With online grocery eating away at brick-and-mortar players’ market share, Ocado Retail is seeing its revenue rise. The joint venture between British grocery technology company Ocado Group and United Kingdom-based multinational retailer Marks & Spencer announced Tuesday (Jan. 16) in its fourth-quarter 2023 earnings results...
Ocado Group is applying its technology outside the online grocery space for the first time, making it the latest eGrocery company to expand beyond the category. The eCommerce technology company, which has up until now operated primarily in the grocery category, announced Wednesday (Nov. 15)...
During seasons of high spending, such as over the holidays, many consumers are forced to cut back on basic needs such as food and beverages, PYMNTS Intelligence revealed. By the Numbers For the latest installment of “New Reality Check: The Paycheck-to-Paycheck Report,” a PYMNTS and...
As grocers struggle to make their eCommerce businesses as profitable as brick-and-mortar channels, artificial intelligence (AI) can help close the gap. In an interview with PYMNTS, Alex Weinstein, chief digital officer of AI-powered online grocer Hungryroot, explained that predictive inventory capabilities can boost margins by...
March 04, 2024
The Connected Economy 100 Index notched a 1.9% gain as February gave way to March. And of the 10 pillars, only one — the Be Well segment — lost ground, off 0.2%. United Healthcare shares gave up 7.1%. A cyberattack on Change Healthcare, owned by United Healthcare, has reportedly affected a number of pharmacies. “Once […]
September 27, 2023
During seasons of high spending, such as over the holidays, many consumers are forced to cut back on basic needs such as food and beverages, PYMNTS Intelligence revealed. By the...
July 21, 2023
As grocers struggle to make their eCommerce businesses as profitable as brick-and-mortar channels, artificial intelligence (AI) can help close the gap. In an interview with PYMNTS, Alex Weinstein, chief digital...
April 14, 2021
Kroger is debuting a customer fulfillment center (CFC), which will combine “vertical integration, machine learning and robotics with affordable, friendly and fast delivery service for fresh food,” according to a press release. The center will be located in Monroe, Ohio, and powered by Ocado Group, which regularly works with grocery eCommerce, the release stated. The […]
March 19, 2020
The coronavirus is closing malls and leading to layoffs at restaurants while boosting laptop sales amid a move to remote work, among other economic impacts. Here are the latest updates on the...
