On Thursday Amazon introduced free two-hour delivery of certain Whole Foods Market items between the hours of 8am and 10pm in select zip codes in Austin, Cincinnati, Dallas and Virginia Beach. Orders can be made via primenow.com or the Prime Now app.
Amazon expects to expand the service across the U.S. later this year.
According to Amazon, Prime customers can shop for thousands of Whole Foods items, including produce, bakery, dairy, meat, seafood, floral and everyday groceries. Select alcohol is also available for delivery. Prime members receive two-hour delivery for free, and "ultra-fast" delivery within one hour for $7.99 on orders of $35 or more.
Many traditional supermarkets already offer home delivery services. Ahold (Giant, Stop & Shop) was one of the originators with Peapod, ShopRite offers delivery provided by individual stores, and Acme partnered with Instacart earlier this year to delivery orders "in as little as two hours."
Showing posts with label Cincinnati. Show all posts
Showing posts with label Cincinnati. Show all posts
Saturday, February 10, 2018
Kroger to sell its 784 convenience stores
Kroger announced last week that it reached an agreement to sell its convenience store business for $2.15 billion to EG Group, a petroleum and convenience store retailer based in Great Britain. The deal includes 784 stores across 18 states.
The EG Group plans to continue operating the stores under their current banners (Turkey Hill, Kwik Shop, Quick Stop, Tom Thumb and Loaf 'N Jug), and plans to establish its North American headquarters in Cincinnati, where Kroger is based.
Burt Flickinger III, managing director at Strategic Resource Group, doesn't support the sale.
"For Kroger to sell more than 700 convenience stores when they had the opportunity to get to 1,700 stores, it is really regrettable that the company succumbed to this activist pressure because the c-stores were performing so well across all banners."
Flickinger believes that Kroger will miss out on the opportunity to further grow the business by installing Amazon lockers in the c-stores, as Marathon Speedway currently does.
The EG Group plans to continue operating the stores under their current banners (Turkey Hill, Kwik Shop, Quick Stop, Tom Thumb and Loaf 'N Jug), and plans to establish its North American headquarters in Cincinnati, where Kroger is based.
Burt Flickinger III, managing director at Strategic Resource Group, doesn't support the sale.
"For Kroger to sell more than 700 convenience stores when they had the opportunity to get to 1,700 stores, it is really regrettable that the company succumbed to this activist pressure because the c-stores were performing so well across all banners."
Flickinger believes that Kroger will miss out on the opportunity to further grow the business by installing Amazon lockers in the c-stores, as Marathon Speedway currently does.
Friday, July 12, 2013
Kroger to purchase Harris Teeter supermarkets
Cincinnati-based Kroger has agreed to purchase North Carolina-based Harris Teeter for $2.5 billion, or $49.38 per share plus the assumption of $100 million in debt. Kroger is the largest traditional grocery chain in the U.S. with approximately 2,500 supermarkets in 31 states.
According to reports, Kroger likes Harris Teeter's strong position in growing markets, like the Mid-Atlantic and Southeast. Acquiring the company allows Kroger to enter certain markets - like Washington D.C. and Charlotte, NC - less expensively than through new store development.
Kroger is expected to retain the Harris Teeter name, and although Kroger mostly operates unionized stores and Harris Teeter does not, analysts don't believe the Harris Teeter stores would become unionized.
Harris Teeter currently operates over 200 stores in eight states and the District of Columbia.
According to reports, Kroger likes Harris Teeter's strong position in growing markets, like the Mid-Atlantic and Southeast. Acquiring the company allows Kroger to enter certain markets - like Washington D.C. and Charlotte, NC - less expensively than through new store development.
Kroger is expected to retain the Harris Teeter name, and although Kroger mostly operates unionized stores and Harris Teeter does not, analysts don't believe the Harris Teeter stores would become unionized.
Harris Teeter currently operates over 200 stores in eight states and the District of Columbia.
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