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 Amazon.com 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 StockNews.com POWR Rating of A (Strong Buy), and is ranked #2 of 51 stocks in the Internet category.

9 "Must Own" Growth Stocks For 2019

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NASDAQ: SALM | Salem Media Group, Inc. - Class A Common Stock News, Ratings, and Charts

Best & Worst Performing Stock Industries for May 17, 2019

Led by ticker SALM, "Entertainment - Radio" was our best performing stock industry of the day, with a 1.99% gain.
NASDAQ: CRAY | Cray Inc News, Ratings, and Charts

Best & Worst Performing Small Cap Stocks for May 17, 2019

CRAY leads the way today as the best performing small cap stock, closing up 22.51%.
NYSE: LGF.A | Lions Gate Entertainment Corporation Class A Voting Shares News, Ratings, and Charts

Best & Worst Performing Mid Cap Stocks for May 17, 2019

LGF.A leads the way today as the best performing mid cap stock, closing up 14.71%.
NASDAQ: DISCB | Discovery, Inc. - Series B Common Stock News, Ratings, and Charts

Best & Worst Performing Large Cap Stocks for May 17, 2019

DISCB leads the way today as the best performing large cap stock, closing up 8.19%.
NYSE: UNH | UnitedHealth Group Incorporated Common Stock (DE) News, Ratings, and Charts

Best & Worst Performing Mega Cap Stocks for May 17, 2019

UNH leads the way today as the best performing mega cap stock, closing up 1.94%.

Read More Stories


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 1.4282 seconds.