Finances & Deals: Page 8
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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 Sam Silverstein , Peyton Bigora • March 14, 2023 -
Meijer and Flashfood expand tie-up to include SNAP payments
The Midwestern grocer is the first of the food waste solution company’s partners to make the payment method accessible on the company’s app.
By Peyton Bigora • March 14, 2023 -
States are looking to cut their grocery taxes. Here’s what that means for grocers.
The taxes not only disproportionately impact lower-income shoppers but can also influence where they buy food and distract from retail differentiation strategies, said Andy Harig with the Food Industry Association.
By Catherine Douglas Moran • March 13, 2023 -
UNFI’s profits plunge as sales hit a record
The grocery retailer and wholesaler has slashed its outlook for fiscal year 2023 and is implementing a “transformation agenda” to improve its performance, CEO Sandy Douglas said during an earnings call Wednesday.
By Sam Silverstein • March 8, 2023 -
Blue Apron has a plan to avoid NYSE delisting
The meal kit maker has until June 21, 2024, to address its global market capitalization listing standard deficiency and until June 21, 2023, to fix its share price listing standard deficiency.
By Catherine Douglas Moran • March 3, 2023 -
Sprouts accelerates rollout of smaller stores
The retailer plans to open at least 30 locations in 2023, all of which will be based on its newer format, and to close 11 larger ones based on its legacy design, executives said Thursday.
By Sam Silverstein • March 3, 2023 -
Column
The Friday Checkout: Private brands shine in grocery earnings
The CEOs of Sprouts, Kroger and Dollar Tree recently told investors they plan to expand their store brands, noting their private label lines are resonating with inflation-weary consumers.
By Grocery Dive Staff • March 3, 2023 -
Homecooked meals marketplace Shef raises $73.5M, plans nationwide expansion
The company is now accepting applications from cooks across the country to sell their meals on the platform.
By Catherine Douglas Moran • March 1, 2023 -
SpartanNash’s comps rise but earnings plummet
For fiscal year 2022, the grocery distributor and supermarket operator recorded net earnings of $34.5 million, down over 50% from the prior fiscal year.
By Catherine Douglas Moran • Feb. 24, 2023 -
Consumers believe inflation is much higher than it really is
U.S. shoppers assume food-at-home prices are going up at twice their actual pace and overestimate grocers’ profitability, per Dunnhumby’s latest Consumer Trends Tracker.
By Peyton Bigora • Feb. 15, 2023 -
Grocery shoppers take legal action to stop Kroger from buying Albertsons
The lawsuit, filed last week in federal court, claims the merger would negatively impact consumers by raising prices, cutting choices and hurting service.
By Sam Silverstein • Feb. 8, 2023 -
Column
The Friday Checkout: Discounters reap the rewards of 2022 inflation
Aldi, Lidl and Grocery Outlet have already seen increased foot traffic and store expansion coming off years of pandemic-influenced shopping behavior, supply chain disruptions and inflation.
By Grocery Dive Staff • Jan. 6, 2023 -
SpartanNash acquires Midwestern grocery supplier Great Lakes Foods
In purchasing the food wholesaler, the food solutions company also took ownership of its 300,000-square-food distribution center located in Menominee, Michigan.
By Peyton Bigora • Jan. 5, 2023 -
Deep Dive
8 trends that will shape the grocery industry in 2023
The lingering impacts of inflation, the growth of retail media and the full return of the store shopping experience will have a significant impact in the year ahead, experts predict.
By Grocery Dive Staff • Jan. 4, 2023 -
Relationshop acquires grocery e-commerce provider Stor.ai
The acquisition was driven by a need to offer an end-to-end e-commerce platform that can compete with larger players like Amazon and Instacart, said Relationshop CEO Galen Walters.
By Sam Silverstein • Jan. 4, 2023 -
Albertsons special dividend remains paused as legal fight heads into 2023
While the temporary restraining order against the payment remains until a Washington State Supreme Court review in early February, the grocery company won a ruling in a Washington, D.C., district court.
By Catherine Douglas Moran • Dec. 22, 2022 -
11 top M&A grocery deals of 2022
The proposed Kroger-Albertsons merger may have stolen the spotlight, but this year also saw a string of major acquisitions that combined grocers and advanced digital innovations.
By Peyton Bigora , Catherine Douglas Moran • Dec. 22, 2022 -
Kroger promotes $10 meals during the holidays
The grocer said it’s offering numerous options at that price point for a family of four as budget-conscious shoppers navigate the gifting season.
By Peyton Bigora • Dec. 20, 2022 -
Getir acquires ultrafast delivery rival Gorillas
The deal consolidates two of the major players in an industry that has struggled to grow in the U.S.
By Jeff Wells • Dec. 12, 2022 -
Judge denies preliminary injunction against Albertsons’ $4B dividend
The Friday ruling by a Washington state judge extended a temporary restraining order halting the payment until Dec. 19 to allow time for the state’s attorney general to appeal the ruling.
By Sam Silverstein • Dec. 12, 2022 -
Blue Apron cuts 10% of corporate jobs as it faces cash crunch
The meal kit company said Thursday it looks to shave costs by $50 million during the coming year.
By Sam Silverstein • Dec. 9, 2022 -
UNFI posts sales increase in Q1, links automation plans to growth
The grocery wholesaler and retailer brought in net sales of $7.5 billion during the quarter, a 7.6% year-over-year increase due largely to inflation and new business.
By Sam Silverstein • Dec. 7, 2022 -
Kroger gets FTC request for more details on Albertsons merger
The federal agency’s call for more information extends the waiting period for the grocers as they undergo the regulatory review process.
By Catherine Douglas Moran • Dec. 6, 2022 -
Here’s what to know about the Kroger-Albertsons merger
The deal could form a formidable new industry competitor, but it’s facing considerable pushback as a potentially bruising regulatory review looms.
By Jeff Wells • Dec. 5, 2022 -
Kroger-Albertsons merger
Kroger and Albertsons defend planned merger at Senate hearing
The grocers do not intend to close any of the supermarkets they operate if the deal receives regulatory clearance, the companies’ chief executives told lawmakers on Tuesday.
By Sam Silverstein • Nov. 30, 2022