Finances & Deals: Page 2
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Peyton Bigora/Grocery Dive
Sprouts’ strong momentum continues in Q3
The grocer’s net sales hit $1.9 billion, fueled by solid comparable-store sales and ongoing brick-and-mortar expansion.
By Peyton Bigora • Oct. 31, 2024 -
Catalin205 via Getty Images
In Remembrance: 5 grocery concepts and companies that got buried in 2024
From the demise of Dom’s Kitchen & Market to the shuttering of Schnucks’ Eatwell banner, the industry has put several things to rest this year.
By Catherine Douglas Moran • Oct. 31, 2024 -
Courtesy of Simbe
Simbe raises $50M in latest funding round
Goldman Sachs led the robotics company’s Series C round, which brings its total funding raised to over $100 million.
By Catherine Douglas Moran • Oct. 25, 2024 -
CatLane via iStock
Sponsored by GivexCommunity roundup – Spare change, big impact!
What is Community Roundup and how can it enhance your business? Learn how easy it is to give back to the community every time you shop.
By Andy Ruff , Vice President of Community Rewards, Givex • Oct. 21, 2024 -
Courtesy of Save A Lot
Save A Lot launches first-ever loyalty program
Shoppers can redeem points for free products and access deals through the mobile app while individual stores can customize the app with local offers.
By Peyton Bigora • Oct. 16, 2024 -
AnastasiaNurullina via Getty Images
Aldi’s Thanksgiving basket to feed 10 people for less than $47
This year’s deal includes a Butterball turkey and numerous staple side dishes and ingredients.
By Peyton Bigora • Oct. 16, 2024 -
Permission granted by Wakefern Food Corp.
Wakefern buys specialty food brand Di Bruno Bros.
The regional grocery cooperative now owns the portfolio of Italian and European products, which are distributed nationally.
By Catherine Douglas Moran • Oct. 16, 2024 -
Sam Silverstein/Grocery Dive
Albertsons records modest revenue gain in Q2, but profitability falls
The supermarket operator posted same-stores sales growth of 2.5% during the period, while net income slipped 45%.
By Sam Silverstein • Oct. 15, 2024 -
Courtesy of SpartanNash
SpartanNash to buy regional grocer Fresh Encounter
The acquisition of the grocer’s 49 stores across Ohio, Indiana and Kentucky grows SpartanNash’s store portfolio by a third.
By Catherine Douglas Moran • Oct. 14, 2024 -
Courtesy of Caroline Medeiros
Stop & Shop pressed on pricing by 4 Democratic lawmakers
The politicians’ letter to Ahold Delhaize CEO Frans Muller asked for an explanation on pricing discrepancies between Massachusetts locations.
By Peyton Bigora • Updated Oct. 11, 2024 -
Mark Seip/Grocery Dive
Albertsons to pay nearly $4M to settle civil law enforcement complaint
The grocer engaged in false advertising and unfair competition by unlawfully charging higher prices on goods, according to Los Angeles’ district attorney.
By Peyton Bigora • Oct. 7, 2024 -
Peyton Bigora/Grocery Dive
UNFI posts net sales increase, unveils 3-year financial recovery plan
The company will focus on “controllable variables” to improve financial results and will cut back on capital investments next year, CEO Sandy Douglas said.
By Peyton Bigora • Oct. 1, 2024 -
Courtesy of Weis Markets
Weis Markets buys 2 supermarkets
The Mid-Atlantic grocer plans to convert the stores it is acquiring from Sunnyway Foods to its own banner.
By Sam Silverstein • Sept. 24, 2024 -
Scott Olson via Getty Images
ColumnThe Friday Checkout: Kroger faces uphill climb as judge weighs merger’s fate
Although a court decision could still be weeks away, Wall Street analysts and investors are predicting the deal with Albertsons won’t get approved.
By Grocery Dive Staff • Sept. 20, 2024 -
Courtesy of Albertsons
Closing arguments in FTC’s case against Kroger-Albertsons merger set for Tuesday
As the three-week-long trial winds down, another legal proceeding over the deal is getting started in Washington state.
By Jeff Wells • Sept. 17, 2024 -
Courtesy of Kroger
Kroger reports sluggish results as merger decision looms
The grocer’s sales were flat during the second quarter, but it returned to profitability after posting a loss during the same period a year ago.
By Sam Silverstein • Sept. 12, 2024 -
Brandon Bell via Getty Images
As the clock ticks on the Kroger-Albertsons merger, the stakes for the grocers are rising, analysts say
“The opportunity cost of pursuing the merger over the past two years has been enormous for Kroger,” one business strategy expert said.
By Sam Silverstein • Sept. 10, 2024 -
Courtesy of Albertsons
ColumnThe Friday Checkout: How strong can C&S be without Safeway?
In a letter that surfaced during the federal Kroger-Albertsons merger trial, C&S told the FTC it would be able to “compete more effectively” if the grocers divest a stronger banner.
By Grocery Dive Staff • Sept. 6, 2024 -
Catherine Douglas Moran/Grocery Dive
More than 47M people live in food-insecure households, USDA reports
More than 13% of U.S. households were food insecure in 2023, a slight uptick from the year before and a significant increase compared to 2020.
By Peyton Bigora • Sept. 6, 2024 -
Courtesy of Kroger
Curtain rises on Kroger and Albertsons’ court fight with the FTC
As the grocers get set to battle regulators before a judge, Kroger said assets it and Albertsons propose divesting would have generated about $21 billion in sales during the year that ended Feb. 3.
By Sam Silverstein • Aug. 26, 2024 -
PierreDesrosiers via Getty Images
Kroger says FTC’s effort to block merger with Albertsons is unconstitutional
The grocer claims the agency’s administrative proceeding alongside its federal lawsuit challenging the deal is “an inappropriate attempt to receive multiple opportunities to litigate the same issues.”
By Catherine Douglas Moran , Sam Silverstein • Updated Aug. 19, 2024 -
Retrieved from GetGo website.
Giant Eagle to sell c-store arm to Couche-Tard
The deal, for an undisclosed amount, includes the grocer’s 270 convenience stores spread across Pennsylvania, Ohio, West Virginia, Maryland and Indiana.
By Brett Dworski • Aug. 19, 2024 -
Courtesy of Kroger
Kroger pledges to double price cuts to $1B after Albertsons merger
The increased investment to lower prices aims to help sweeten the deal as the grocery giants grapple with regulators’ concerns.
By Catherine Douglas Moran • Aug. 16, 2024 -
Courtesy of Walmart
Walmart CEO: ‘Food continues to be strong’
The retailer’s U.S. comparable-store sales excluding fuel rose 4% in Q2, with grocery as well as health and wellness sales outpacing general merchandise.
By Catherine Douglas Moran • Aug. 15, 2024 -
Jessica Dumont/Grocery Dive
Grocery Outlet bags $1B in net sales again, names new CIO
As it focuses on boosting value, the discounter has launched its new private label program with the debut of its Simply Go brand.
By Catherine Douglas Moran • Aug. 7, 2024
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