Finances & Deals: Page 20
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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 -
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 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 -
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, 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 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 -
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 -
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