Finances & Deals: Page 15
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Gelson's to be acquired by Don Quijote owner PPIH
The Japanese retailer plans to expand the upscale Southern California supermarket chain, which recorded $872 million in net sales last year.
By Jeff Wells • Feb. 24, 2021 -
Blue Apron sees sales rise 22% in Q4, but still posts a loss
The meal kit company is looking to a slew of new product launches this year to generate growth.
By Sam Silverstein • Feb. 19, 2021 -
Walmart posts 'record' Q4 thanks to online and holiday demand
The retailer's grocery category reflected broad-based strength, with store pickup and delivery seeing a new high in sales volume growth.
By Maria Monteros • Feb. 18, 2021 -
Price Chopper and Tops announce merger
The tie-up brings greater economies of scale to two Northeast grocers that have struggled in recent years with heightened industry competition.
By Jeff Wells , Sam Silverstein • Feb. 8, 2021 -
Wakefern to close 62 ShopRite pharmacies amid stifling competition
The cooperative plans to transfer prescription files at the affected stores to nearby CVS locations.
By Sam Silverstein • Jan. 26, 2021 -
Southeastern Grocers withdraws IPO filing
The grocer, which had postponed its public offering early this year, submitted a formal withdrawal request last week with the Securities and Exchange Commission.
By Jeff Wells , Sam Silverstein • Updated Nov. 2, 2021 -
Albertsons reports strong Q3 sales as digital results power ahead
The grocer plans to start looking back two years when measuring its financial performance as the pandemic nears its first anniversary.
By Sam Silverstein • Jan. 12, 2021 -
Los Angeles County considering 'hero pay' bonus for grocery workers
The county's Board of Supervisors will vote later this month on an ordinance mandating a $5 temporary pay bump to grocery and retail drugstore workers.
By Rosie Bradbury • Jan. 7, 2021 -
Deep Dive
8 trends that will shape the grocery industry in 2021
After one of the most tumultuous years in recent memories, experts say 2021 will be the year grocers move from reacting to strategically managing for long-term growth.
By Jeff Wells , Sam Silverstein , Catherine Douglas Moran • Jan. 4, 2021 -
Smart checkout firm Trigo secures $60M in new funding
British supermarket chain Tesco, which is piloting the technology at one of its stores, continued as an investor in the Israeli startup.
By Jeff Wells • Dec. 21, 2020 -
Grocery sales pick up steam in November
The food-retailing sector moved ahead by nearly 2% during the month even as overall retail sales dipped, according to the Census Bureau.
By Sam Silverstein • Dec. 16, 2020 -
Farmstead will expand to 14 more markets in 2021
The online startup said it has also achieved profitability on a per-order basis in its home market of San Francisco.
By Jeff Wells , Rosie Bradbury • Dec. 15, 2020 -
Ahold Delhaize links latest line of credit to sustainability goals
The Netherlands-based grocery retailer has closed a new revolving credit facility tied to its health and environmental ambitions.
By Rosie Bradbury • Dec. 14, 2020 -
Costco reports strong comps, net sales and earnings in Q1 as foot traffic recovers
The retailer saw online grocery sales surge by almost 300% during the 12 weeks that ended Nov. 22.
By Sam Silverstein • Dec. 11, 2020 -
UNFI expects to renew Whole Foods contract, name new CEO early next year
The distribution company's sales moderated as it missed Wall Street estimates for revenue and earnings per share.
By Jeff Wells • Dec. 10, 2020 -
Dollar General reports strong Q3 results as it continues self-distribution push
The discount chain offers produce at more than 1,000 stores and expects to roll it out to 600 additional locations next year.
By Sam Silverstein • Dec. 4, 2020 -
Kroger's overall sales growth slows as digital remains hot
Online sales contributed to nearly half of the grocer's 10.9% comparable sales gain in Q3, with channel demand "three years or so" ahead of schedule, Chairman and CEO Rodney McMullen said.
By Sam Silverstein • Dec. 3, 2020 -
BJ's grocery sales remain robust amid one-stop shopping
The warehouse club is focusing its assortment on healthier offerings as it looks to attract families with teens.
By Sam Silverstein • Nov. 23, 2020 -
Target steals more market share as same-day channels grow 217% in Q3
The retailer posted banner numbers across the board as consumers leaned on its digital-first services and flocked to its stores.
By Ben Unglesbee • Nov. 18, 2020 -
Dollar General increases investment in frontline bonuses by 40%
The discount retailer will award an additional $50 million in bonuses in the fourth quarter, bringing its total-year payout to $173 million.
By Jeff Wells • Nov. 18, 2020 -
Grocery sales fall slightly in October but stay well above 2019 cadence
Consumer spending on groceries continues at the calmer month-to-month pace that began in May, the Census Bureau reported.
By Sam Silverstein • Nov. 17, 2020 -
Walmart sales gains slow in Q3 as visits drop and basket sizes rise
The number of transactions at the retailer declined 14.2% during the quarter while average ticket size rose 24%.
By Ben Unglesbee • Nov. 17, 2020 -
DoorDash launches IPO
The food delivery company's initial public offering stock price is expected to range between $75 and $85 per share.
By Julie Littman • Updated Nov. 30, 2020 -
SpartanNash sees sales and comp store growth subside in Q3
The grocer intends to make adjustments to its sagging military business, according to new CEO Tony Sarsam.
By Sam Silverstein • Nov. 12, 2020 -
Grocery Outlet sees slower comp sales growth in Q3, looks ahead to fleet expansion
The discount grocer, known for its "treasure hunts," is on track to open 34 stores this year and sees room to add 1,500 more.
By Sam Silverstein • Nov. 11, 2020