Finances & Deals: Page 5
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Southeastern Grocers completes sale of Fresco y Más
The divestiture is linked to a broader plan the grocery company announced last summer to ultimately exit the supermarket business.
By Sam Silverstein • Jan. 26, 2024 -
Kroger-Albertsons merger
Kroger and Albertsons delay merger timeline
The supermarket companies, which now expect to combine by mid-2024, are also facing an effort by Washington state’s attorney general to block the deal.
By Sam Silverstein • Jan. 16, 2024 -
Kroger, private equity firm join forces to invest in emerging CPG brands
The grocer is participating in the new venture, known as MPearlRock, through its 84.51° retail analytics unit.
By Sam Silverstein • Jan. 12, 2024 -
Tech firms Stor.ai and Mercatus to merge
Stor.ai’s parent company Relationshop said the acquisition will offer a unified, personalized and convenient first-party digital shopping experience.
By Catherine Douglas Moran • Jan. 9, 2024 -
11 top grocery M&A deals of 2023
Small and regional grocers have been busy joining forces this year while Kroger and Albertsons wait for a regulatory decision about their merger.
By Catherine Douglas Moran , Peyton Bigora • Dec. 18, 2023 -
Kroger rolls out holiday promotions spanning everything from sushi to fuel points
The grocer has unveiled holiday meal guides that use SNAP-eligible ingredients, ideas for holiday gifting and discount offerings across multiple store sections.
By Peyton Bigora • Dec. 18, 2023 -
Column
The Friday Checkout: Can Dom’s and Foxtrot dance in step with each other?
The Chicago-based retailers are looking to bring together their unique takes on grocery retailing and convenience stores. Will they be able to build a unified persona?
By Grocery Dive Staff • Dec. 1, 2023 -
PFSbrands acquires Mid-Missouri grocer Moser’s Foods
The purchase of the company, which operates eight grocery stores and one c-store, is expected to close in March 2025.
By Peyton Bigora • Dec. 1, 2023 -
Kroger sees results falter, says planned merger with Albertsons is on track
The grocer’s comparable store sales slipped into negative territory during the third quarter even as the company returned to profitability.
By Sam Silverstein • Nov. 30, 2023 -
Walmart records grocery gains in Q3 but feels inflationary heat
The retailer is working to lower food prices to help consumers spend more on general merchandise as the holidays near, executives told investors.
By Catherine Douglas Moran • Nov. 16, 2023 -
Column
The Friday Checkout: Instacart’s $2.6B payout
The company beat the Street in its first earnings report, but all the stock-based compensation it had piled up swung it to a loss.
By Grocery Dive Staff • Nov. 10, 2023 -
Ahold Delhaize’s results lose steam
The grocer’s comparable sales, net sales, operating income and online sales all lost momentum year over year during the third quarter.
By Sam Silverstein • Nov. 9, 2023 -
Instacart posts strong results in first earnings report since public market debut
For its third quarter, the company recorded $764 million in revenue, up 14% year over year, and a net loss of $2 billion mainly due to stock-based compensation tied to its IPO.
By Catherine Douglas Moran • Nov. 8, 2023 -
Ahold Delhaize USA selling FreshDirect to Getir
The food retail giant said it is offloading the grocery e-commerce service to focus on omnichannel.
By Catherine Douglas Moran , Sam Silverstein , Jeff Wells • Nov. 8, 2023 -
Sprouts revises 2024 store count expansion plans
The specialty grocer plans to open 35 new locations next year rather than 40, the company’s CFO said Tuesday during an earnings call.
By Peyton Bigora • Nov. 1, 2023 -
Column
The Friday Checkout: Kroger’s retail media business breaks new ground
The grocery giant plans to measure carbon emissions linked to offsite media campaigns and launch a programmatic offering amid an increasingly competitive retail media landscape.
By Grocery Dive Staff • Oct. 20, 2023 -
Walmart aims to take inflation off the Thanksgiving table
The retailer’s two meal bundles match 2021 prices and provide customers with essential ingredients or convenient ready-to-bake goods.
By Peyton Bigora • Oct. 19, 2023 -
Deep Dive
What’s ahead in grocery M&A?
Kroger and Albertsons’ proposed mega-merger has prompted players in the industry to explore ways to work together, analysts and observers say.
By Catherine Douglas Moran , Sam Silverstein • Oct. 18, 2023 -
Albertsons results soften as headwinds persist
The grocer reported Tuesday that sales growth, same-store sales, net income and adjusted EBITDA all lost steam during the second quarter.
By Sam Silverstein • Oct. 17, 2023 -
Rite Aid files for Chapter 11 bankruptcy, names new CEO
The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.
By Nate Delesline III • Oct. 16, 2023 -
Canada’s five largest grocery chains pledge to stabilize food prices
Metro, Loblaws, Sobeys, Walmart and Costco made initial commitments after recently meeting with the country’s minister of innovation, science and industry.
By Peyton Bigora • Oct. 9, 2023 -
Blue Apron to be acquired by Wonder Group
The food tech company founded by former Walmart e-commerce executive Marc Lore is buying the meal kit company for about $103 million — a fraction of what it was worth when it went public in 2017.
By Catherine Douglas Moran • Sept. 29, 2023 -
Kroger makes local sourcing pledge tied to Albertsons merger
The grocery giant said it will increase the number of local products in its stores by 10% once the proposed mega-merger closes.
By Catherine Douglas Moran • Sept. 20, 2023 -
Kroger took a hard look at the past when crafting divestiture deal, CEO says
The chain was determined to avoid a repeat of Albertsons’ ill-fated 2015 deal with Haggen as it developed plans to sell stores to C&S Wholesale Grocers, Chairman and CEO Rodney McMullen said.
By Sam Silverstein • Sept. 20, 2023 -
Instacart makes long-awaited public market debut
The company’s shares on the Nasdaq started trading at $30 under the ticker symbol “CART” on Sept. 19, putting its valuation at just below $10 billion.
By Catherine Douglas Moran • Sept. 19, 2023