digital commerce technology platform, and...

Jokr, the 15-minute grocery delivery firm that launched in June in three New York City boroughs, is expanding to three additional locations. The company on Tuesday announced it will begin servicing the Upper West Side, the Upper East Side, and the financial district. Jokr previously served only...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Save Foods (NASDAQ: SVFD), an agri-food-tech company focused on developing and selling eco-friendly products specifically designed to...

Same-day delivery firm Point Pickup Technologies has acquired GrocerKey, a white label e-commerce technology platform. Point Pickup expects the acquisition to provide it an end-to-end e-commerce platform, from pick-and-pack to last-mile delivery. Terms were not disclosed. "With almost 68 million...

One company is seeking to turn grocery shopping from an errand to an activity. Food and drug retailer Albertsons Cos. (NYSE: ACI) announced on Monday an overhaul of its digital segment, unveiling three new offerings to its suite of digital services, including FreshPass, a subscription service that...

January was the peak sales month for online grocery sales, reaching $9.3 billion during the month, according to a Brick Meets Click/Mercatus Grocery Shopping Survey conducted Jan. 28-31. Sales in February started to fall, dropping 14% to $8 billion, and have remained on a slow decline since, as...

Just three months after its global launch, last-mile grocery and retail delivery platform JOKR has raised $170 million in a Series A investment round led by GGV Capital, Balderton Capital and Tiger Global Management. The round was joined by Activant Capital, Greycroft, Fabrice Grinda's FJ Labs, as...

Just when you thought Uber Technologies Inc. (NYSE: UBER) had perhaps put too many eggs in its basket, it's putting eggs in consumers' baskets – straight from the grocery store. The company on Monday announced its largest grocery expansion since launching in July 2020, with the company's same-day...