Last week, we found out meat vending machines are a thing. This week, it’s baby vending machines. Who knew?
Here’s the top news of the week:
Target unveils new private label pet food—Kindfull. Moderately priced, sustainability-focus dog and cat food is a recipe for success. Speaking of, Target has a great track record with launching private label brands, with Good & Gather becoming a billion dollar brand (their 10th) in a year.
Wakefern pilots micro-fulfillment for ecomm. They’re partnering with Kardex for a pilot. Add another feather to the MCF model’s cap, who has the backing of Walmart, Instacart, Albertson’s, and more. Kroger, with Ocado, is one of the few retailers operating with a CFC.
Wendy’s expands their ghost kitchen game. Opening 700 ghost kitchens by 2025, Wendy’s is responding to growing delivery demand that aggressively eats margins. They’re partnering with Reef Technology and (hope to see) operational efficiency generate a positive ROI. Shares rose +3.7% beating expectations in their latest earnings report.
CVS enters the future of digital health with Aetna Virtual Primary Care. In a word: telehealth. A slew of benefits for the consumer, CVS is raising the bar on virtual care. This omnichannel approach is the future, especially in the face of COVID-variants, for patient adherence and ease of access.
Ahold Delhaize Q2 results beat expectations. While they faced YOY decline in ID sales (-1.5% US), two year stacked was up +19.1%. AHD raised full year earnings and operating margin guidance.
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