Finances & Deals: Page 8
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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 -
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 -
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 Peyton Bigora • May 26, 2023 -
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 Peyton Bigora • May 19, 2023 -
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 Peyton Bigora • May 18, 2023 -
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 Sam Silverstein • May 16, 2023 -
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 Catherine Douglas Moran • May 11, 2023 -
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 Peyton Bigora • May 11, 2023 -
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 Catherine Douglas Moran • April 27, 2023 -
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 -
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 Peyton Bigora • April 18, 2023 -
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 Sam Silverstein • April 17, 2023 -
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 Jeff Wells • April 3, 2023 -
Retrieved from Sprouts Farmers Market on March 20, 2023
Sprouts acquires two stores in Southern California
The Phoenix-based grocer purchased two independently owned locations bearing its name in Chula Vista, California.
By Catherine Douglas Moran • March 21, 2023 -
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 Sam Silverstein • March 16, 2023 -
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 -
Retrieved from Meijer.
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 -
Retrieved from Shef on February 28, 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