Finances & Deals: Page 18
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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 -
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 -
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 -
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'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 -
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 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 -
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 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 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 -
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 -
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 -
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 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 -
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 -
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 Jeff Wells • May 15, 2020 -
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 Sam Silverstein • May 12, 2020 -
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 Jeff Wells • May 7, 2020 -
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 Sam Silverstein • May 6, 2020 -
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 Jeff Wells • April 30, 2020 -
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 Jeff Wells • April 8, 2020