Finances & Deals: Page 16


  • Whole Foods new 365 brand logo
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    Courtesy of Whole Foods
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    Amazon's online grocery sales triple in Q2 as Prime spending swells

    The e-tailer also tripled the number of locations offering grocery pickup as it quickly built up capacity during the pandemic.

    By July 31, 2020
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    Blue Apron Facebook
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    Blue Apron gains steam during COVID

    The meal kit company reported its first profit since going public as it gained 20,000 new customers and saw order value and frequency rise. 

    By Jessica Dumont • July 30, 2020
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    Albertsons
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    Albertsons Q1 sales moderate after hot start

    The grocer recorded same-store sales of 27% after earlier reporting a 34% rise during the first eight weeks of the quarter.

    By July 27, 2020
  • Grocery demand forecaster Shelf Engine raises $12M

    The artificial intelligence startup, which helps food retailers order products based on anticipated consumer demand, plans to use the money to beef up its engineering staff.

    By July 27, 2020
  • Kroger storefront
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    Courtesy of Kroger
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    Major chains reset pension agreements with the UFCW

    Kroger, Albertsons and Stop & Shop tentatively agreed to withdraw from the union's main pension fund and establish variable annuity pension plans in its place.

    By July 22, 2020
  • Misfits Market raises Series B funding
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    Courtesy of Misfits Market
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    Misfits Market plans to double its e-commerce capacity

    The company is using $85 million in new funding to staff up and open a new warehouse as COVID-19 drives demand.

    By Jessica Dumont • July 22, 2020
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    Christopher Doering/Grocery Dive
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    Grocery sales decline in June as retail and restaurant options expand

    The industry still posted a year-over-year sales gain of 11.7% as consumers remained heavily reliant on supermarkets amid the pandemic.

    By July 17, 2020
  • Kroger storefront
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    Courtesy of Kroger
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    Kroger halts distributing coin change

    The retailer has come up with alternatives for customers who pay with cash, including rounding up their purchase to support its Zero Hunger, Zero Waste initiative or loading the balance onto their loyalty cards.

    By Jessica Dumont • July 14, 2020
  • Uber buys Postmates in $2.65B deal

    Uber Eats gains the fourth-largest food delivery company in the U.S. just weeks after its failed merger with Grubhub. 

    By Julie Littman , Emma Liem Beckett • July 6, 2020
  • Winn-Dixie
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    Courtesy of Southeastern Grocers
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    Grocers pull social media ads as pressure on Facebook mounts

    Grocers including Albertsons, Southeastern Grocers and Target have joined a growing list of advertisers pressing social media platforms to combat hate speech.

    By July 1, 2020
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    Lyft
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    USDA predicts grocery prices will see their largest annual increase since 2011

    The average increase of 3% is due in part to the surge in demand for meat, poultry and fish caused by the pandemic.

    By Krishna Thakker • June 29, 2020
  • U.S. coin shortage hits grocers hard

    The National Grocers Association along with several other industry groups have called on the federal government to quickly address the issue. 

    By Jessica Dumont • June 25, 2020
  • Dumpling
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    Courtesy of Dumpling
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    Online grocery startup Dumpling raises $6.5M

    The Instacart competitor plans to invest the money in technology enhancements and tools that help gig workers start their own delivery services. 

    By Jessica Dumont • June 18, 2020
  • Kroger storefront
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    Courtesy of Kroger
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    Kroger's omnichannel investments pay off big in Q1

    Store comps grew 19% and digital sales rose 92% as the grocer capitalized, both in stores and online, on the boom in at-home eating.

    By June 18, 2020
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    Wikimedia Commons
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    Albertsons prices IPO below expected range

    The grocery chain is going public at a price of $16 per share, lower than the $18-to-$20 level it had expected.

    By Updated June 26, 2020
  • Target sets $15 hourly starting wage

    The retailer is meeting a goal it set three years ago to boost pay, and is adding temporary benefits during the pandemic like a bonus and paid leave.

    By Daphne Howland • June 17, 2020
  • Albertsons ends 'appreciation pay' for employees

    The chain will distribute a bonus based on the time employees worked between March 15 and June 13.

    By June 16, 2020
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    Instacart
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    Instacart raises $225M in new funding

    The grocery delivery service, which has seen its market share surge as consumers shop more online, is now valued at $13.7 billion.

    By Jessica Dumont • June 12, 2020
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    Shoppers Food
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    UNFI CEO: Recession and restaurant 'hesitation' will continue to fuel grocery growth

    States are reopening, but Steve Spinner sees demand for meals at home continuing long term due to safety concerns and tighter budgets.

    By June 11, 2020
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    Stop & Shop
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    Stop & Shop and King Kullen call off merger

    The chains said they have terminated the agreement signed in late 2018 due to “significant, unforeseen changes in the marketplace,” largely driven by the COVID-19 pandemic.

    By June 10, 2020
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    Food Lion
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    Food Lion to acquire 62 stores from Southeastern Grocers

    The deal coincides with an announcement from Southeastern Grocers that it will exit the Bi-Lo brand and seek strategic alternatives, including potential sales, for its remaining stores.

    By June 3, 2020
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    Courtesy of Costco Wholesale
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    Costco will revive store sampling this summer

    The club retailer, which saw U.S. store traffic decline 2% in Q3, hopes to spur shopper interest by bringing back fundamental parts of its store experience.

    By May 29, 2020
  • Why the pandemic was a windfall for (some) dollar stores

    Sales and profit growth at Dollar General were explosive as customers stocked up and stayed close to home during the pandemic. 

    By Ben Unglesbee • May 29, 2020
  • Winn-Dixie Florida
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    Courtesy of Southeastern Grocers
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    Southeastern Grocers to open 8 Winn-Dixie stores in Florida

    Four former Lucky's Markets and four Earth Fare locations will be converted to the southern grocery banner, with grand openings planned for later this year.

    By Jessica Dumont • May 28, 2020
  • Imperfect Foods raises $72 million
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    Permission granted by Imperfect Foods
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    Imperfect Foods lands $72M in Series C funding

    The money will go toward fueling the company's U.S. expansion, improving technology and increasing capabilities at fulfillment centers as demand surges during the pandemic.

    By Jessica Dumont • May 20, 2020