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☆ A merger with Albertsons could bring Kroger's tech initiatives, like automated warehouses and smart carts, to over 5,000 locations
▼ + stars: | 2022-10-17 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +13 min

Kroger is building its own tech infrastructure, including automated warehouses for delivery orders. Here are Kroger's biggest e-commerce and technology initiatives:A ClusterTruck ghost kitchen inside a Kroger in the Midwest. 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. Another partnership, this one with the autonomous-car startup Nuro, has stationed self-driving vehicles to deliver grocery orders in certain cities since 2018.

☆ Premarket stocks: The housing market is a mess, but this isn't 2008
▼ + stars: | 2022-10-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But within those reports, investors found ominous clues about the future of the housing market, underscoring fears of an upcoming crisis. “We’ve had a time of a red-hot housing market all over the country,” Fed President Jerome Powell told me in September. “For the longer term what we need is supply and demand to get better aligned so that housing prices go up at a reasonable level…and people can afford houses again. “This is the sharpest turn in the housing market since the housing market crash in 2008,” said Redfin’s chief economist, Daryl Fairweather, last month. What’s next: Investors will next look to housing starts data next week as an indicator of where the housing market is headed.

☆ Top Republican on Senate antitrust panel promises oversight of grocery deal
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Oct 14 (Reuters) - The top Republican on a U.S. Senate antitrust panel, Senator Mike Lee, promised on Friday that there would be significant oversight of a plan by Kroger Co (KR.N) to buy rival Albertsons Cos Inc (ACI.N). "Utahns, like all Americans, are suffering from skyrocketing food prices," Lee said in a statement. "I will do everything in my power to ensure our antitrust laws are robustly enforced to protect consumers from anticompetitive mergers that could further exacerbate the financial strain we already feel in the grocery store checkout aisle." The $24.6 billion deal was announced Friday. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Diane BartzOur Standards: The Thomson Reuters Trust Principles.

☆ Kroger has to win over Wall Street and Washington on its Albertsons deal – here's how it plans to do that
▼ + stars: | 2022-10-14 | by ( Melissa Repko | ) www.cnbc.com time to read: +5 min

In this article ACIKR Follow your favorite stocks CREATE FREE ACCOUNTA customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty ImagesKroger knows it needs the blessing of investors and federal regulators to pull off its $24.6 billion deal to buy rival grocery company Albertsons . If approved, the grocers would become a more formidable second place in terms of grocery market share behind Walmart . Together, the companies would capture nearly 16% of the U.S. grocery market, according to market researcher Numerator. That's because Wall Street has already seen a spree of grocer acquisitions — including some by Kroger and Albertsons — but no meaningful changes in profit margins.

☆ Lidl, Hugo Boss, and other European retailers switch off illuminated logos, keep doors closed, and cut heating as the energy crisis takes its toll
▼ + stars: | 2022-10-07 | by ( Kate Duffy | ) www.businessinsider.com time to read: +4 min

Lidl, Hugo Boss, Aldi, and other retailers told Insider what they've done in stores to save power. Switching off illuminated logos for 18 hours and keeping doors shut are just some of the plans. Many retailers, including supermarkets and clothes outlets, use large amounts of energy with their lighting inside and outside, illuminated advertising, heating, and air conditioning. "We do take the current situation very seriously," a spokesperson from Aldi Süd, the German grocery store tied with Aldi Nord, told Insider. "Examples of initiatives we are taking to improve energy efficiency include switching to LED lighting, upgrading building management systems, improving insulation and using energy recovery from heating and cooling," an Ingka spokesperson told Insider.

☆ Disney reaches deal with activist investor Third Point, will add former Meta executive to its board
▼ + stars: | 2022-09-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. On Friday, Disney said in a public filing that, with Third Point's support, it would add Everson to its board ahead of its board meeting in November. The deal comes weeks after Third Point took a new stake in Disney representing about 0.4% of the company and urged the media company to spin out its sports property, ESPN. Disney has reached a deal with activist investor Dan Loeb's Third Point, which includes adding former Meta executive Carolyn Everson to its board of directors, the companies said on Friday. With Everson, who will officially take her seat on November 21, Disney will have 12 board members.

