When you’re hungry for dinner and can’t decide between delivery, take-out, or cooking at home, the grocery chain Albertsons hopes you’ll choose a Plated meal kit from one of their stores that combines elements of all three.
The do-it-yourself food prep packages are available at hundreds of Albertsons stores across the country, Plated CEO and co-founder Josh Hix said. They give busy people who don’t want to commit to a meal subscription service a one-off option.
“We can’t profitably ship just one meal,” Hix said Friday in an interview on Cheddar. “They want to buy at the last minute, we can’t profitably ship at the last minute. So it’s really about serving lots and lots of different types of customers.”
Each meal kit costs around $16, said Hix. Consumers can order online and pick their meal kit up, or go to the store and buy them off the shelf.
Albertsons, which owns Safeway and ACME stores, acquired Plated last summer for $200 million. The purchase was designed to give the brick-and-mortar retailer an entry into the growing meal kit market.
The grocery chain Krogers announced recently that it will begin carrying meal kits in its stores, as will Walmart, which plans to have them in more than 2,000 stores by the end of the year. Blue Apron and Weight Watchers plan to sell kits at retailers too.
Amazon, which acquired Whole Foods last year, filed a patent for a new meal kit service to be sold in stores even though it already sells kits online.
“I think the retail presence is critical,” Hix said, noting that online doesn’t work for all customers.
“You end up with a lot of people that may try it and love the product but don’t love the purchasing model.”
For the full interview, [click here](https://cheddar.com/videos/make-room-for-plated).
What do Arnold Schwarzenegger, Aubrey Plaza, and Tom Brady all have in common? You'll see them on Super Bowl Sunday, but not on the field. If you only watch the Super Bowl for the ads, here's a sneak peek.
The Federal Communications Commission knows (to loosely quote Drake) "when that [AI robocall] hotline bling, that can only mean one thing" — deception. The agency says bad actors have been using these voices to misinform voters.
David Stryzewski, CEO of Sound Planning Group, breaks down Disney’s latest results, from adding Taylor Swift to building out ESPN, and why Bob Iger’s leadership is crucial.
Kevin Cohee, CEO and chairman of OneUnited Bank, discusses the power of financial literacy and how education and technology can help bridge the racial wealth gap.
Alex McGrath, Chief Investment Officer at NorthEnd Private Wealth, discusses why the A.I. hype can’t power the market forever and how to position investments in the current market.
Paul Verna of Insider Intelligence breaks down how the company is positioned, whether they can make their streaming service profitable, and the upper limit of streaming bundle prices.
From Flamin’ Hot Cheetos to Sweet Heat Starburst, America’s snacks are getting spicier. Now, Coca-Cola wants in on the trend. The beverage giant introduced Coca-Cola Spiced, the first new permanent offering to its North American portfolio in three years.
Taylor Swift’s camp is hitting Jack Sweeney, a junior at the University of Central Florida, with a cease-and-desist letter that blamed his automated tracking of her private jet for tipping off stalkers as to her location.