Monday, November 20, 2017

© Reuters.  Retailers test out online food stamp program© Reuters. Retailers test out online food stamp program

  • The U.S. Department of Agriculture’s test of a pilot program to allow online grocery stores to accept food stamps could have big implications, observes Axios.
  • Suppliers that have signed up – and in some cases are up and running – include Wal-Mart (NYSE:WMT), Amazon (NASDAQ:AMZN), Kroger (NYSE:KR) through Harris Teeter, Safeway and startup FreshDirect. Retailers that could feel a pinch from the development include rural stalwarts Dollar General (NYSE:DG) and Dollar Tree (NASDAQ:DLTR).
  • The number of Americans relying on food stamps through the Supplemental Nutrition Assistance Program is around 43M.
  • Now read: Wal-Mart: Fully Priced, Questionable Buyback

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