Finances & Deals: Page 20
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Checkout-free startup secures $30M in funding
Accel Robotics joins a growing number of companies touting technology that can deliver frictionless shopping experiences.
By Jessica Dumont • Dec. 4, 2019 -
Walmart: 'Our strength is being driven by food'
The retail giant posted a 41% increase in e-commerce sales for the third quarter and noted momentum in its snacks, beverages and fresh food categories.
By Ben Unglesbee , Jeff Wells • Nov. 14, 2019 -
Kroger doubles down on Restock
Executives say the wide-ranging strategy is starting to pay off and admitted it initially "asked stores to do too much" — but not everyone is sold on the strategy.
By Jeff Wells • Nov. 6, 2019 -
Ahold Delhaize sees boost from online sales
The retailer has been making significant changes to its e-commerce businesses, while Stop & Shop remains challenged.
By Krishna Thakker • Nov. 6, 2019 -
Sprouts to slow growth in 2020, build smaller stores
CEO Jack Sinclair said the chain will open 20 stores next year as it eyes a path to building scaled-down, more productive locations.
By Jeff Wells • Oct. 31, 2019 -
Fabric raises $110M to fuel micro-fulfillment
The newly rebranded firm plans to accelerate its U.S. growth and announce up to four grocery chain partners next year.
By Jeff Wells • Oct. 23, 2019 -
Albertsons CEO outlines keys to growth
On the heels of a positive second quarter, Vivek Sankaran highlighted developments in online sales, customer loyalty, in-store technology and private label.
By Jessica Dumont • Oct. 16, 2019 -
New Seasons Market creates microloan program
The grocer has introduced a fund for underrepresented business owners with plans to give loans between $5,000 and $25,000.
By Jessica Dumont • Oct. 14, 2019 -
Kroger laying off hundreds of managers nationwide
The news comes as the retailer focuses on alternative revenue and cutting $1 billion in annual expenses.
By Jeff Wells • Oct. 3, 2019 -
UNFI tempers long-term outlook as it closes 'complicated' fiscal year
The distributor said it won’t be able to hit its goal of around $28 billion in annual net sales and $900 million in adjusted EBITDA by 2022.
By Jeff Wells • Oct. 2, 2019 -
Report: Fairway Market is up for sale again
The iconic New York City-based grocer, which operates 15 supermarkets and four wine stores, has interest from potential buyers, Bloomberg reported.
By Krishna Thakker • Sept. 23, 2019 -
Smart cart startup Caper raises $10M
The startup, which says its AI-equipped shopping carts are a cheaper alternative to cashierless stores, will use the funding to build its team and fulfill its pipeline.
By Jessica Dumont • Sept. 12, 2019 -
Amazon acquires stake in Indian grocer
The deal gives the company a 3.58% stake in India's Future Retail, the country's second largest retail chain with more than 1,500 stores.
By Jessica Dumont • Aug. 23, 2019 -
Grocery Outlet bursts off the starting block
Its first publicly reported earnings showed strong comps and income growth, with executives confident in the company's future performance and expansion.
By Jessica Dumont • Aug. 14, 2019 -
Sprouts falls flat on Q2 earnings, but retains optimism
The company blamed some of its struggles on expanding and maintaining store productivity simultaneously, but hopes to build on strengths including its bulk section and pricing.
By Jessica Dumont • Aug. 1, 2019 -
Amazon profits miss as expenses surge
The e-tailer's retail offerings performed well leading up to Prime Day while physical store sales — the majority of which are Whole Foods — remained flat.
By Daphne Howland • July 26, 2019 -
Albertsons' new CEO encouraged, wants to elevate performance
On the company's Q1 earnings call, Vivek Sankaran touted a sixth straight quarterly increase in same-store sales while pointing to the importance of technology and store updates.
By Jessica Dumont • July 24, 2019 -
Analysts are a 'go' for Grocery Outlet stock
The discount grocer's unique model, stable business performance and memorable shopping experience point to long-term success, according to reports from Jefferies and Cowen.
By Lauren Manning • July 16, 2019 -
Independent grocery platform Mercato wins new funding
The e-commerce provider, which serves smaller specialty food retailers, plans to use the capital to expand to new markets.
By Lauren Manning • July 3, 2019 -
Kroger earnings stabilize, but long-term prospects remain murky
The retailer reported same-store sales that were below expectations, and said its alternative revenue streams will contribute $100 million in incremental profit this year.
By Jeff Wells • June 20, 2019 -
On IPO day, Grocery Outlet's president talks future vision
The company's stock, which was priced at $22 per share for the initial public offering, roared to life in trading on the Nasdaq Thursday.
By Jessica Dumont • June 20, 2019 -
Grocery Outlet looks to raise $250M in IPO
The discount grocer aims to sell 17.2 million shares of common stock priced between $15 and $17 per share.
By Jessica Dumont • Updated June 10, 2019 -
UNFI beats earnings expectations as Supervalu integration continues
The distributor benefited from higher inflation, but its core business remains challenged by the competitive pressures and shifting consumer tastes its retail customers face.
By Jeff Wells • June 6, 2019 -
BJ's sets its sights on grocery
After shifts to health and beauty, the retailer's CEO Christopher Baldwin said during an earnings call that it plans to double down on the segment, particularly perishable goods.
By Lauren Manning • May 24, 2019 -
Meal kit maker Purple Carrot sold to Japanese e-grocer
The deal includes a $12.8 million upfront payment plus $17 million if Purple Carrot hits unspecified earnings goals over the next three years, according to the companies.
By Jeff Wells • May 22, 2019