Facing inflation and fierce competition, grocery chains are adopting AI tools like Flashfood to dynamically price perishable items nearing their best-by dates. This strategy helps reduce food waste, traditionally causing billions in losses, by converting potential shrink into revenue through targeted discounts. AI-driven pricing also attracts more shoppers who visit multiple stores for deals, improving traffic and margins without broad price cuts. Kroger and other chains report increased sales and reduced waste, signaling a shift toward tech-enabled, precise pricing to balance affordability and profitability.
Kroger anticipates selling 25 million pounds of Halloween candy this season, featuring a wide range of chocolates, gummies, and candy corn. The retailer highlights that 57% of U.S. adults celebrate Halloween for a full season, with many buying treats...
Kroger remains a Buy as the company shows resilience with 5% adjusted EPS growth in Q2 despite challenges from outbreaks. E-commerce sales grew 20%, and net debt remains manageable at 1.91x EBITDA. The new CEO is driving a turnaround strategy emphasi...
