What Kroger, Walmart, Target learned from China's Alibaba about grocery's future [MSNBC.com]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: MSNBC.com
In this articleKroger | ReutersNow going on 140 years in business, Cincinnati-based Kroger sped up its push into digital retailing during the pandemic, and grocery store chain isn't looking back.This "New " model has been "cut and pasted from businesses that worked in China," said Michael Zakkour, founder of digital commerce and retail consultancy 5 New Digital in New York. "We are seeing it with Kroger, Target and Walmart. They looked at the New model born in China for complete integration of offline and online channels," he said. "Same-day dery, restaurants in store, app-driven sales and QR codes are all bright spots in every single one of them, and all happened first in China."At first, the highly competitive and fragmented U.S. food retailing business was slow to catch on. But the action was jumpstarted whenAmazon"You just can't be a 1990s grocer. You have to be courageous, break things, and quickly adapt," said Yael Cosset, senior vice president and chief information officer at
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KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- KR's page on the SEC website