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The Latest Breaking News from Kroger

Petco vs. Chewy: Which Is the Worse Stock to Buy?

Petco Health and Wellness reported Q1 2023 earnings on Wednesday. Its stock got hit hard, but so too did Chewy. While Petco took the bigger hit, neither is a slam dunk in the future.

Barchart

Is the grocery industry broken?

In a world where we're forced to choose between monopolies, it becomes apparent that the grocery industry is broken

Salon

West Virginia settles with Kroger, opioid money now tops $1B

West Virginia has settled with Kroger for $68 million over its role in distributing highly addictive prescription painkillers into the U.S. state that has lost more lives to opioid overdoses per capita than any other

The Independent UK

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Kroger Ditches Print Ads — Where To Find Coupons Now

Due to declining newspaper circulation, Kroger is ditching its printed ads for a digital format.

Kiplinger

Shareholder activists sue the SEC, alleging bias

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Grocery workers oppose Kroger/Albertsons ‘mega-merger’

LAKEWOOD, Calif. — Southern California grocery workers and community supporters held a rally Thursday at a Ralphs grocery in Lakewood to oppose the planned $24.6 billion merger of supermarket giants Kroger and Albertsons.

The Orange County Register

Grocery wars: Publix will face off with Kroger in Kentucky, but will it stop there?

Publix is heading into Kroger country with an expansion to Kentucky this year, but industry experts say they don’t see the Florida grocery giant expanding far beyond the Southeast anytime soon.

Orlando Sentinel

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Kroger cashier wows customers with speedy service that keeps the queue to a minimum

A woman has taken to social media to praise a supermarket worker at Kroger for his speedy service, as he races her 20-odd food items through the check out in just 21 seconds

Daily Mirror

Farmworkers use Florida march to pressure other companies

Farmworkers are leading a five-day, 45-mile trek on foot this week from one of the poorest communities in Florida to a mansion-lined, oceanfront town that is one of the richest

The Independent UK

Self-driving trucks to deliver robot-fulfilled grocery orders to Kroger stores

Kroger is about to add another layer of automation to its customers’ online grocery orders filled by robots at its new $55 million fulfillment center in southern Dallas.

Tribune News Service

Your groceries will get stocked by robots and delivered by self-driving trucks (if you shop with Kroger)

Also if you live in Dallas.

Fortune

Big stores see how we spend. Here are 4 things they say about the economy

Retailers have dropped a flurry of financial reports. They paint a messy and conflicting picture about our consumer economy.

WEKU

Kroger to spend $770 million more on employee pay and benefits this year amid ‘labor hoarding’ trend

A tight labor market has bosses doing something they don’t like to do: spend more on wages and benefits.

Fortune

Ricky Stenhouse Jr: "Nothing compares" to Daytona 500 win

Under a tent leaking from pouring rain and with temperatures in the 40s, Ricky Stenhouse Jr. met with an excited group of race fans in the parking lot of a Ralph’s supermarket in Fontana, Calif., on Friday afternoon.

Motorsport

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news in one place.

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Fortune

Kroger workers who quit are getting texts and emails from the company asking them to come back

A tight labor market has bosses doing something they don't generally do: Asking workers who left to please return.

Miami Herald

Call it ‘slavery.’ Call it ‘forced labor.’ A Florida man did it to people who pick melons

MIAMI — If you bought melons sold at Kroger, Schnucks, Walmart, its big box club offspring, Sam’s Club or other chains, they might’ve been harvested or packed by H-2A visa workers provided by Los Villatoros Harvesting, a Bartow company run by Bladimir Moreno. If they were, that fruit reached your…

StockNews.com

3 Great Stocks to Buy More of Today

While the Fed’s interest rate increases have shown some success in easing inflation, the stronger-than-expected jobs report suggests that the Fed has more work to do. Continued interest rate hikes will likely push the economy into a recession. Amid an uncertain economic backdrop, it could be wise to buy shares…

Salon

A recent survey shows millennials are shopping differently than Gen X and Boomer customers

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news in one place.

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Tribune News Service

WA Supreme Court clears way for Albertsons' $4 billion dividend

The Washington state Supreme Court has swept aside the last legal obstacle to a $4 billion dividend by Albertson to its shareholders ahead of a controversial proposed merger with rival Kroger.

The Independent UK

W.Va. announces $83 million opioid settlement with Walgreens

West Virginia has settled for $83 million with Walgreens for the pharmacy store chain’s role in perpetuating the opioid crisis in the U.S. state with the most per capita overdose deaths

Tribune News Service

Egg prices are sky-high. When will they come down?

A humble supermarket staple is no longer.

StockNews.com

3 Value Stocks Worth Your Attention in 2023

With the Fed slated to increase rates aggressively this year to curb inflation, value stocks could shine again. Thus, investors could invest in shares of fundamentally strong stocks Biogen (BIIB), Dow Inc. (DOW), and Albertsons Companies (ACI) that are trading at attractive valuations. Continue reading….

Salon

Food and agriculture stories for 2023

There’s a great need for change, change that large institutions will likely fight

StockNews.com

2 Stocks You Can Buy This Week for Less Than $50

Recessionary fears continue to weigh on investors’ sentiment as inflation is still soaring high, and the Fed is likely to continue with its aggressive interest rate hikes. With prospects of a mild recession next year, it could be wise to invest in fundamentally strong stocks Comcast Corp. (CMCSA) and Albertsons…

USA Today Sports Media Group

Season of giving: Rockets give back with holiday events around Houston

Jalen Green, Eric Gordon, Tari Eason, Boban Marjanović, Jae’Sean Tate, and Kevin Porter Jr. are among #Rockets players giving back with community events this holiday season.

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