Amazon's deal to acquire Whole Foods Market could bring new challenges for Target, which recently launched a three-year revitalization and store redesign plan with food playing a key role. "Whatever competitive pressures were out there before today are now accentuated with this move," Morgan Stanley Analyst Simeon Gutman said.
Kroger has adopted a new mission statement to "Feed the Human Spirit," marking the retailer's shopper-focused strategy to cater to consumers' needs in today's rapidly changing retail environment, Chairman and CEO Rodney McMullen said Thursday. "Kroger has evolved many times over 134 years. We have successfully adapted and competed thanks to our relentless focus on customers and that is why we are confident in our ability to evolve today," he said.
Kroger sold 8.2 billion units of private label goods last year, marking a record for the retailer, and it will look to build on that success by adding more exclusive products to its 30,000-SKU private label lines, the company said. The retailer has expanded its private label lines by about 60 items per month for the last year and a half and has added about 1,000 products to its private label offerings so far this year.
The impending Amazon-Whole Foods Market merger brings new urgency to the grocery industry's task of modernizing stores and making food shopping a more personal experience, experts say. "Grocers that are customer-centric are going to win," Capgemini Consulting's Shannon Warner said, adding that the key to success will be using customer data that traditional grocery players already have.
About one-fourth of consumers who participate in digital grocery shopping add items to their baskets, and a third of shoppers who use click-and-collect services and digital coupons and 39% of shoppers who use subscription services buy more, according to a report from WSL Strategic Retail. However, wider adoption is still a challenge, with only 15% of shoppers taking advantage of click-and-collect programs and 12% using subscription services, the report revealed.
Mayfield Robotics' Kuri home assistant robot has received an update that allows it to recognize pets, as well as a new drivetrain to improve its mobility. Kuri's updated vision program includes a 1080p HD camera for capturing photos and videos.
The upcoming Samsung Gear VR headset will include an OLED display and will work as a stand-alone option, Naver reports. The headset will reportedly offer a pixel density of 2,000 ppi, which is significantly higher than other offerings in the segment.
Pressure cookers are great for summer cooks who don't have a lot of time to plan ahead because they can shorten cooking time for foods such as meats and beans by as much as 70%. Writer Adam Erace likes the simplicity of the Viking 8 Quart Stovetop and praises the All-Clad Electric for its safe one-touch steam-release button.
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