The top stories of the day so far:
CVS has a great quarter and adds Physicians to their payroll
CVS announced earnings that beat expectations, seeing revenue rise by 10% compared to a year ago. They also raised their forecast for the rest of the year. Additionally, CVS announced that they are working with ‘speed and urgency’ to create physician-staffed primary-care practices. CVS has invested a lot in health over the years, but this really is taking it to the next level.
Kroger launches Boost membership program
This new membership program that offers two options for no-fee delivery service; unlimited no-fee delivery within 24 hours for a $59 annual fee, or in as little as two hours for a $99 fee. The program has rolled out in the Cincinnati, Atlanta, Indianapolis and Columbus, with additional ones set to be added in 2022. Delivery and eCommerce are going to be a huge focus for Kroger as they start to build their presence in geographies with physical stores – such as Florida. Lots more to come here from the Kroger Company.
Nuro raises $600 million from investors
Our favorite robot delivery vehicle maker Nuro has raised $600 million in Series D financing from a group of investors that includes Kroger and Google. They also announced entering a five-year strategic partnership with Google Cloud under which it will use computing and storage capacity provided by the internet company to help develop Nuro’s self-driving vehicles.
Circle K to test check-out free tech in their stores
Circle K stores in Tuscon, Arizona will serve as the initial rollout of a check-out free option via Grabango technology in a partnership with Alimentation Couche-Tard Inc. Convenient stores getting more convenient, something we are definitely in favor of!
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