In the past year, Kroger and other grocery chains started to see dollar signs in the new industry and have started to offer their own meal delivery services.
This acquisition is Albertson latest example of meeting customers however and wherever they want to shop, said the grocers' CEO and chairman Bob Miller.
Albertsons Cos. acquired meal-kit delivery company Plated in the culmination of swift deal talks that were sparked by the Amazon-Whole Foods tie-up, said a person familiar with the matter who asked not to be identified because the matter is private.
Albertsons has purchased meal kit company Plated, and the move could vault the retailer ahead in an area in which it had been lagging behind.
The price of the Albertsons deal was not disclosed.
"Plated tackles things from that premium, upscale, restaurant-quality meal idea, and that's something that when you look at the stores and you look at the offers that your traditional supermarkets. they're coming at it at a less sophisticated level", Sheehan said.
Florida State - North Carolina State Preview
And he'll need "it" to lead a team that's been idle for an unexpected and unprecedented amount of time during the regular season. In 1980, the Seminoles had 28 days between a November 8 game against Virginia Tech and a December 6 game against Florida.
Plated, which launched in 2012 and was featured on Shark Tank, distributes its food nationally and is considered one of America's five largest meal kit providers.
The acquisiton of Plated by Albertsons on Wednesday reverberated across retail as Albertsons successfully incorporated two key customer-capture elements into their business model - a personalized product selection coupled with a subscription option - and at the same time helped accelerate adoption of a trending meal kit service offering.
"As meal kits continue to gain traction in the marketplace, we believe the winning formula combines choice, flexibility, culinary expertise, and the ability for customers to buy across channels - all of which we are now singularly positioned to deliver in collaboration with Albertsons Cos.", said Hix.
Stock at Blue Apron jumped 2% during trading after hours after it had traded down during the day by over 5%.
After Blue Apron's tumultuous first weeks as a public company, some have questioned whether a meal-kit maker should exist as a standalone company, Bartashus said.
Albertsons' expansion into meal kits, which deliver fresh ingredients and recipes to subscribers, comes less than a month after Amazon.com Inc's (AMZN.O) entry into the grocery market with its acquisition of Whole Foods Market. So far, investors have been anxious about Blue Apron's scalability and massive marketing costs, but with a larger brand name behind it, those concerns should be somewhat satisfied. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Variety Talk Series victor " This Week with John Oliver " is now required viewing like "The Daily Show" once was. She shared the Outstanding Writing for a Comedy Series win with Aziz Ansari for an episode of " Master of None ".
He added that Syrian government forces are in Deir el-Zour city proper, while SDF forces are in the surrounding province. Moscow claimed the USA backed forces were impeding the battle, but the US dismissed the charge.
Last month, Trump had issued the sternest warning yet by an American leader to Pakistan for providing safe havens to terrorists. As for the prime minister of Pakistan, Shahid Khaqan Abbasi, he comes to NY less than two month after assuming his position.
Little Big Town joined them onstage and all three acts launched into a spirited take on ELO's 1979 smash, "Don't Bring Me Down". Two enhanced ticket experiences, the "Happy People" and " The Breaker " experiences, will be offered throughout the tour.
In it, Knight says he believes Tupac is alive because he was doing so well when Knight saw him in the hospital. The mystery surrounding the unsolved murder of Tupac Shakur continues to fascinate rap fans 21 years later.
Central Bank & Trust Co increased Ishares Edge Msci Min Vol (EFAV) stake by 27,010 shares to 139,755 valued at $8.56M in 2016Q4. It improved, as 41 investors sold TWX shares while 376 reduced holdings. 73 funds opened positions while 283 raised stakes.
Spot gold was down 0.6 percent at $1,311.51 an ounce by 1346 GMT, having earlier touched $1,309.63, its lowest since August 31. Brent crude, used to price global oils, gave up 34 cents, or 0.6 percent, to close at $55.14 a barrel in London.
The fund owned 15,698 shares of the entertainment giant's stock after acquiring an additional 7,727 shares during the period. On average, equities research analysts predict that Walt Disney Company will post $5.81 EPS for the current fiscal year.
Another official with the Trump administration, Secretary of State Rex Tillerson, also appeared on CBS to highlight the point. Prime Minister Theresa May responded to the comments in an interview on ABC's "This Week".
CVS Health Corporation, launched on August 22, 1996, together with its subsidiaries, is an integrated pharmacy healthcare company. On average, equities analysts predict that CVS Health Corporation will post $5.88 earnings per share for the current fiscal year.
Rodgers: Dembele will be back for Old Firm clash
Dembele ended last season as Celtic's top goalscorer and was linked with big-money moves away from Celtic Park all summer. I am here because of Celtic. " I love what I'm doing, I'm always trying my best to do what I can for the club ".
Radius Health Inc (RDUS)'s Technicals Placed in the Limelight
Stock's minimum price target estimates has been figured out at $7 while the maximum price target forecast is established at $9. Is WAC's cost structure indicative of a high beta? Checking in on some other technical levels, the 14-day RSI is now at 69.86.
(NASDAQ:AMAT) and Ford Motor Company (NYSE:F)
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $50.33B. Applied Materials, Inc . has a one year low of $27.56 and a one year high of $48.53. (NASDAQ: AMAT ) for 1.30M shares.
Apple Shares Tumble on Weak iPhone 8 Preorder Reports
The production schedule is a month later than what analysts expected in August and two months later than the expectations in June. The problem here seems to be the OLED display for the iPhone X, which seems to have a lower than ideal yield rate.
Emma Stone discusses her lifelong struggle with anxiety
As a child, she believed she would never be able to leave her native Arizona, but by age 15 she was able to move to Hollywood. Stone was named Best Actress at the 89th Academy Awards for her role as aspiring actress Mia Dolan La La Land .
Sabrina the Teenage Witch getting 'gritty' reboot
The original Sabrina the Teenage Witch sitcom ran on ABC from 1996 to 2003 and featured Melissa Joan Hart in the lead role. After months of hints and speculation , on Wednesday The CW and Warner Bros .
Klopp 'really sick' of Liverpool FC defending
I was just delighted to get in at half-time, and then even more delighted to see they had taken Coutinho off at half-time. But as long as we concede goals like we conceded today again, then it is quite hard .
Mattis: No need yet to shoot down NKorean missiles
The fear remains that Kim Jong Un may soon develop the ability to target the USA with a powerful, nuclear-tipped missile. US ambassador to the United Nations Nikki Haley has defended US President Donald Trump's threats against North Korea.