Kroger was named one of the top 100 places to work in information technology by ComputerWorld, ranking 58th among top organizations across the US. Kroger was noted for developing many of its software solutions in-house.
One year after its acquisition of Whole Foods Market, Amazon has just begun to drive change and innovation across the grocery sector, analysts agreed. "The deal has served as a pointed wake-up call to brick-and-mortar grocers that they could no longer ignore the threat of e-commerce generally, and Amazon specifically, to their businesses," said Ken Fenyo of McKinsey Fast Growth.
One long-term market headwind for grocers will be Americans' increasing habit of dining out instead of cooking at home, which seems to be picking up steam. In 2016 consumers spent 44% of their food dollars on prepared foods, which includes ready-to-eat purchases from groceries, according to the US Bureau of Labor Statistics.
GameStop has received buyout interest from private-equity firms, including Sycamore Partners, and is in talks about potential deals, sources said. The retailer has carved out a niche in used games, but it's struggling to boost sales as more gaming shifts to online streaming.
CVS Health has teamed with the US Postal Service to offer one- and two-day delivery of prescriptions and some over-the-counter purchases for a per-delivery fee of $4.99. The national launch comes amid growing competition from Amazon, which is expanding its sales of medical supplies and considering prescription sales.
BJ's Wholesale Club expects to raise as much as $637.5 million in an initial public stock offering of shares priced between $15 and $17. The retailer, whose 215 stores compete with Costco Wholesale and Sam's Club, was taken private in a $2.8 billion buyout seven years ago.
General Motors recently wrapped up a multiyear effort to reorganize IT operations and bring them in-house, says Chief Information Officer Randy Mott. GM has automated tasks and consolidated its footprint, focusing on two enterprise data centers and four geographically situated innovation centers.
General Mills is introducing YQ by Yoplait, a yogurt brand with up to 17 grams of protein and as little as one gram of sugar in a 5.3-ounce container. Expected on store shelves in about two weeks, the new yogurt is made with ultrafiltered milk to remove more than 99% of the lactose and is being marketed to consumers who are seeking a healthy lifestyle, said Yoplait's Doug Martin.
MAC has worked closely with Aaliyah's family to create a beauty collection in tribute to the late singer, in response to a social media push by fans. MAC x Aaliyah debuts tomorrow with lip products, an eye palette and a bronzing powder, all inspired by the artist's looks.
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