Specialty Retail
Top stories summarized by our editors
5/24/2018

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.

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Kroger
5/24/2018

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.

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Albertsons, Rite Aid, John Standley
5/24/2018

DISH has announced the launch of its AirTV device, which will allow viewers to access free live local feeds from ABC, NBC, CBS and Fox. The company has also announced plans to integrate a DVR function this year.

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Variety, Multichannel News
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DISH, NBC, Fox, ABC, NBC
5/24/2018

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.

5/24/2018

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.

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FoodNavigator
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Unilever
5/24/2018

UK-based startup Klevio has unveiled its smart intercom system, which allows users to control locks via an iOS or Android app. The device, called Klevio One, can be retrofitted to electric strike-enabled locks and integrated into existing intercom systems.

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TechCrunch
5/24/2018

Samsung intends to establish research centers in Moscow, Toronto and Cambridge for developing artificial intelligence. The new segment is expected to employ 1,000 advanced AI researchers by 2020.

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Samsung
5/23/2018

Ahold Delhaize is launching a new department in the US called Peapod Digital Labs to drive its e-commerce efforts, ramp up digital sales and hone in on its personalization efforts. The company named JJ Fleeman president and chief e-commerce officer of the new arm.

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Progressive Grocer
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Ahold Delhaize
5/23/2018

Online grocery is all the rage, but because of continuing consumer preferences, physical stores still likely offer the bigger growth opportunity, Pamela Danziger writes. A majority of shoppers still have never ordered groceries online, and most of those who have only do so a few times per year, according to data from Morning Consult.

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Forbes
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Pamela Danziger
5/23/2018

HTC has unveiled its new flagship handset, the U12 Plus, which offers dual cameras, a high-definition display and a pressure-sensitive design. The phone's side buttons are a unique feature, as they rely on haptic feedback rather than mechanical buttons to work.

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The Verge
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HTC