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boxed in talks to be acquired by kroger for $500 million


new york-based boxed, the startup for buying food and household items in bulk, is in talks to be acquired by kroger for about $500 million. other retailers are also expected to be making bids.the news was first reported by forbes and confirmed to techcrunch by a source with knowledge of the situation. we’re hearing that the company is aiming to make a decision this weekend.founded in 2013, boxed is effectively an online costco competitor. with just a few taps, customers can order large boxes ranging from cereal to laundry detergent. the items are priced at a discount.in an era where jet can sell to walmart for $3 billion, it’s unsurprising that boxed would generate buyer interest. the race is on to keep up with amazon and retailers are hoping to snap up emerging platforms.but it hasn’t bee






kroger seeks to repel amazon’s onslaught


kroger co. is looking for a sales bump to show investors and analysts it can withstand amazon.com inc.’s rapid advance in the grocery business.shares in the nation’s largest supermarket by store count and sales have slid 35% this year, erasing more than $7 billion in value. investors are watching whether kroger and other grocers can hold on to customers after amazon’s takeover of whole foods market inc. the company reports...






kroger to sell own line of clothing aimed at the family


new york (ap) — kroger is launching its own fashion line starting next fall.the nation’s largest supermarket chain said friday that the brand will first make its debut at fred meyer and kroger marketplace stores, totaling 300 locations across the country. the casual collection will span from children to teens to adults.in recent years, kroger co. has sold some clothing under different national brands.the move comes as traditional grocery chains have faced increasing competition from all fronts, from discounters like walmart to amazon to high-end grocers. but amazon’s purchase of whole foods market inc. over the summer has dramatically raised concerns about the viability of traditional grocers.most read storiesunlimited digital access. $1 for 4 weeks.kroger, based in cincinnati, operates mo






king soopers parent kroger sees same-store sales slide – the denver post


kroger co., the parent company of king soopers, said comparable-store sales unexpectedly fell during its latest quarter as the company said it was continuing to focus on market share.shares in the supermarket chain, which have slipped 3.7 percent in the past three months, fell 4 percent in early trade.excluding fuel sales, identical-supermarket sales, a closely watched metric, fell 0.7 percent for the fourth quarter, compared with a 3.7 percent rise a year earlier and below the 0.1 percent increase expected by analysts polled by factset.for 2017, kroger expects comparable-store sales growth of zero to 1 percent, below analysts’ expectations of 2.1 percent growth.the supermarket chain expects annual net earnings to range from $2.21 to $2.25 a diluted share; analysts polled by thomson reuter






amazon cuts prices at whole foods by up to 43 percent on first day


amazon spent its first day as the owner of a bricks-and-mortar grocery chain cutting prices at whole foods market.at the whole foods on 57th street in manhattan, organic fuji apples were marked down to $1.99 a pound from $3.49 a pound; organic avocados went to $1.99 each from $2.79; organic rotisserie chicken fell to $9.99 each from $13.99; and banana prices were slashed to 49 cents per pound from 79 cents.amazon acquired the upscale supermarket chain for $13.7 billion, sending competitors such as kroger, costco and wal-mart reeling. whole foods earned a reputation for high prices, getting the nickname whole paycheck.shares of kroger fell as much as 2 percent in early trading on monday.






king soopers parent company shares slide as grocery chain is battered by price f


supermarket giant kroger co., the parent company of king soopers and city market, posted a second straight quarter of same-store sales declines, as the company continues to feel the pressure of a price fight to attract customers.shares of the company, which had fallen 12 percent so far this year through wednesday’s close, dropped another 16 percent in midday trading as the grocer also cut its forecast. that one-day drop is pacing to be the biggest for kroger since 1999.kroger had posted a 13-year streak of growing quarterly sales before the trend downward began.same-store sales, excluding fuel, fell 0.2 percent in kroger’s first quarter, the cincinnati-based company said on thursday, compared with a 2.4 percent rise in the same quarter a year earlier. analysts polled by consensus metrix ha






kroger, the nation's largest grocer is suing rival lidl, which has 10 u.s. store


kroger, the country's largest supermarket chains, is suing european grocery giant lidl, alleging that its "preferred selection" in-house brand is too similar to kroger's "private selection" label.the lawsuit, filed june 30, comes as u.s. supermarkets brace for increased competition from german discount chains aldi and lidl, and shows just how important private-label brands, which were once considered lower-quality generic products, have become to the bottom lines of supermarkets.in the filing, kroger says lidl is trying to benefit by "causing confusion" between the two brands. it also alleges that lidl's new in-house label, which was registered in september, "dilutes" kroger's store brand."lidl has competed unfairly and continues to compete unfairly with kroger," the lawsuit states. "as a






herbalife held unsuccessful sale talks


new york — herbalife says that it was in talks to be acquired and taken private, but that those negotiations ended last week.the nutritional supplement company said monday that in response to those talks, it is selling $600 million worth of its shares to existing investors in an auction. herbalife, which has its u.s. headquarters in los angeles, says it wants to give shareholders a chance to buy more stock in case the company is taken private within two years. the maneuver, known as a modified dutch auction, will allow shareholders to pay between $60 per share and $68 per share. the offer ends next month.shares of herbalife ltd. are up 8 before the opening bell.






