Doug McMillon: 'I want to challenge your thinking of Walmart'

During an investor meeting Tuesday, executives talked up competitive acquisitions, innovation and investments to "empower" store associates.

By Corinne Ruff • Oct. 17, 2018

Instacart's valuation surges with $600M in new funding

After the latest investment round led by D1 Capital Partners, the e-grocery company is valued at $7.6 billion. 

By Jessica Dumont • Oct. 16, 2018

Albertsons earnings improve in Q2, but long-term growth looks murky

The retailer posted a 1.4% increase in net sales and a 1% comps increase in its first earnings report following its failed merger with Rite Aid.

By Jeff Wells • Oct. 15, 2018

Omnichannel grocery sales surpass $1T

A report from Nielsen and Rakuten Intelligence shows sales growth in fast-moving consumer goods across all channels, including e-commerce, in-store and click-and-collect.

By Jessica Dumont • Oct. 9, 2018

M&A helps food and grocery companies do everything better

Adding trendy products? Reacting quickly to consumer feedback? Delivering groceries and ready-made meals to consumers' doors? Through acquisitions, some of the biggest industry players have added these capabilities.

By Jessi Devenyns • Oct. 4, 2018

Giant Eagle to acquire Ricker's c-store chain

The deal will expand the grocer's fuel station footprint, giving it 57 additional locations in Indiana.

By Krishna Thakker • Oct. 1, 2018

Chicago stalwart Treasure Island Foods is closing

The family-owned specialty grocer, which Julia Child once called "America's most European supermarket," will shutter its six remaining stores Oct. 12.

By Jeff Wells • Oct. 1, 2018

Seasons Kosher Supermarket files for bankruptcy

The Flushing, New York-based grocer says it already has investors lined up as it reorganizes and pays off debt under Chapter 11 protection.

By Krishna Thakker • Sept. 25, 2018

Home delivery competition intensifies as Postmates secures more funding

The $300 million round of funding is expected to help the company reach its goal of covering more than 70% of U.S. households by the end of this year. 

By Alicia Kelso • Sept. 24, 2018

UNFI's Q4 profits fall due to freight costs, customer mix

The wholesaler's revenue for the quarter rose 10.7% to $2.59 billion, but earnings per share came in at 76 cents — below the 86 cents Wall Street projected.

By Jeff Wells • Sept. 21, 2018

Online hyperlocal grocer Milk & Eggs raises $6M in seed funding

The service, which serves the Los Angeles area, works directly with farmers and artisans to provide dairy, eggs, meats, fish, baked goods and produce. 

By Jessica Dumont • Sept. 21, 2018

Kid-focused meal kit maker Yumble raises $7M

The funding, lead by Krave Jerky founder Jon Sebastiani and Danone Manifesto Ventures, will fuel the company's marketing efforts and a national expansion.

By Jacqueline Renfrow • Sept. 21, 2018

Grocery industry braces for impact of Chinese tariffs

Trade groups said while retailers will try to absorb the costs, the already slim profit margins do not allow for much flexibility — meaning the higher expenses could be passed to consumers.

By Jacqueline Renfrow • Sept. 19, 2018

Kroger consolidates Mariano's and Roundy's divisions

Several top executives who were closely tied to former Roundy's CEO Bob Mariano, including Mariano's president Don Rosanova, will depart.

By Jeff Wells • Sept. 17, 2018

Kroger beats earnings estimates but misses on sales

The grocer's stock price fell 9% in premarket trading as revenue came in slightly lower than expected.

By Jeff Wells • Sept. 13, 2018

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

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