Finances & Deals: Page 19
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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 -
Kroger
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 Jeff Wells • 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 Sam Silverstein • March 26, 2020 -
Jessica Dumont
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 Jeff Wells • March 25, 2020 -
Jeff Wells
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 Jeff Wells • March 13, 2020 -
Flickr
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 Sam Silverstein • March 13, 2020 -
Whole Foods
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 Jeff Wells • March 11, 2020 -
Retrieved from https://www.facebook.com/harpsfoodstores/photos/a.615021545203674/2056588481046966/?type=3&theater.
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 Jeff Wells • March 10, 2020 -
Albertsons Company
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 Jeff Wells • March 9, 2020 -
Megan Poinski
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 Jeff Wells • March 5, 2020 -
Christopher Doering
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 Jeff Wells • March 3, 2020 -
Sprouts Farmers Market
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 -
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
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