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The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. The tie-up comes during a challenging time in the grocery industry. The grocery industry is highly fragmented. Albertsons’ share was about 5%. Consolidation in the grocery industry has not historically paid off in the form of higher profits, he said.

☆ Bernie Sanders and Elizabeth Warren blast the $25 billion merger between grocers Kroger and Albertsons, one calling it an 'absolute disaster' for consumers
▼ + stars: | 2022-10-14 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Senators Bernie Sanders and Elizabeth Warren blasted the Kroger-Albertsons merger. Sanders called it "an absolute disaster" for consumers that would result in higher grocery costs. The grocery store chains announced Friday that they've entered into a merger agreement that values the combined company at about $24.6 billion. "That's good for small businesses, it's good for consumers, and it actually, in many cases, reduces the need for regulatory oversight. And without local competition offering lower prices, consumers are stuck with nowhere else to stop.

☆ Kroger is doubling down on its subscription delivery business as it weans itself off of Instacart. Here's a rundown of its other initiatives, from ghost kitchens to smart carts
▼ + stars: | 2022-09-26 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +12 min

Here are Kroger's biggest e-commerce and technology initiatives:A ClusterTruck ghost kitchen inside a Kroger in the Midwest. ClusterTruckGhost kitchensIn December 2019, Kroger began improving its prepared meals offering by partnering with ghost kitchen startup ClusterTruck. The delivery-focused ghost kitchen touts a Cheesecake Factory-inspired menu of 80 to 100 food items. Over the last few years, ClusterTruck opened locations inside Kroger stores in Indiana and Ohio. But the firm, which tracks where consumers shop, said Kroger stores with the ghost kitchens are seeing an uptick in visits compared to neighboring Kroger branches.

☆ Instacart rolls out high-tech shopping carts aimed at helping grocery stores compete with Amazon Go. Here are the strategies the company is investing in ahead of a reported IPO.
▼ + stars: | 2022-09-19 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +11 min

One analyst described the goal as being a "one-stop shop" for grocery technology. Instacart is getting ready to go public, making new sources of revenue more important than ever for the grocery delivery startup. On Monday, the company rolled out an upgraded version of its smart shopping carts, Caper Cart. InstacartSubscriptionsNow called Instacart+, Instacart's subscription service costs about $10 per month or $99 per year. The startup makes checkout technology for both online and in-store use, including a smart shopping cart with scanning technology.

☆ A South Carolina mom who never pays for toothpaste or toilet paper shares the free app everyone should have to save money
▼ + stars: | 2022-09-15 | by ( Mary Beth Gahan | ) www.businessinsider.com time to read: +4 min

Hayley Bennett runs @that_coupon_chick, an Instagram page focused on coupons and deals, and recommends Ibotta as her favorite app. Everything was expensive and I was trying to find a way to save as much money as I could. I thought I was just going to use coupons here and there, save a little bit of money. Then I realized just how much this could really impact people and how much money you really could save. There's one app I recommend getting right awayI use a multitude of apps, but if anyone was going to get just one app, get Ibotta.

Today, there are 56 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. We selected Hispanic American-owned credit unions from the National Credit Union Administration's list of minority depository institutions which was also updated on June 30, 2022. In our list of Hispanic American-owned banks and credit unions, many of the institutions listed offer customer support in Spanish and English. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. To help you learn more about a specific Hispanic American-owned bank or credit union, we've included links to reviews of individual institutions.

☆ I toured a farm that ethically harvests shrimp, and it taught me how gross seafood production is. Here's a look inside.
▼ + stars: | 2022-05-20 | by ( Kaila Yu | ) www.businessinsider.com time to read: 1 min

Shrimp is the most consumed seafood in the US, but some shrimp companies are less than transparent about their supply chains — and some have even been tied to slave labor practices outside of the country. The seafood display in a Publix in Florida. Joey Hadden/InsiderSources: NOAA Fisheries, The Washington Post, The Guardian

Persons: Joey Hadden Organizations: NOAA Fisheries, Washington Post, Guardian Locations: Florida

☆ A powerful group of lobbyists and donors pushed Mitch McConnell to take a 'hard red line' that delayed a stimulus bill for months
▼ + stars: | 2020-12-16 | by ( Kimberly Leonard | Dave Levinthal | ) www.businessinsider.com time to read: +19 min

A powerful group of business organizations has pushed for the liability shields and donated generously to McConnell and other Republicans. Photo by Alex Wong/Getty ImagesThe Chamber of Commerce's big giveThe Chamber of Commerce has been among the most vocal proponents of liability protections. Overall, however, Walmart's workers and PAC gave about evenly to Democrats as to Republicans this election. Its PAC gave $9,000 to McConnell's campaign and gave $3,000 to Cornyn. During the past three decades, McConnell has received robust support from some of the industries lobbying hard for liability protections.

☆ How this 32-year-old high school dropout built a business that sold to Target for $550 million
▼ + stars: | 2018-03-29 | by ( Sarah Berger | ) www.cnbc.com time to read: +11 min

"At that point he [my father] said, 'Alright he's going to do what's he's going to do,'" Smith adds. Finding inspiration in the grocery aisle The initial plan for Shipt, Smith says, was to build a business around same-day delivery for big box retailers. "[My wife and I] went to the grocery store for the first time with a 1-year-old and a newborn and it was such a huge pain. What made Shipt stand out Shipt currently offers unlimited, same-day delivery service for its members for $99 a year, or $14 a month. Smith says Shipt really started to see some success in late 2015.

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