Kroger will buy Home Chef, the top private meal-kit company in annual sales, for at least $200 million plus business incentives, the company announced. Home Chef would become a subsidiary that offers its meal kits in the Kroger's stores.
The proposed merger of Albertsons and Rite-Aid will create a company with the size to compete and important avenues in which to grow, such as pharmacy expansion, click-and-collect and home delivery, company executives said. "We will be a unique combination of grocery and pharmacy that will be well-positioned to deliver a differentiated experience," Rite Aid Chairman and CEO John Standley told analysts last week.
A growing number of China's millennials are turning their passion for style to home goods, and several designers are teaming with furniture and homewares brands to design new lines to meet this demand. For example, IKEA teamed with designer Virgil Abloh on a line of furniture and home accessories.
Spangler Candy Company will acquire NECCO for $18.83 million after emerging as the winning bidder at a bankruptcy auction yesterday. NECCO CEO Mike McGee will stay with the firm through the summer to smooth the transition.
Unilever is positioning its Knorr-branded One Skillet Meals as a convenient, less expensive alternative to meal kits. "When you look at our meals, even with all the ingredients that you add, the cost ... comes out to about $2.60 to $6 per serving, which is half what a lot of meal kits are, and they only take about 30 minutes to prepare, whereas a lot of meal kits take twice as much time," said Unilever Marketing Director Brian Critz.
Arrow Electronics has expanded over time beyond electronics distribution to offer a variety of solutions and technologies to many industries. "We strive to be the platform that customers go to for the things they need to be the best for their own customers," CEO Michael Long says.
Grainger's contact center in Janesville, Wis., has about 1,200 employees and has transformed over the years as business moved from phones to e-commerce. This Grainger location increasingly hires millennials, has relaxed its dress code and is focused on career growth.
Data quality and sharing, specific milestones and visibility reporting unique to various needs are key aspects of a successful visibility initiative, writes Descartes executive Chris Jones.
An engaged workforce will lead to higher rates of customer satisfaction and brand loyalty, writes Dave Haley. Leaders can encourage employee engagement by focusing on areas such as ensuring team members are aware of organizational goals.
Jumia launched as an online retailer in Nigeria in 2012 and has become Africa's largest e-commerce player, with sales in 14 African countries and on a network of as many as 70,000 companies. The company, which did $597 million in gross sales last year, has overcome several challenges including vendors' lack of access to capital and spotty internet service.
- Page 1