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.
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.
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.
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.
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.
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.
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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