Finances & Deals: Page 19
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Christopher Doering
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 -
Berkshire Hathaway takes more than $500M stake in Kroger
The firm run by Warren Buffet revealed a pickup of 18.9 million shares in the grocer.
By Jeff Wells • Feb. 14, 2020 -
Giant Food
Ahold Delhaize beats earnings estimates as omnichannel momentum grows
Comparable sales for the company's U.S. business grew 2.3%, driven by online sales growth and continued strong performance from Food Lion and Hannaford.
By Jeff Wells • Feb. 12, 2020 -
Column
Pardon the Disruption: 5 takeaways from 2020's bankruptcy bonanza
Although they collectively ran less than 100 stores, Fairway Market, Lucky's and Earth Fare were significant companies that were supposed to be at the cutting-edge of consumer demand.
By Jeff Wells • Feb. 7, 2020 -
Earth Fare files for Chapter 11 following failed negotiations to sell majority of stores
The company was in advanced talks to sell 33 stores and its headquarters to an unidentified party, but the deal fell through last week.
By Jeff Wells • Feb. 5, 2020 -
Earth Fare to shutter all stores
The company expanded rapidly under private equity ownership but struggled to compete with conventional chains and the rising crop of specialty grocers.
By Jeff Wells • Feb. 3, 2020 -
Amazon's grocery delivery business surged in Q4
Home delivery orders through its Fresh service and Whole Foods Market stores more than doubled in the quarter.
By Jeff Wells • Jan. 31, 2020 -
Lucky's Market founders to buy remaining 7 stores
A group led by Bo and Trish Sharon, who started the company in 2003, have agreed to acquire the locations.
By Jeff Wells • Jan. 29, 2020 -
Creative Commons
Lucky's Market files for bankruptcy
The company plans to close 32 locations in the coming weeks, and said Aldi and Publix have agreed to buy 11 stores.
By Jeff Wells • Jan. 27, 2020 -
Fairway Market will file for Chapter 11 bankruptcy
The retailer has agreed to an initial bid from Village Super Markets for up to five New York locations and a distribution center, and will sell off other locations in a court-supervised auction.
By Krishna Thakker • Updated Jan. 23, 2020 -
Lucky's Market to shutter most of its stores, reports say
The chain will close 32 of its 39 locations less than two months after Kroger ended its investment in the specialty grocer.
By Jeff Wells • Jan. 21, 2020 -
Shoppers want to use mobile payment in stores
According to a survey by Blackhawk Network, more U.S. smartphone users want to pay for items in-store using their smartphone and loyalty points.
By Krishna Thakker • Jan. 15, 2020 -
Albertsons
WSJ: Albertsons plans to file for another IPO
The grocer and its private equity backer, Cerberus Capital Management, will decide within ‘weeks’ whether to make another public push, sources told the newspaper.
By Jeff Wells • Jan. 13, 2020 -
Giant Food Stores
Giant Food Stores to build 2nd e-commerce hub
The company will also construct two new stores and remodel 35 as part of a $114 million investment in its Pennsylvania operations.
By Jessica Dumont • Jan. 9, 2020 -
Albertsons' ID sales see boost from e-commerce, private brands
CEO Vivek Sankaran said the company also reduced debt to the point where it’s in the "right zone" for an eventual public offering.
By Jeff Wells • Jan. 8, 2020 -
Save-A-Lot secures $138M to support transformation
The infusion of capital will reduce the discounter's debt by $400 million and strengthen operations.
By Krishna Thakker • Jan. 6, 2020 -
Shoppers Value parent company files for bankruptcy
The purchase and rebranding of six Winn-Dixie locations in 2018 created financial strain for JHJ Inc, which operates 12 grocery stores in Louisiana.
By Lauren Manning • Jan. 3, 2020 -
Jeff Wells
Groceryshop and Shoptalk acquired for $145 million
Hyve Group, a global trade show and conferences company, will now own the events and their founders will become majority shareholders.
By Krishna Thakker • Dec. 20, 2019 -
UNFI looks to West Coast for sales boost
The company missed profit estimates for Q1 but says it expects streamlined distribution in Washington and California to improve results.
By Jeff Wells • Dec. 11, 2019 -
Kroger
Kroger, Walgreens form group purchasing organization
The two retailers have deepened their partnership in order to reduce costs and boost efficiency.
By Krishna Thakker • Dec. 11, 2019 -
New Seasons Market
New Seasons Market acquired by Good Food Holdings
The neighborhood grocer and its subsidiary, New Leaf Community Markets, will join a retail stable that includes Bristol Farms, Lazy Acres and Metropolitan Market.
By Jessica Dumont • Dec. 10, 2019 -
Dollar General continues to build out 'fresh'
The retailer said its DG Fresh strategy and efforts to add produce in stores are paying off, and will continue to expand next year.
By Jessica Dumont • Dec. 6, 2019 -
Lucky's Market
Kroger exits Lucky's Market investment
The grocer says it no longer sees a pathway to “meaningful” growth through the tie-up, which kicked off three years ago.
By Jeff Wells • Dec. 5, 2019
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