Alphabet Inc Class A (GOOGL) Partners Up on Deal to Sell Groceries Online

NASDAQ: GOOGL | Alphabet Inc. - Class A Common Stock News, Ratings, and Charts

GOOGL – The tech giant is teaming up with Carrefour SA to offer groceries online in France.

Alphabet Inc (NASDAQ:GOOGL) is officially dipping its toes into selling groceries online. The tech giant has agreed to a deal to team up and bring even more grocery shopping options to customers in France.  

Bloomberg has the details on Google’s new partnership.

Alphabet Inc.’s Google entered a deal with Carrefour SA to sell groceries online in France in what the retailer said was the first time fresh food will be marketed through the Internet giant’s platforms.

By early 2019, French shoppers will be able to buy Carrefour’s products through Google platforms including Home, Assistant and the Google shopping destination in France, the retailer said in a statement. Carrefour didn’t comment on the financial structure of the deal.

Marie Cheval, Carrefour’s head of digital transformation, offered up some additional thoughts on the deal in a phone interview. “This deal is a transformative measure for Carrefour to become the leader in grocery e-commerce, which is the first pillar of the turnaround plan announced in January,” Cheval said. “This is the first time groceries will be sold through Google’s interfaces in France — and the first time for fresh food in the world.”

Digital offerings in the French supermarket business are ramping up as of late, including a recent deal between Inc.’s Prime service and Casino Guichard Perrachon SA to offer products online.

Alphabet Inc Class A shares rose $4.18 (+0.36%) in premarket trading Wednesday. Year-to-date, GOOGL has gained 9.40%, versus a 5.01% rise in the benchmark S&P 500 index during the same period.

GOOGL currently has a POWR Rating of A (Strong Buy), and is ranked #2 of 51 stocks in the Internet category.

GOOGL at a Glance

GOOGL Current POWR Rating™
Overall POWR Rating™
GOOGL Current Price $1,099.12 0.88%
More GOOGL Ratings, Data, and News

GOOGL Price Reaction

The day of this event (Jun. 13, 2018)
GOOGL Closing Price$1,144.23 0.34%
GOOGL Volume1,715,000
7.58% from avg
Leading up to this event
GOOGL 1-mo returnN/A%
After this event
GOOGL 1-day return1.03%
GOOGL 3-day return2.99%
GOOGL 5-day return3.03%

GOOGL Price Chart

The Top Stocks For 2019

More Alphabet Inc. - Class A Common Stock (GOOGL) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All GOOGL News
Page generated in 0.8009 seconds.