Grocery

Food prices have risen at the fastest pace in more than 40 years and food makers and consumers are scrambling to find ways to mitigate the impact, The Wall Street Journal reported. What Happened: Store-bought food prices rose at a seasonally adjusted 2.6% in April, marking the biggest monthly gain...

Chinese online grocery seller Dada Nexus Ltd. (NASDAQ: DADA) CEO said the company welcomed "better auditing and regulation," as it began trading at the Nasdaq Stock Market on Friday. US-China Tensions Temporary, CEO Says "We particularly welcome better auditing and regulation,...

Now is a very difficult time to be a retailer and grocer, but it also represents an opportunity for innovative companies to "step up" and better serve customers, ex-Whole Foods co-CEO Walter Robb said on CNBC's "Squawk on the Street." What Happened The COVID-19 pandemic...

An interesting trend in the grocery store space is playing out: one out of five consumers switched to a new primary grocery store due to the coronavirus pandemic, according to a McKinsey survey of 1,500 shoppers. The Survey: What Consumers Need Shoppers are scrambling to new grocery stores...

Grocery food prices continue to rise, and this represents a potentially overlooked opportunity for restaurants like Texas Roadhouse Inc (NASDAQ: TXRH). The Texas Roadhouse Analysts Wedbush analyst Nick Setyan maintained an Outperform on Texas Roadhouse with an unchanged $73 price...

Grocery sales growth remain elevated on a year-over-year basis, but have moderated since peak coronavirus "stock-up" activity in the middle of March, according to BofA Securities. The Analyst Robert Ohmes commented on the grocery store sector in a deep dive note. Grocery Store...

Credit and debit card data compiled by BofA Securities suggests that online grocery spending trends remain "meaningfully elevated," even though total grocery spending moderated since the "stock-up" peak in March. The Thesis Although online grocery sales have been slowly moving...

Restaurants will reopen their dining halls but the timing remains unclear. In the meantime, consumers can still order restaurant meals for delivery or takeout or buy prepared meals from grocery stores. But what about the growing trend of people cooking food themselves? What impact will this have on...

Tyson Foods, Inc. (NYSE: TSN) CFO Stewart Glendinning said one week ago on CNBC there is "no need to panic" over the beef supply chain amid multiple processing plant closures due to the coronavirus pandemic. Since then, the company's public comments have painted a more concerning...

Consumers are no longer stocking up pantry staples and are instead shopping for sweets, frozen pizzas and salty snacks, according to data from Acosta. First-Time Online Shoppers Older households and families living in the hardest-hit regions are showing signs of escalating concerns amid the...

Grocery chain Kroger Co (NYSE: KR) is teaming up with on-demand shipping company Frayt to experiment with same-day delivery of outdoor furnishing products to consumers, Grocery Dive reported. What Happened Several Kroger Marketplaces stores in Cincinnati and Dayton, Ohio and Northern Kentucky...

Grocery delivery platform Instacart said Thursday that it will expand its partnership to deliver prescriptions to Costco Wholesale Corporation's (NASDAQ: COST) customers. Instacart Prescriptions Kick Off In California, Washington Instacart's pilot program will deliver prescriptions and...

Prior to the coronavirus outbreak, only 13% of the U.S. population was buying groceries online, and this figure has more than doubled to north of 30%, FreshDirect founder and former CEO Jason Ackerman said on CNBC's "Squawk Alley." Ackerman: Grocery Delivery A Trade-Off During...

Grocery giant Kroger Co (NYSE: KR) and third-party delivery platform Instacart each announced updates this week on how they're navigating the coronavirus pandemic.  Kroger Leverages Tech System Kroger announced that as of Tuesday it will use technology to limit the number of customers...