Kroger, Instacart Launch New Service For Faster Delivery

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  • Kroger Co KR and online grocery platform, Instacart has launched Kroger Delivery Now, a new service powered by a virtual convenience store.
  • The new service will provide customers the fresh groceries and household essentials in as fast as 30 minutes.
  • "Kroger Delivery Now is a differentiated solution in the e-commerce industry, not just the grocery sector," said CEO Rodney McMullen.
  • With the launch of Kroger Delivery Now, Instacart is also unveiling the Convenience Hub on the Instacart Marketplace.
  • Kroger and Instacart first partnered in 2017 and offer two-hour grocery delivery and now 30-minute delivery nationwide.
  • Price Action: KR shares are trading lower by 2.59% at $41.78 on the last check Tuesday.
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