amazon whole foods


22 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


7 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


20 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


4 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


18 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


23 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


10 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


16 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


19 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


6 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


14 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


12 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


17 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


13 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


11 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


3 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


8 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


yesterday by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


9 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


5 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


15 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






amazon whole foods


21 hours ago by josh constineamazon scared investors away from competing grocery stores today when it acquired whole foods for $13.7 billion. wal-mart, target, costco, kroger, and more all saw their share prices sink dramatically. amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help whole foods run circles around its old-fashioned rivals. as… read more






kroger takes $7 billion hit as amazon deal compounds struggles – the denver post


kroger co. was already in trouble last week — then amazon said it would buy whole foods.the biggest u.s. supermarket chain lost more than $7 billion in market value combined on thursday and friday, the biggest two-day loss for the company since december 1999. the 19 percent plummet on thursday was thanks to a lousy earnings report. the 9 percent drop the next day was courtesy of amazon.com inc.’s announcement about acquiring whole foods market inc. if amazon pulls that deal off, the competition will be even more cutthroat in an industry known for razor-thin profit margins.and kroger has been struggling, battered by a record bout of food deflation. it has spent several years lowering prices and focusing on fresh produce in a bid to thwart giant wal-mart stores inc., which generates more tha






why you should be drinking boxed wine


illustration by sam woolley.boxed wine has a bad rap. people look down on it because it doesn’t come in a fancy bottle, and assume the contents are nasty and cheap. while that may be true for some brands, a lot of boxed wine is just as good or better than the stuff you drink with a nice dinner. plus, it’s easy to transport, stays fresh longer, costs less, and is better for the environment.enjoying wine isn’t something you should be ashamed of. it’s also not a one-way ticket to the…read more read more a couple months ago i sat down to a fancy home-cooked dinner in a lovely house. my host asked if i’d like some wine, and when i said “hell yes” she grabbed an unassuming cardboard box camouflaged on the kitchen island, deployed a spout from it, and poured me a glass. i joked that i thought all






kroger considers selling its convenience stores, giving investors reason for opt


kroger co., battered for months by intense grocery competition as amazon.com muscles into the industry, has finally given investors cause for optimism.the supermarket giant kicked off its biggest rally in more than two years after saying it might sell its convenience-store business, an attempt to capitalize on a merger wave in that field. the $1.4 billion operation, which spans 18 states, includes names such as tom thumb and quickstop."considering the current premium multiples for convenience stores, we feel it is our obligation as a management team to undertake this review," chief financial officer mike schlotman said in a statement wednesday.kroger is evaluating operations at a time when amazon.com is pushing into the supermarket business with its $13.7 billion deal for whole foods. the






target names longtime kroger executive jeff burt head of groceries


las vegas – target corp. has hired a longtime kroger executive to oversee its struggling grocery business.the minneapolis-based retailer selected jeff burt to be its senior vice president of grocery, fresh food and beverages. he will start april 10.burt, who has been with kroger for 30 years, was most recently president of its fred meyer division, which is based in portland, ore., and operates about 130 stores in alaska, idaho, oregon and washington. he was previously in charge of kroger's central division."he understands the food business from a to z," target ceo brian cornell said of burt on monday during a keynote speech at shoptalk, a digital commerce conference in las vegas.but at the same time, while target wants to offer customers a great food experience, cornell noted that grocerie






this week: nissan leaf, jobless claims, kroger earnings


a look at some of the key business events and economic indicators upcoming this week:a new leaf?japanese automaker nissan motor is expected to show off a new version of its leaf electric car. in july, nissan said the remodeled leaf would help keep nissan among the world leaders in electric vehicles. u.s. sales of the leaf, which was launched in 2010, have risen 22 percent through august to 9,685.labor market bellwetherthe labor department reports its latest weekly tally of applications for unemployment benefits on thursday. jobless aid applications ticked up two weeks ago to 236,000. the less volatile four-week average declined 1,250 to 236,750. the number of people collecting unemployment benefits has fallen 9.5 percent over the past 12 months to 1.94 million.initial jobless benefit claim






amazon doesn’t need to make money on groceries, putting pressure on wal-mart, kr


amazon.com inc. will bring lower prices to its new whole foods market inc. division monday. it also will bring a new rule book.while amazon doesn’t need to make money from its grocery division yet, food sales are crucial for traditional players like kroger co., wal-mart stores inc. and target corp. the extremely competitive food-retail business demands high capital investments for low margins. supermarkets’ success has mainly...






decades-old slaying of righteous brothers singer’s ex solved


los angeles (ap) — investigators used a controversial dna testing method to solve the decades-old killing of the ex-wife of righteous brothers singer bill medley, the los angeles county sheriff’s department said.karen klaas was attacked jan. 30, 1976 as she returned to her home in hermosa beach. the 32-year-old was ually aulted, strangled with her pantyhose and never regained consciousness. she died a few days later at the hospital.the sheriff’s department said friday that the case “was solved through the use of familial dna, which identified the killer,” but provided no other details.the technique, which has raised ethical issues in the forensics community, allows investigators to search law enforcement databases to identify likely relatives of the person who may have committed the crime.