Finances & Deals: Page 7

  • Exterior of a Food Lion store.
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    Permission granted by Food Lion
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    Ahold Delhaize sees results moderate in Q2

    The company recorded increases in comparable-store and net sales in the U.S., but both measures came in significantly lower on a year-over-year basis for the second straight quarter.

    By • Aug. 9, 2023
  • Exterior of a Save A Lot store
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    Courtesy of Save A Lot
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    Save A Lot unloads last corporate-operated stores

    The discount grocer is selling 18 St. Louis-area locations to Leevers Supermarkets as it finishes transferring ownership of all of its stores to independent licensees.

    By • Aug. 8, 2023
  • Grocery store worker showing items in an isle to another worker.
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    jacoblund via Getty Images
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    Sponsored by Revionics

    Setting an initial pricing strategy for new products

    How new advancements in data science unlock optimized pricing faster for new SKUs.

    By Matthew Pavich, Sr. Director, Strategy & Innovation, Revionics • July 31, 2023
  • Albertsons store
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    Courtesy of Albertsons
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    Albertsons records robust Q1 but outlines challenges on the horizon

    The grocery chain posted a 4.9% increase in ID sales, but remains “mindful” of how slowing inflation and SNAP spending will impact the business, CEO Vivek Sankaran said in a statement.

    By • July 25, 2023
  • A brown package on a bright blue background that says "Prime Day" and "July 11-12."
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    Courtesy of Business Wire
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    Column

    The Friday Checkout: The biggest winner on Amazon Prime Day? Cats.

    Data from the 48-hour online sales event showed that cat treats and household essentials were among the hottest products, highlighting the ongoing effects of inflation.

    By Grocery Dive Staff • July 14, 2023
  • Inventory robot in store aisle
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    Courtesy of BJ's Wholesale CLub
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    Simbe Robotics raises $28M as it aims to bring its aisle-scanning tech to more retailers

    The startup, which works with retailers including Schnucks, SpartanNash and BJ’s Wholesale Club, plans to tap the funds to help retailers leverage shopper data, co-founder and CEO Brad Bogolea said.

    By • July 13, 2023
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    Wikimedia Commons
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    Brookshire Grocery prescribes a sale for most of its pharmacies

    The Texas-based grocer has agreed to sell all of its 120 pharmacies in Texas, Louisiana and Arkansas to Walgreens, but will hold onto pharmacies in stores it operates under its Reasor’s banner in Oklahoma.

    By • July 11, 2023
  • Exterior of grocery store
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    Retrieved from El Rancho Supermercado on June 29, 2023
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    El Rancho Supermercado bought by Heritage Grocers Group

    The deal brings the 28-store ethnic supermarket chain under common ownership with specialty grocers Cardenas Markets and Tony's Fresh Market.

    By • June 29, 2023
  • The exterior of a newly constructed Dollar Tree store with the company's signature green color scheme with a blue sky
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    Nate Delesline/Grocery Dive
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    Dollar Tree is rolling out groceries priced up to $5

    At its annual investor conference last week, the discount retailer said it’s introducing higher-priced goods in categories like bread, ice cream and general merchandise at thousands of stores.

    By • June 28, 2023
  • Kroger Boost expands nationwide
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    Courtesy of Kroger
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    Column

    The Friday Checkout: Is Kroger’s uninspiring Q1 a red flag for the grocery giant?

    While the grocer’s CEO projected confidence about the company’s future, the sour reaction from investors could be a sign that they think a bumpy ride is in store.

    By Grocery Dive Staff • June 16, 2023
  • A Dollar General storefront at nighttime featuring the company's signature yellow and black sign
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    Courtesy of Dollar General
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    Dollar General cuts guidance, shareholders OK safety audit

    The retailer also plans to slow the opening pace of its PopShelf stores this year.

    By Nate Delesline III • June 1, 2023
  • Cash registers at an Aldi store
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    Courtesy of Aldi
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    Aldi says its latest price cuts will save shoppers more than $60M

    The summer promotion reduces the cost of more than 250 items as grocers continue to find ways to support shoppers impacted by inflation.

