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Stock impact report

Forget DoorDash and Uber. Walmart and Kroger Are Now the Innovators in Food Delivery. [MarketWatch]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: MarketWatch
But customers have become accustomed to the convenience of their groceries arriving on their doorstep. The sector is looking for the holy grail of a profitable e-commerce model, which could supply fresh investment opportunities. The next generation of grocery delivery is likely to be defined by the traditional brick-and-mortar giants building out their own delivery systems and even providing their services to their rivals. Investors are likely to find Walmart (ticker: WMT), Kroger (KR), and potentially Amazon (AMZN) offer better rewards than their previously more nimble partners. Delivery remains popular despite the waning effects of the Covid-19 pandemic—look at the data. In October, 70.2 million households in the U.S. bought groceries online & received them via ship-to-home, pickup, or delivery, up 10% versus October 2021, according to consultancy Bricks Meet Click. But consumers are ordering less frequently and spending less per order. The challenge for grocers is to retain Show less Read more
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