Finances & Deals: Page 24
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Tops Markets sees light at the end of the bankruptcy tunnel
The Northeastern chain said it received court approval on a union pension agreement and the closure of 10 underperforming stores.
By Jeff Wells • Sept. 4, 2018 -
Target store traffic smashes records — again
The mass merchant notched an unprecedented 6.4% growth in store traffic in the second quarter as the company accelerates plans to use its physical footprint to meet digital and delivery goals.
By Corinne Ruff • Aug. 22, 2018 -
Deep Dive
Feeding Fido: Food brands sniff out opportunities in the pet market
These investments have been CPGs' best friend. Just ask Smucker, whose entire profit in the last quarter came from the acquisition of a trendy brand.
By Pamela DeLoatch • Aug. 22, 2018 -
Energy savings are freeing up investment capital for grocers
More grocers are implementing LED lighting, thermal energy storage and other green technologies to reduce their carbon footprints and save money.
By Alicia Kelso • Aug. 20, 2018 -
SpartanNash ramps up online ordering to alleviate sliding retail business
Continued growth in the company's distribution unit helped offset impact from a recall of its Caito Foods' fresh-cut produce and lagging sales.
By Alicia Kelso • Aug. 17, 2018 -
In the battle for grocery dominance, Walmart takes the upper hand
The mega-retailer's recent earnings showed it captures a quarter of the entire food market. No other entity even comes close.
By Jessica Dumont • Aug. 17, 2018 -
Fresh foods and e-commerce boost Walmart's strong earnings
Riding an increase in consumer spending, the retail giant posted its strongest grocery comps in nine years, while online sales grew 40%.
By Corinne Ruff • Aug. 16, 2018 -
Full Harvest secures $8.5M to sell imperfect produce
The company, which helps farmers distribute flawed or excess fruits and vegetables, will use this latest funding round to expand its operations.
By Jessica Dumont • Aug. 16, 2018 -
Kroger chops prices in Wisconsin stores
The company lowered costs for thousands of items at Pick n' Save, Metro Market and Copps stores, attempting to hold onto its lead in the state.
By Krishna Thakker • Aug. 15, 2018 -
HelloFresh won't break even until 2019
The German meal-kit provider will instead use profits to expand its offerings and continue boosting its customer count.
By Krishna Thakker • Aug. 14, 2018 -
Ahold Delhaize will leverage Peapod to grow e-commerce
During the company’s most recent earnings report, U.S. online sales grew just 7.7%, versus the industry average of 25%.
By Alicia Kelso • Aug. 13, 2018 -
Albertsons and Rite Aid cancel merger amid shareholder opposition
The $24 billion deal was criticized by investors and advisory firms as undervaluing the drug store chain, with the owner of Safeway and its namesake grocery unwilling to raise its offer.
By Jeff Wells • Aug. 9, 2018 -
Ahold Delhaize hits earnings expectations, but US sales struggle
Competition has challenged banners such as Stop & Shop, but the Dutch company plans to fight back with digital innovation and store updates.
By Jeff Wells • Aug. 8, 2018 -
Kroger considers sale of Turkey Hill business
Offloading the popular ice cream brand could help the grocer pay off debt and free up funds to invest in becoming the next e-commerce giant.
By Jessica Dumont • Aug. 8, 2018 -
Good Catch Foods makes a splash with $8.7M investment
The company uses a six-bean blend to create faux seafood products like fish-free tuna and crab-free cakes.
By Patti Zarling • Aug. 8, 2018 -
Albertsons-Rite Aid merger faces headwinds ahead of Thursday vote
Two advisory firms have come out against the deal, and this week the drug store chain lowered its profitability guidance for the year — an "unusual" move, according to one analyst.
By Jeff Wells • Aug. 7, 2018 -
Albertsons joins forces with venture capital firm to invest in emerging technologies
The grocer has partnered with Greycroft to create a $50 million fund that will be used for the company's digital transformation.
By Jessica Dumont • Aug. 3, 2018 -
Kroger buys real estate to get Lucky's in Florida
Rather than go head-to-head with Publix on its home turf, the grocer is helping bankroll a promising upstart that attracts consumers looking for natural, organic and private label groceries.
By Alicia Kelso • Aug. 2, 2018 -
Expansions, real estate deals boost Publix Q2 earnings
The Florida-based grocer capitalized on its renowned customer service while expanding, helping the company post a 24.5% jump in net earnings.
By Krishna Thakker • Aug. 2, 2018 -
Blue Apron posts loss as customer count falls 24%
The meal kit maker's CEO called 2018 "a year of transition" as the company grapples with higher marketing costs, fewer users of the platform and challenges reaching profitability.
By Krishna Thakker • Aug. 2, 2018 -
Three startups secure a total of $350M to challenge traditional players in food and beverage space
Brandless, Bulletproof and Apeel each announced new funding this week, which they will use to extend their footprints and technology.
By Alicia Kelso • Aug. 1, 2018 -
Report: Online grocery reaches 5.5% of total sales
Regular shoppers have accounted for much of the recent growth, according to Brick Meets Click, which noted that supermarkets are well-positioned to capture future e-commerce sales.
By Jessica Dumont • Aug. 1, 2018
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