    By • May 26, 2023
  • The exterior of a Walmart store at night
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    Courtesy of Walmart
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    Walmart captures nearly 26% of SNAP grocery dollars

    Kroger, which has the second highest share, accounts for 8.4% of yearly SNAP spending, while Albertsons sees 5.9%, according to data from Numerator.

    By • May 19, 2023
  • The exterior of a new Target store featuring the company's new design includes large glass panels and the company's red bullseye logo
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    Courtesy of Target
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    Target expects $500M profit hit due to theft

    The retailer is implementing additional preventive measures in stores, but expects a major impact to its bottom line if theft and organized retail crime trends continue.

    By • May 18, 2023
  • Blue Apron meal kits are now available on Walmart.com
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    Courtesy of Blue Apron
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    Blue Apron strikes $50M deal to transition to ‘asset-light’ model

    The meal kit maker plans to transfer fulfillment centers, equipment, expertise and an undisclosed number of employees to FreshRealm, which supplies fresh meals to retailers.

    By • May 16, 2023
  • Exterior of Stop & Shop supermarket
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    Sam Silverstein/Grocery Dive
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    Ahold Delhaize sees strong US Q1 results with omnichannel, remodeling efforts

    The Dutch grocer is continuing to grow its market share stateside, where it saw a nearly 12% increase in online sales, executives told investors Wednesday.

    By • May 11, 2023
  • Grocery Outlet
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    Jessica Dumont/Grocery Dive
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    Grocery Outlet revises full-year outlook after robust Q1

    Following a strong first quarter driven by same-store sales results and gross margin expansion, the grocer is bolstering its forecast for fiscal year 2023.

    By • May 11, 2023
  • HelloFresh Market add-on items
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    Courtesy of HelloFresh
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    HelloFresh hits new quarterly revenue high

    For its North American segment in Q1, the meal kit company’s average order value and orders per customer were up year-over-year while its number of orders and customer growth slipped.

    By • April 27, 2023
  • The exterior of a Walmart store at night
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    Courtesy of Walmart
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    Walmart+ offering 20K free memberships for Mother’s Day promotion

    The retailer also cut the price of its membership in half ahead of the holiday season to entice more shoppers to join.

    By Nate Delesline III • April 25, 2023
  • Grocery store exterior
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    Sam Silverstein/Grocery Dive
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    Grocers launch new SNAP benefits

    Eligible Giant Food shoppers in Baltimore will receive a $15 promo code for online produce orders, while Harvest Market in Northern California is participating in a health food program.

    By • April 18, 2023
  • Exterior of supermarket
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    Courtesy of Coborn's
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    Coborn’s to buy Sullivan’s Foods

    The company’s deal to acquire the 11-store chain will mark the Minneapolis-based retailer’s expansion to Illinois and brings its store count to 77 locations in six states.

    By • April 17, 2023
  • Boxed
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    Courtesy of Boxed
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    Boxed files for Chapter 11 bankruptcy

    The company intends to sell its software business while it winds down retail operations over the next several weeks.

    By • April 3, 2023
  • Exterior of a Sprouts store
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    Retrieved from Sprouts Farmers Market on March 20, 2023
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    Sprouts acquires two stores in Southern California

    The Phoenix-based grocer purchased two independently owned locations bearing its name in Chula Vista, California.

    By • March 21, 2023
  • Boxed
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    Courtesy of Boxed
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    Boxed considers filing for bankruptcy

    The e-commerce company, which sells bulk-sized pantry items and runs a fresh grocery delivery business in the New York City area, is facing tension with lenders amid a tightening cash position.

    By • March 16, 2023
  • A person holding a green shopping basket checks their phone in the freezer isle.
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    SolStock via Getty Images
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    What grocery execs are saying about inflation and consumer behavior

    During their most recent earnings calls, leaders at Kroger, Ahold Delhaize and other companies discussed shoppers’ price concerns and how inflation is moderating unevenly across categories.

    By , • March 14, 2023