Finances & Deals: Page 17
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Krishna Thakker
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 -
Courtesy of Whole Foods
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 Facebook
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
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 -
Courtesy of Kroger
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 -
Courtesy of Misfits Market
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 -
Christopher Doering/Grocery Dive
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 -
Courtesy of Kroger
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 -
Courtesy of Southeastern Grocers
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 Sam Silverstein • July 1, 2020 -
Lyft
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 -
Courtesy of Dumpling
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 -
Courtesy of Kroger
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 Jeff Wells • June 18, 2020 -
Wikimedia Commons
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 Sam Silverstein • 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 Sam Silverstein • June 16, 2020 -
Instacart
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 -
Shoppers Food
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 Jeff Wells • June 11, 2020 -
Stop & Shop
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 Jeff Wells • June 10, 2020 -
Food Lion
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 Jeff Wells • June 3, 2020 -
Courtesy of Costco Wholesale
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 Jeff Wells • May 29, 2020
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