Finances & Deals: Page 16
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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 -
Retrieved from Farmstead.
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 -
Ahold Delhaize lays out omnichannel updates to keep 2020 growth going long term
As it logged another strong financial quarter, the company announced new digital services and a 100% increase in online capacity.
By Jeff Wells • Nov. 4, 2020 -
Nestlé buys Freshly, valuing meal delivery firm at $950M
The world's largest food manufacturer, which purchased a stake in the upstart in 2017, can bring its deep knowledge of customer trends, R&D capability and portfolio of brands to the meal kit delivery business.
By Christopher Doering • Oct. 30, 2020 -
Blue Apron yo-yos again with Q3 customer losses
The meal kit company rebounded when the pandemic hit, but its latest earnings report revealed operational struggles to meet demand.
By Jessica Dumont • Oct. 30, 2020 -
Price and meal prep top of mind for retailers rethinking private brands
Over the next two years, roughly one-third of retailers plan to significantly increase investments in private brands as they capitalize on shifting consumer habits brought on by the pandemic, according to FMI.
By Catherine Douglas Moran • Oct. 30, 2020 -
Pandemic fuels blockbuster Amazon Q3 even without Prime Day
But the e-commerce giant seems to have ceded some market share to rivals, which are logging even higher increases in online sales, analysts said.
By Daphne Howland • Oct. 30, 2020 -
Sprouts' ID sales growth slows as it stays the course on long-term strategy
The natural foods chain's digital sales increased 337% during the quarter, and it began taking pickup and delivery orders directly through its website and app.
By Sam Silverstein • Oct. 29, 2020 -
As Kroger Restock winds down, questions remain over digital profitability
Executives said the initiative has set the grocer on the right course, and it's gaining market share faster than ever, but a lot still rests on the success of its Ocado tie-up.
By Jeff Wells • Oct. 28, 2020 -
Aldi opening Arizona stores next week as part of US expansion
The discount grocery chain will open two much-anticipated stores in Arizona on Nov. 5 and has at least seven more reportedly in the planning stages in the state.
By Rosie Bradbury • Oct. 26, 2020 -
H-E-B doles out $500 bonus to workers
The pay boost to all full- and part-time employees follows a permanent compensation increase the retailer implemented in June.
By Jeff Wells • Oct. 23, 2020 -
Why Trader Joe's traffic has recovered but Whole Foods' hasn't
Specialty chains were hit hardest by the drop-off in Q2 foot traffic, but some, like Trader Joe's, have been better at adapting to a new "mission-driven" shopper mindset, according to a report from Placer.ai.
By Rosie Bradbury • Oct. 22, 2020