Finances & Deals: Page 14
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Courtesy of BJ's Wholesale Club
BJ's looks ahead to growth after seeing comps decline in Q1
The club retailer plans to add six locations, including three in new markets, before the end of 2021.
By Sam Silverstein • May 21, 2021 -
Sam Silverstein/Grocery Dive
Rising food prices are prying shoppers from their favorite grocers, survey shows
Two-thirds of shoppers in a recent poll by Inmar Intelligence said they have shifted spending away from the store they usually shop at because they sense that costs are increasing.
By Sam Silverstein • May 19, 2021 -
Courtesy of Target
Target's comp sales up 23% as its private brands hit record growth
The retailer's fulfillment services and portfolio of private labels across multiple categories have kept shoppers hooked post-2020.
By Maria Monteros • May 19, 2021 -
Courtesy of Walmart
Walmart maintains growth with online sales up 37%
After a "strong" first quarter, CEO Doug McMillon said the retailer expects "continued pent-up demand" throughout the year.
By Maria Monteros • May 18, 2021 -
Courtesy of Smart & Final
Bodega Latina acquires Smart & Final for $620M
The deal, which will also include the assumption of debt, will more than triple the Hispanic company’s U.S. store footprint.
By Jeff Wells • May 17, 2021 -
Courtesy of Natural Grocers
Natural Grocers CEO: Small-basket shopping still absent
Kemper Isely said consumers are still favoring large purchases and that impulse trips won't reappear until office workers return.
By Jeff Wells • May 10, 2021 -
Courtesy of Anheuser-Busch
Blue Apron’s profitability struggles continue as it focuses on product innovation
The meal kit company posted a $15.7 million net loss but posted a record high average order value in Q1.
By Catherine Douglas Moran • May 7, 2021 -
HelloFresh
HelloFresh adds 1M US customers in Q1
The German meal kit company saw U.S. sales in the period reach $965 million, up 37% from the previous quarter.
By Sam Silverstein • May 5, 2021 -
Courtesy of PCC Community Markets
PCC distributes $3.9M to members with first dividend
The co-op gave the money to its nearly 90,000 members in the form of store credit.
By Catherine Douglas Moran • April 28, 2021 -
Permission granted by Misfits Market
Misfits Market brings in $200M as its valuation passes $1B
The direct-to-consumer grocer intends to use the Series C funding to increase the range of foods it sells and complete its West Coast expansion.
By Sam Silverstein • April 21, 2021 -
Permission granted by AutoStore
AutoStore owners sell 40% stake to SoftBank in $2.8B deal
The transaction, which AutoStore said is aimed at helping it expand in Asia, values the Norwegian robotics company at $7.7 billion.
By Sam Silverstein • April 6, 2021 -
Courtesy of Kroger
Kroger maps its new digital 'ecosystem'
Offering a first look at its Ocado strategy, the grocer outlined plans to double online sales within three years and also improve margins.
By Jeff Wells • April 1, 2021 -
Courtesy of Kroger
Report: Grocers invested $24B in past year on pandemic-related expenses
Retailers with fewer than 10 stores spent more than twice as much as larger retailers on safety-related expenses per store, the Food Industry Association found.
By Catherine Douglas Moran • April 1, 2021 -
Retrieved from GoPuff.
GoPuff raises $1.15B as its valuation doubles
The online convenience retailer, which is now worth $8.9 billion, plans to use the new investment to fuel its geographic expansion and to introduce more product categories.
By Catherine Douglas Moran • March 24, 2021 -
The image was retrieved from a Casey's YouTube video on March 22, 2021.
Casey's to pay $39M for 49 Circle K Stores in Oklahoma
The acquisition follows the convenience store chain's recent efforts to refresh its brand, ramp up its private label offerings and expand its grocery selection.
By Catherine Douglas Moran • March 22, 2021 -
Permission granted by Weee
E-grocer Weee raises $315M to fuel North America expansion
The company plans to more than double the number of cities it operates in, as well as accelerate hiring, product expansion and personalization efforts.
By Catherine Douglas Moran • March 18, 2021 -
Sam Silverstein/Grocery Dive
Grocers need answers for investors as pandemic jolt fades, analysts say
After a year of outsized sales and profits, food retailers are suggesting that comparisons with 2020 don't paint an accurate picture about their future potential. Will Wall Street buy their story?
By Sam Silverstein • March 17, 2021 -
Courtesy of The Fresh Market
The Fresh Market files for IPO
The specialty grocer aims to return to the public markets and further capitalize on the sales boost it's seen during the pandemic.
By Jeff Wells • Updated July 21, 2021 -
Courtesy of SpartanNash
SpartanNash names new CFO
Jason Monaco will reunite with CEO Tony Sarsam after the two worked together at Borden Dairy.
By Jeff Wells • March 12, 2021 -
Permission granted by Albert Yee
UNFI branches out into bitcoin and a local marketplace
The distributor continues to build out its services and private brands as retailers reposition for a post-pandemic future.
By Jeff Wells • March 11, 2021 -
Courtesy of Costco Wholesale
Costco's same-day grocery delivery sales rise 450%
The club retailer's three-store pickup test is going well, with basket sizes that have "surpassed our expectations," said CFO Richard Galanti.
By Jeff Wells • March 8, 2021 -
Courtesy of Whole Foods
UNFI extends Whole Foods distribution deal into 2027
Negotiations between the wholesaler and retailer had been delayed due to the pandemic.
By Jeff Wells • March 4, 2021 -
Courtesy of Kroger
Kroger beats estimates in Q4 as digital momentum builds
The grocer forecast identical sales growth of 9% to 11% for fiscal 2021 on a two-year basis as it laps record sales driven by the pandemic.
By Jeff Wells • March 4, 2021 -
Courtesy of Target
Target's $15B sales growth in 2020 outpaces past 11 years
The mass merchant's digital sales during the year ballooned by nearly $10 billion, while its same-day services increased by 235%.
By Maria Monteros • March 2, 2021 -
Sprouts Farmers Market
Sprouts sees digital sales soar almost 300% in Q4 as it drives traffic in-house
The natural foods chain saw 15% of its online traffic come through its new in-house platform.
By Sam Silverstein • Feb. 26, 2021
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