Finances & Deals: Page 17
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Southeastern Grocers formalizes plans to go public as it zeroes in on Winn-Dixie
The grocer is on track to operate 87% of its locations under the Winn-Dixie banner when its store sales are complete.
By Sam Silverstein • Oct. 21, 2020 -
Target gives frontline workers $70M in bonuses ahead of holidays
The retailer is paying $200 to employees as they face an unprecedented and likely stressful shopping season haunted by the coronavirus pandemic.
By Ben Unglesbee • Oct. 20, 2020 -
Acme wins bidding for Kings Food Markets and Balducci's in bankruptcy auction
The Albertsons banner agreed to pay $96.4 million for the two chains, which will continue operating under their own names.
By Sam Silverstein • Oct. 15, 2020 -
Instacart bags another $200M in funding
The latest round, led by existing investors, brings the company's valuation to $17.7 billion as delivery competition ramps up and it reportedly begins exploring an IPO.
By Jessica Dumont • Oct. 9, 2020 -
Walmart sells majority stake in Asda
The sale of the U.K. grocer, which went through numerous hurdles over the past two years, allows Walmart to focus on its digital operations.
By Jeff Wells • Oct. 2, 2020 -
UNFI sales beat estimates as CEO announces retirement
Steven Spinner will join the company's board as executive chairman once it names a successor.
By Jeff Wells • Sept. 29, 2020 -
Fresh Thyme to close 3 remaining Nebraska stores
After opening five stores in four years in the Cornhusker State, the company is now pulling out of the area as it and other specialty grocers make strategic adjustments.
By Jeff Wells • Sept. 28, 2020 -
Zero-waste online grocer raises $3M
Zero Grocery pursued the additional funding amid the COVID-19 pandemic, bringing its total capital raised to $4.7 million.
By Jessica Dumont • Sept. 25, 2020 -
Costco sales jump on strong fresh food demand
Grocery sales have been so strong that the retailer has seen shrink virtually disappear: "We don't have spoilage. We sell out, not literally but almost literally to the piece," CFO Richard Galanti said Thursday.
By Sam Silverstein • Sept. 25, 2020 -
Stop & Shop, Ingles announce new worker bonuses
Ingles will give an extra $300 to full-time associates and $150 to those working part-time, while Stop & Shop is granting payments worth 10% of hours worked between July and August.
By Sam Silverstein • Sept. 25, 2020 -
Grocery sales dip as restaurant sales pick up
While restaurant sales industrywide accelerated 3.7% in August, grocery chains saw a 7% drop in dollar growth, according to data from M Science.
By Rosie Bradbury • Sept. 21, 2020 -
Grocery sales dip in August as overall retail spending picks up
Sales at food retailers fell 1.6% compared with their level in July as overall retail sales climbed 0.6%.
By Sam Silverstein • Sept. 16, 2020 -
Grocery foot traffic fully rebounds at major chains
Store visits to Albertsons, Kroger, Publix and Trader Joe's increased across the summer and are trending above 2019 figures, according to data from Placer.ai.
By Rosie Bradbury • Sept. 14, 2020 -
Asian e-grocer Weee charts ongoing expansion with $35M in funding
The California-based startup, which already turns a profit and recently added service in four new regions, will use the capital infusion to continue growing and recruiting.
By Jessica Dumont • Aug. 26, 2020 -
Target's Q2 sales powered by store traffic, same-day service gains
Grocery pickup, now available at more than 1,500 locations, helped drive a 273% increase across the company's click-and-collect and delivery services.
By Jeff Wells • Aug. 19, 2020 -
Ahold Delhaize's US digital sales soar 127%
Click-and-collect orders are fueling growth as the grocer steps up its e-commerce investments to capitalize on the seismic spending shift.
By Jeff Wells • Aug. 5, 2020 -
Publix's Q2 comps rise nearly 20%
The grocer recorded a 22% increase in net sales during the three-month period as shoppers stocked up during the early stages of the pandemic.
By Krishna Thakker • Aug. 4, 2020 -
Walmart cuts corporate jobs as it focuses on omnichannel push
Changes in the retail giant's merchandising and other teams have led to hundreds of layoffs, according to Bloomberg.
By Ben Unglesbee • July 31, 2020 -
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 Jeff Wells • July 31, 2020 -
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 -
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 Jeff Wells • 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 Sam Silverstein • July 27, 2020 -
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 Jeff Wells • July 22, 2020 -
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 -
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 Sam Silverstein • July 17, 2020