Cost of delivering online orders halved during pandemic, says report
The soaring popularity of online grocery delivery has made it more cost-effective for supermarkets using stock-pick models
Source: thegrocer.co.uk
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Kroger to 'lead with fresh, accelerate with digital' in 2021
Executives break down strategic game plan in Investor Day event The Kroger Co. detailed this year’s strategic growth plan — led by fresh foods and digital — at its virtual 2021 Investor Day conference. Chairman and CEO Rodney McMullen told analysts and investors yesterday that Cincinnati-based Kroger aims to deliver a total shareholder return of 8% to 11% annually, backed by a financial model that now includes a higher operating profit base and a “clear path” to earnings growth of 3% to 5%. In fiscal 2020, ended Jan. 30, Kroger added $10 billion to its top line. Sales totaled...
Source: supermarketnews.com