Finances & Deals: Page 10
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Michael M. Santiago/Getty Images via Getty Images
DoorDash reports significant growth in its grocery, convenience businesses
In its third-quarter earnings, the company said the number of its U.S. consumers who have ordered from a grocery store has more than doubled in the past year.
By Catherine Douglas Moran • Nov. 4, 2022 -
Courtesy of Albertsons
State AGs sue to stop Albertsons’ $4B dividend
The payout would weaken the grocer as it looks to merge with Kroger, officials of California, Illinois, Washington and Washington, D.C., claimed in a pair of lawsuits.
By Sam Silverstein • Nov. 3, 2022 -
Courtesy of Albertsons
Albertsons defends $4B dividend amid opposition from attorneys general
The grocer is looking to ward off concerns that the dividend, which is set for Nov. 7, would reward investors while weakening Albertsons’ financial health.
By Catherine Douglas Moran • Oct. 27, 2022 -
Courtesy of Walmart
5 Walmart suppliers team up on renewable energy buy
Levi Strauss, J.M. Smucker and three others completed the first aggregated purchase power agreement under the retailer’s Project Gigaton, which encourages vendors to reduce their greenhouse gas emissions.
By Sarah Zimmerman • Oct. 26, 2022 -
Courtesy of Trigo
Trigo nets $100M as it eyes ‘full-sized’ supermarkets
The Israeli frictionless checkout startup company plans to use the new funding in part to scale its computer vision-based technology for use in larger retail locations than it currently supports.
By Sam Silverstein • Oct. 26, 2022 -
Courtesy of Albertsons
Deep Dive // Kroger-Albertsons mergerWill the Kroger-Albertsons deal get past regulators?
Success will depend on how the FTC defines competition and whether the companies can satisfy the agency’s increasingly intense scrutiny of store divestitures, experts say.
By Jeff Wells • Oct. 20, 2022 -
Brendan Hoffman via Getty Images
Kroger-Albertsons mergerSenate antitrust panel to focus on Kroger-Albertsons merger
The bipartisan hearing, which was organized by Sens. Amy Klobuchar and Mike Lee, will take place in November and will add more scrutiny to the $24.6 billion deal.
By Catherine Douglas Moran • Oct. 19, 2022 -
Courtesy of Kroger
Kroger-Albertsons mergerHow would the Kroger-Albertsons merger impact independent grocers?
The National Grocers Association fears a second “power buyer” would enter the industry, further tipping the scales for suppliers and independent grocers trying to compete.
By Peyton Bigora • Oct. 17, 2022 -
Courtesy of Instacart
Instacart reportedly cuts valuation again, to $13B
This marks the third time this year the company has slashed its valuation, Bloomberg and The Information reported, after lowering it to $24 billion in March and then to $15 billion in July.
By Catherine Douglas Moran • Oct. 17, 2022 -
Courtesy of Kroger
Column // Kroger-Albertsons mergerPardon the Disruption: The digital forces driving the Kroger-Albertsons merger
The $24.6 billion deal is as much about boosting scale in data, retail media and e-commerce as it is about expanding stores and facilities.
By Jeff Wells • Oct. 17, 2022 -
Courtesy of Kroger
Kroger-Albertsons mergerKroger to buy Albertsons in $24.6 billion deal
The companies expect the deal to close in early 2024 and plan to sell between 100 and 375 stores to satisfy regulatory requirements.
By Sam Silverstein , Jeff Wells • Oct. 14, 2022 -
Courtesy of Kroger
Kroger, Albertsons in talks to merge, Bloomberg reports
The combination, which has not been finalized and may not come to fruition, would create a grocery retailing giant able to rival Walmart and Amazon.
By Jeff Wells • Oct. 13, 2022 -
Retrieved from Instacart on March 02, 2021
Instacart agrees to $46.5M settlement over worker classification
The agreement settles a 2019 lawsuit by the San Diego City Attorney’s Office that claims the grocery technology company misclassified its workers as independent contractors instead of as employees.
By Catherine Douglas Moran • Oct. 12, 2022 -
Retrieved from The Rounds on October 10, 2022
Zero-waste online grocer The Rounds raises $38M
The newly announced Series A financing follows a $4 million seed round at the start of this year for the scaling grocery refill delivery service.
By Catherine Douglas Moran • Oct. 10, 2022 -
Courtesy of Alert Innovation
Walmart to buy Alert Innovation
The retailer is acquiring the Massachusetts-based automated fulfillment company as it continues to level up its order-routing capabilities.
By Sam Silverstein , Jeff Wells • Oct. 6, 2022 -
Courtesy of Provender Partners
SpartanNash sells four distribution facilities to investment firm
The $29.9 million deal offloads centers in Indiana, North Dakota, Florida and Ohio that together occupy 483,000 square feet.
By Sam Silverstein • Oct. 5, 2022 -
Courtesy of Meijer
Meijer offers produce discounts to SNAP customers
Thanks to a waiver granted by the USDA, the company will provide discounts on eligible fruits and vegetables for a year, with the first promotional period beginning Oct. 2.
By Peyton Bigora • Sept. 29, 2022 -
Permission granted by Liz Abunaw
Black-owned grocery startup in Chicago rakes in funding
Liz Abunaw, owner of Forty Acres Fresh Market, was one of three Black entrepreneurs to each receive a $50,000 grant from cookie brand Famous Amos.
By Catherine Douglas Moran • Sept. 27, 2022 -
Courtesy of Francisco Lupini/Eataly USA
Eataly lands investment deal to further its global expansion plans
The infusion of 200 million euros by private equity group Investindustrial will allow the specialty Italian grocer to develop new formats and open more locations worldwide.
By Peyton Bigora • Sept. 23, 2022 -
Retrieved from Jow on September 21, 2022
Kroger links with French meal planning service
The grocery chain has a new partnership with Jow, a startup that recommends recipes and ingredient products to customers based on their dietary and lifestyle preferences.
By Catherine Douglas Moran • Sept. 21, 2022 -
Courtesy of Kroger
Kroger expands personalized financial tools for employees
The program will offer associates the opportunity to access financial coaches, online tools and other free, confidential services.
By Peyton Bigora • Sept. 16, 2022 -
Peyton Bigora/Grocery Dive, data from Walmart.com
Walmart makes it easier to shop SNAP-eligible items online
The retailer said it is streamlining its website for consumers who use EBT card payments as it looks to foster a more inclusive shopping experience.
By Peyton Bigora • Sept. 14, 2022 -
Courtesy of Rosie
Instacart's Road to IPOInstacart buys e-commerce tech provider Rosie
Rosie’s services are now part of the Instacart Platform, and its staff lead development of the e-commerce giant’s strategy for serving independent retailers.
By Sam Silverstein • Sept. 7, 2022 -
Courtesy of Instacart
Instacart buys AI-powered pricing and promotions platform Eversight
Instacart said the acquisition will give its retailer and CPG partners access to individualized pricing tools and insights that link offline and online shopper behavior.
By Catherine Douglas Moran • Sept. 1, 2022 -
Scott Olson via Getty Images
Sam’s Club increases membership fee for the first time in almost a decade
Basic membership costs will go from $45 to $50, while the price of a “Plus” membership will rise from $100 to $110.
By Peyton Bigora • Sept. 1, 2022
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