Finances & Deals: Page 17


  • Target's 141% digital growth during pandemic pushes sales and costs up

    A booming top line masks the volatility in the retailer's business as the pandemic forced extreme changes on an incredibly short timeline. 

    By Ben Unglesbee • May 20, 2020
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    Cub Foods
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    UNFI delays sale of Shoppers and Cub Foods stores

    The wholesaler paused the sale process and closures at the outset of the pandemic and expects to eventually earn a higher premium due to improved results at the stores.

    By May 15, 2020
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    Jessica Dumont
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    Grocery Outlet posts strong Q1 sales

    Company executives said growth has continued during the second quarter, as customers are spending more per trip even though store traffic remains below normal.

    By May 12, 2020
  • Giant Food Stores will build a new fulfillment center
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    Giant Food Stores
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    Ahold Delhaize steps up e-commerce expansion as digital sales surge

    The company said it will accelerate openings for home delivery warehouses and click-and-collect points as U.S. sales in the channel grew 42% in Q1.

    By May 7, 2020
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    Sprouts Farmers Market
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    Sprouts records strong Q1 as it outlines long-term growth plan

    The natural grocer intends to build smaller, less costly stores and focus on boosting sales among shoppers who are loyal to the chain.

    By May 6, 2020
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    Albertsons
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    Albertsons says 243% coronavirus e-commerce boom can become long-term growth engine

    Online sales surged in Q1, and CEO Vivek Sankaran said the company is freeing up bottlenecks to capitalize on new customer sales.  

    By April 30, 2020
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    Giant Food Stores
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    Ahold Delhaize outlines $185M price tag for COVID-19 response

    The grocer said it saw a 34% increase in comparable sales during the month of March, but is maintaining its full-year outlook.

    By April 8, 2020
  • Grocers extend pay raises as worker anxieties grow

    H-E-B says it will offer its $2-an-hour raise for an additional month, while Natural Grocers has permanently increased pay by $1 and added medical benefits.

    By Jessica Dumont • April 7, 2020
  • Ahold Delhaize commits $10M to relief efforts

    The retailer joins a roster of other companies that have pledged to support medical research, food banks and more amid the pandemic.

    By Jessica Dumont • April 1, 2020
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    Kroger
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    Kroger awaits 'new normal' following March sales surge

    The grocer saw identical sales increase 30% last month and has hired more than 32,000 employees over the past two weeks, but sales volatility looms.

    By April 1, 2020
  • Fairway Market sells two N.J. leases to Amazon as it wraps up bankruptcy auction

    The New York chain also sold its five marquee New York City locations along with a distribution facility to Village Super Market for $76 million. 

    By March 26, 2020
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    Jessica Dumont
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    Grocery Outlet seeing 'mid teens' comps so far in Q1

    The discounter believes its flexible business model is well suited to the current environment, but withheld guidance due to unpredictability surrounding the coronavirus pandemic.

    By March 25, 2020
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    Jeff Wells
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    Target pivots from planned investments to deal with 'unprecedented' sales surge

    Consumers stocking up amid the COVID-19 pandemic have pushed comparable sales for food and essentials up 50% at the retailer. 

    By Ben Unglesbee • March 25, 2020
  • Dollar General to accelerate grocery initiatives

    The dollar retailer plans to double the scale of its DG Fresh self-distribution program and roll out produce to more stores than it previously forecast.

    By March 13, 2020
  • Fairway Market
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    Flickr
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    Bogopa Enterprises bids $75M for Fairway Market's assets

    The owner of the New York-based Food Bazaar chain topped Village Super Markets' offer just days ahead of a bankruptcy auction on March 16. 

    By March 13, 2020
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    Whole Foods
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    UNFI says business is up by double digits amid coronavirus shopping surge

    CEO Steve Spinner said demand has been higher than expected over the past two weeks and is coming in categories throughout the store.

    By March 11, 2020
  • Harps to acquire 20 Town and Country stores

    The deal would allow Harps to expand its footprint in Arkansas and Missouri. 

    By Jessica Dumont • March 11, 2020
  • CVS to acquire Schnucks' pharmacy business

    The drug store giant will acquire and rebrand 99 Schnucks pharmacies and buy patient records from another 11 locations.

    By March 10, 2020
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    Albertsons Company
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    Albertsons files for public offering

    The grocer has mounted its latest push for an IPO, registering an S-1 form with the Securities and Exchange Commission on Friday.

    By March 9, 2020
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    Megan Poinski
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    Kroger reports strong Q4, maintains guidance amid coronavirus impact

    Chief executive Rodney McMullen acknowledged higher sales in certain categories and limited supply chain exposure in China, but said it’s still too early to tell the extent of the virus’s effect on its business.

    By March 5, 2020
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    Christopher Doering
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    Publix bumps up spending as Q4 sales sizzle

    The grocer plans capital expenditures of $1.6 billion in 2020, a 40% increase over last year, to be spent on new supermarkets, remodels and tech upgrades. 

    By March 3, 2020
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    Sprouts Farmers Market
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    Sprouts margins stabilize, traffic remains low

    The retailer expects to see further progress as it improves its supply chain, expands its digital strategies and shifts marketing dollars.

    By Krishna Thakker • Feb. 21, 2020
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    Christopher Doering
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    Hy-Vee's restructuring plan zeroes in on management level

    The plan is similar to competitors Kroger and Walmart as the Iowa-based grocer shifts the roles of some of its store leaders, potentially leading to layoffs. 

    By Thai Phi Le • Feb. 20, 2020
  • Blue Apron considers sale as it posts more losses

    The meal kit company, which continued to lose customers and revenue in Q4, is exploring options that include looking for a buyer, a merger or raising capital. 

    By Jessica Dumont • Feb. 20, 2020
  • Price Chopper invests $54M for Kansas City-area growth

    The Kansas-based grocer will open new stores, remodel existing ones and expand fresh departments, including bakery, deli and meat. 

    By Jessica Dumont • Feb. 19, 2020