News

Kroger and Lucky’s Market announce strategic partnership

BY Gina Acosta

CINCINNATI and BOULDER, Colo. — Kroger is forming a new partnership with Lucky's Market that aims to accelerate growth in new and existing markets.

Kroger announced that it has made a meaningful investment in Lucky's, a specialty grocery store chain focused on natural, organic and locally-grown products.  The financial terms of the transaction, which closed Friday, were not disclosed.

Founded in 2003 and based near Boulder, Colo., Lucky's Market and its affiliates employ more than 1,800 associates and operate 17 stores in 13 states throughout the Midwest and Southeast United States.  With stores averaging approximately 30,000 square feet, Lucky's layout resembles an indoor farmers market, with "garage door" entrances, field bins, barrels and wooden crates.  

Kroger's affiliate Main & Vine also recently launched a community-focused grocery store concept in Gig Harbor, Wash., that mixes local, specialty and everyday products, all at affordable prices.

Kroger operates 2,778 retail food stores under a variety of local banner names in 35 states and the District of Columbia.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

GBI Research: Opioid market to surpass $17 billion by 2021

BY David Salazar
LONDON — GBI Research published a report Thursday that noted the U.S. market for opioids will be growing in the coming years. According to the report, the opioid market will hit $17.7 billion by 2021, up from $11 billion in 2014, with a compound annual growth rate of 7%. 
 
The report attributes the growth to a concurrent increase in chronic pain in the United States, stemming from an aging population and more incidences of such chronic diseases as diabetes, obesity, cancer, arthritis and cardiovascular disease. 
 
“Approximately 116 million Americans experienced chronic pain in 2014, which is higher than the incidence of diabetes, heart disorders and cancer combined, and as many as 25 million people experienced moderate to severe pain with significant pain-related activity limitations and diminished quality of life,” GBI Research analyst Deekshita Allavarapu said. 
 
The report comes amid new measures aimed at curbing opioid abuse from the Obama administration and new clinical guidelines that seek to reduce the number of opioids prescribed. However, though this might mean difficulty for manufacturers of opioids, it also presents opportunities for businesses that want to make drugs harder to abuse. 
 
“The result of these possible market restrictions, however, is that opportunities may open up for the development of abuse-deterrent opioids and of products that treat or prevent overdoses,” Allavarapu  said. “Such drugs include Naloxone, which reverses the effect of opioid overdose, Remoxy, a form of controlled-release oxycodone, and Embeda, which combines morphine with an antagonist to reduce the effects of the morphine if necessary.”
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Escalating use behind Amazon.com tripling of Dash Button offering

BY Michael Johnsen
SEATTLE – Amazon.com on Thursday tripled the number of brands that can be replenished through the online retailer's Amazon Dash Button, including new brands like Doritos, Energizer, Red Bull and Starbucks. Even Trojan can now be re-ordered through Amazon. 
 
And with good reason, Amazon's Dash Button orders have grown by more than 75% in the last three months and now take place more than once a minute, the retailer reported. 
 
"We’re thrilled with the positive response we’ve seen for Dash Buttons — and we heard loud and clear from customers that they wanted more brands, more categories and more products in the program. We’re excited to now offer over 100 Dash Buttons representing top-name brands across dozens of retail categories and thousands of product options,” stated Daniel Rausch, director of Amazon Dash. 
 
“Dash Button makes shopping easy, and fun. We’ve seen great engagement from our customers and are excited to bring more brands to the Dash Button lineup, including favorites like Lysol, Airborne and Air Wick,” commented Taryn Mitchell, global VP Digital Sales, Reckitt Benckiser.
 
Dash Buttons are available to Prime members for $4.99 each, and they’re essentially free — with the first order through a Dash Button, members receive a $4.99 credit to their Amazon account. When a customer is running low on one of their everyday essentials, they can simply press a Dash Button to automatically reorder the item with free Prime shipping. 
 
 
 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?