The grocery delivery wars have a new challenger.
Long a two-horse race between Amazon and Walmart, the playing field may have shifted with Kroger’s (NYSE: KR) acquisition of Albertsons (NYSE: ACI), combining the second- and fourth-largest grocers in the country in terms of market share.
The $25 billion purchase is among the largest in the history of the U.S. grocery industry and is currently under scrutiny by regulators with the Federal Trade Commission. But if the deal holds up, Kroger and...
As the largest retailer in the world, it’s no surprise that Walmart has poured money into innovative fulfillment technologies like drone delivery and advanced robotics.
In particular, the company has been focused on modernizing its warehouses with automation. But while it owns a majority stake in warehouse robotics firm Symbotic, which in May brought robots to all 42 of its regional distribution centers, the retailer until this week didn’t own a warehouse tech company outright.
That changed...
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