Finances & Deals: Page 11
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Courtesy of Walmart
Walmart continues to beef up meat sourcing
The retailer has agreed to acquire a minority stake in Sustainable Beef LLC and will help the rancher-owned company open a beef-processing facility in North Platte, Nebraska.
By Catherine Douglas Moran • Sept. 1, 2022 -
Courtesy of Walmart
Walmart to buy its gig-labor management partner
The purchase of the partner behind the retailer’s Spark Driver platform comes at a time when Walmart is quickly growing its last-mile and omnichannel capabilities.
By Catherine Douglas Moran • Updated Aug. 19, 2022 -
Daphne Howland/Grocery Dive
Target takes 87% hit to operating profit as it resets inventory
The retailer has worked to clear out inventory facing sluggish demand as consumers grapple with inflation. Was it a speed bump, or a sign of poor planning?
By Ben Unglesbee • Aug. 17, 2022 -
Courtesy of Walmart
Grocery boosts Walmart sales, but profits fall on inflation in Q2
The retailer’s 6.5% U.S. comp sales increase was driven by market share gains in food categories, “strong” private label sales and higher-than-average tickets.
By Catherine Douglas Moran , Ben Unglesbee • Aug. 16, 2022 -
Courtesy of The Save Mart Companies
Save Mart launches video game-focused rewards program
The grocer’s new Gamer Rewards Program offers shoppers a $10 credit toward video games for every $15 spent on products from a variety of national brands.
By Peyton Bigora • Aug. 16, 2022 -
Jessica Dumont/Grocery Dive
Inflation, at-home eating lift Grocery Outlet’s Q2 comp sales
The discounter saw comparable store sales increase 11.2% year-over-year and net sales jump 15.7% to $897.7 million.
By Catherine Douglas Moran • Aug. 10, 2022 -
Courtesy of Sprouts Farmers Market
Sprouts looks to reignite store growth as quarterly sales increase
The specialty grocer’s comps grew 2% and store traffic increased in the second quarter, but analysts remain wary of its ability to stand out from the competition.
By Sam Silverstein • Aug. 4, 2022 -
Courtesy of Save A Lot
Save A Lot ownership group lands $13.5M grant to improve Chicago stores
Yellow Banana plans to remodel five supermarkets and reopen a closed location in the Midwestern city through the project, which is intended to boost access to groceries for people in underserved neighborhoods.
By Sam Silverstein • July 21, 2022 -
Courtesy of DoorDash
DoorDash kicks off dark store-powered rapid delivery as a service
A new 30-minute delivery partnership with Canadian grocer Loblaw marks the first time the e-commerce provider will run fulfillment centers for a retailer.
By Catherine Douglas Moran • June 23, 2022 -
Courtesy of SpartanNash
SpartanNash buys Shop-N-Save Food Centers
The Midwestern retailer has converted the three-store chain, which has locations in Benzonia, Fremont and Ludington, Michigan, to its Family Fare banner.
By Sam Silverstein • June 15, 2022 -
Retrieved from Cardenas Markets.
Apollo to acquire Cardenas Markets
The private equity firm will combine the chain with Tony’s Fresh Market to create a nearly 80-store ethnic and Hispanic-focused grocer.
By Jeff Wells , Sam Silverstein • June 13, 2022 -
Retrieved from Cardenas Markets.
Cardenas Markets expanding SoCal footprint with 6-store acquisition
The Hispanic chain, which operates more than 50 locations in three states, is beefing up its footprint east of Los Angeles.
By Jeff Wells • June 10, 2022 -
Courtesy of Sifter
Peapod founders' Sifter rakes in $5M seed funding
The platform will use the financing to speed the growth of its Nutrition as a Service platform.
By Catherine Douglas Moran • May 27, 2022 -
Courtesy of Ocado
Ocado buys robotics startup as it looks to speed up delivery prep
The U.K.-based online grocery order-fulfillment company plans to pay 10.2 million euros ($10.9 million) to take over Myrmex, an automation specialist in which it initially invested in 2020.
By Sam Silverstein • May 24, 2022 -
Courtesy of BJ's Wholesale Club
BJ's rides gas sales to strong Q1 results
Low prices at its fuel centers spurred people to fill up and shop inside its stores, where grocery and perishable categories led sales.
By Sam Silverstein • May 19, 2022 -
Courtesy of Gopuff
Gopuff lands former Disney CEO Bob Iger as investor and advisor
The instant delivery company said it is tapping into Iger's experience leading an organization focused on building relationships with consumers.
By Sam Silverstein • May 18, 2022 -
Courtesy of Walmart
Walmart's profits take a hit as fuel spikes and consumers react to inflation
As costs continue rising, the retailer is strategically raising and rolling back prices as it seeks market share and profit.
By Ben Unglesbee • May 17, 2022 -
Courtesy of The Fresh Market
South American retailer to buy majority stake in The Fresh Market for $676M
The deal with current owner Apollo Global Management will let Cencosud acquire 67% of the specialty grocer.
By Jeff Wells , Catherine Douglas Moran • Updated May 11, 2022 -
Jessica Dumont/Grocery Dive
Grocery Outlet raises full-year guidance, will expand e-commerce coverage
CEO Eric Lindberg said during Tuesday's earnings call that the discount grocer plans to introduce Uber Eats and DoorDash delivery to a subset of stores following a successful online rollout with Instacart.
By Catherine Douglas Moran • May 11, 2022 -
Retrieved from Apple on February 22, 2022
Food Rocket plans to offer 15-minute delivery from Chicago convenience store
The ultrafast grocery delivery startup intends to co-locate a fulfillment center with a Circle K location set to open this summer and plans to expand to additional cities this year.
By Sam Silverstein • May 10, 2022 -
Permission granted by Sprouts Farmers Market
Sprouts lowers its outlook for the year as unit sales decline
CEO Jack Sinclair said the company sees ways to boost baskets amid rising gas and food prices, but analysts aren't sold on the plan.
By Jeff Wells • May 5, 2022 -
Thai Phi Le/Grocery Dive
Publix sees sales and earnings rise in Q1
The Florida-based supermarket chain recorded a comparable store sales increase of 11.7% for the first quarter of 2022 on a year-over-year basis, as revenue for the period rose 13.5% to $13.2 billion.
By Sam Silverstein • May 3, 2022 -
Courtesy of Food Rocket
Rapid grocery delivery startup Food Rocket raises $25M, links with Circle K
The company plans to use the funding to expand to new markets, bolster its proprietary technology and work alongside the convenience store chain on e-commerce.
By Catherine Douglas Moran • April 27, 2022 -
Retrieved from Tony's Fresh Market on April 20, 2022
Tony's Fresh Market sold to Apollo Global Management
The private equity firm is taking control of the Chicago-based specialty grocery chain, which has been family owned since its founding in 1979.
By Sam Silverstein • April 20, 2022 -
Justin Sullivan via Getty Images
Albertsons' CEO sees loyalty as 'next phase' of business transformation
The grocer's loyalty program now has 30 million members, and the company hopes to deepen engagement across its digital and store initiatives, Vivek Sankaran told investors on Tuesday.
By Catherine Douglas Moran • April 12, 2022
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