☆ 10 best credit cards for bad credit of September 2022: Secured and unsecured cards, including some that earn cash back or flexible points
▼ + stars: | 2022-09-27 | by ( Holly Johnson | Jasmin Baron | Freelance Writer | ) www.businessinsider.com time to read: +56 min

Best secured card with flat cash-back earning: Capital One Quicksilver Secured CardThe Capital One Quicksilver Secured Cash Rewards Credit Card is a new secured credit card that doesn't charge an annual fee, and it earns 1.5% cash back on all other purchases with no limits. This credit card comes with no annual fee and no hidden fees, yet it's a Visa credit card that can be used anywhere Visa is accepted worldwide. How to choose the right credit card if you have bad creditBefore you pick the best credit card for your situation, you'll want to decide if you want a secured or unsecured credit card. A secured credit card is a type of credit card that requires a cash deposit as collateral. To avoid paying interest on purchases made with a credit card, you need to pay your credit card statement balance in full each month.

☆ 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.

☆ A new player in the grocery software startup just raised $10 million to compete in the nearly $150 billion online grocery segment. Check out the 13-page pitch deck that helped Vori secure the deal.
▼ + stars: | 2022-09-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Vori raised a $10 million Series A for its grocery-inventory software aimed at indepedent grocers. Roughly a third of US grocery sales happen at independent grocers, but many of these grocers lack the technology of bigger players like Kroger and Walmart. Vori, an inventory-management startup, pitches itself as a solution for those smaller grocers — a position that just helped it raise $10 million. Vori's inventory software provides inventory services to grocers that might only have a few stores, Hill said. "Our customers have been our most active and enthusiastic investors," Hill said.

☆ Wegmans Stops Using Self-Checkout App After Suffering Losses
▼ + stars: | 2022-09-19 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Wegmans joined a wave of grocery stores using self-checkout technology during the Covid-19 pandemic to compensate for worker shortages. Wegmans, the East Coast supermarket chain, said Monday that it would stop using its self-checkout app until the system could be improved because its stores were experiencing losses. The chain, which stretches from New York to North Carolina, said it rolled out its app, called Scan, early in the Covid-19 pandemic. Customers at certain locations could scan items on the app as they shopped and then pay at a self-checkout register.

☆ My friends always want to hang out at restaurants but I can't afford that lifestyle. How can I talk to them about it without ruining our relationship?
▼ + stars: | 2022-09-13 | by ( Olivia Christensen | Stephanie Hallett | Read More | ) www.businessinsider.com time to read: +7 min

For Love & Money is a biweekly column from Insider answering your relationship and money questions. This week, a reader asks how to talk to friends who always want to dine out. Write to For Love & Money using this Google form. If your friends are foodies, and that's why they love restaurants so much, turn dinner at home into a culinary adventure. Rooting for you,For Love & Money

☆ Fandom is trying to build the Bleacher Report of entertainment
▼ + stars: | 2018-03-03 | by ( Mike Shields | ) www.businessinsider.com time to read: +5 min

Now seen as a largely successful deal — Bleacher Report frequently tops category giant ESPN when it comes to social media interactions — at the time there were plenty of skeptics. Jacobs sees an opportunity to re-run the same Bleacher Report playbook in the entertainment category. And it's also hired a slew of professional writers and video producers from companies such as Variety, YouTube and yes, Bleacher Report. "In a way, we'd already done the heaviest lifting a media company has to do, which is to build scale," said CEO Craig Palmer. "For the first six to eight years, we just scaled and scaled and scaled and scaled thanks to our users.

Persons: –, Jon Miller, Walker Jacobs, Mike Freeman, Howard Beck, Jacobs, Jimmy Wales, Craig Palmer, it's, comScore, who's, Harry Potter, we'd, Walker, What's, Palmer Organizations: News Corp, AOL, Turner, ESPN, New York Times, Wikia, Variety, YouTube, TPG, Marvel, Star Wars, Netflix, nab, Gillette

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