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Kroger Q2 profit falls on price cuts as same-store sales rise
Aggressive price cuts took a toll on the nation's largest grocery store operator in its second quarter. Kroger Co.'s net income fell to $353 million, or 39 cents per share, in the quarter ended Aug. 12, from $383 million, or 40 cents per share, in the year-ago period. Its results were in line with the Street estimates. Gross margins fell by 30 basis points. -
Postmates launches new subscriber perk — no more delivery fees
Postmates just made a strategic move in the online delivery war. Knowing that delivery fees can exceed the cost of a food order, the on-demand app-based delivery provider has killed delivery fees for orders over $20. This decision entitles Postmates Unlimited subscribers to free delivery for orders placed with any of its 250,000-plus merchant partners. Postmates members pay a $9.99 monthly subscription fee.

