• Grocery Delivery Wars: Kroger Is Fending Off Amazon's Whole Foods With a New Service of Its Own

    8 days ago - By Fortune

    When Amazon amzn bought Whole Foods almost a year ago, Ocado Group was one of the few retailers to see its shares go up.
    That's because there were hopes the internet behemoth could swallow up the British online grocer, too.
    But the deal actually had another impact on Ocado ocdgf
    . It made supermarkets around the world quake at the thought of Amazon's online grocery rampage. They turned to Ocado to help them fend off the threat.
    After a series of smaller tie-ups, the company has announced the big one: a partnership with Kroger kr
    , the second biggest U.S. grocer after Walmart wmt
    . This has...
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  • Companies will hike spending, former Home Depot CEO Nardelli says

    Companies will hike spending, former Home Depot CEO Nardelli says

    8 days ago - By Biz Journals

    U.S. companies will increase their capital spending by as much as 30 percent because of the Republican-backed tax cut, former Home Depot CNN Robert Nardelli said Wednesday on CNNMoney's “Markets Now” program.
    "In today's world you either innovate or evaporate," said Nardelli, former CEO of Chrysler and Home Depot , former executive at GE and founder and CEO of the investment and advisory company XLR-8.
    However ,Nardelli was critical of companies using their tax savings on stock...
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  • NAFTA Architect On New Negotiations

    8 days ago - By NPR

    David Greene talks with Carla Hills, lead U.S. architect of the original NAFTA trade agreement. She says the deal needs upgrading but it would be a mistake to tear it down.
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  • Kroger signed a 'transformational' deal with UK online grocer Ocado - and Ocado's shares are sky rocketing

    Kroger signed a 'transformational' deal with UK online grocer Ocado - and Ocado's shares are sky rocketing

    8 days ago - By Business Insider

    Kroger signs exclusive US deal with warehouse technology company Ocado.
    Kroger is also buying a 5% stake in Ocado for £183 million.
    Kroger is hoping to build three next-generation warehouses with Ocado this year and aiming for 20 new warehouses over the next three years.
    Ocado CEO calls the partnership "transformational," although the exact financial impact isn't clear.
    Ocado shares jumped nearly 50% on the deal.
    LONDON - US grocery giant Kroger has signed an exclusive deal with Ocado, the British online grocer that makes tech savvy supply chain and fulfilment technology.
    Ocado said in a...
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  • Ocado shares soar as it partners Kroger to enter the U.S

    8 days ago - By Reuters

    LONDON - Britain's Ocado said U.S. retailer Kroger had agreed an exclusive deal to use its technology for grocery deliveries, securing the online supermarket pioneer's entry into the world's biggest market and sending its shares up 50 percent.
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  • U.S grocer Kroger signs deal to use Ocado's home delivery tech

    8 days ago - By Reuters

    LONDON - British online supermarket Ocado said U.S. retailer Kroger had agreed an exclusive deal to use its technology for grocery deliveries.
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