Finances and Deals


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    Courtesy of Ocado

    Ocado buys robotics startup as it looks to speed up delivery prep

    The U.K.-based online grocery order-fulfillment company plans to pay 10.2 million euros ($10.9 million) to take over Myrmex, an automation specialist in which it initially invested in 2020.

    By May 24, 2022
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    Courtesy of BJ's Wholesale Club

    BJ's rides gas sales to strong Q1 results

    Low prices at its fuel centers spurred people to fill up and shop inside its stores, where grocery and perishable categories led sales.

    By May 19, 2022
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    Courtesy of Gopuff

    Gopuff lands former Disney CEO Bob Iger as investor and advisor

    The instant delivery company said it is tapping into Iger's experience leading an organization focused on building relationships with consumers.

    By May 18, 2022
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    Courtesy of Walmart

    Walmart's profits take a hit as fuel spikes and consumers react to inflation

    As costs continue rising, the retailer is strategically raising and rolling back prices as it seeks market share and profit.

    By Ben Unglesbee • May 17, 2022
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    Courtesy of The Fresh Market

    South American retailer to buy majority stake in The Fresh Market for $676M

    The deal with current owner Apollo Global Management will let Cencosud acquire 67% of the specialty grocer.

    By , Updated May 11, 2022
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    Jessica Dumont/Grocery Dive

    Grocery Outlet raises full-year guidance, will expand e-commerce coverage

    CEO Eric Lindberg said during Tuesday's earnings call that the discount grocer plans to introduce Uber Eats and DoorDash delivery to a subset of stores following a successful online rollout with Instacart. 

    By May 11, 2022
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    Retrieved from Apple on February 22, 2022

    Food Rocket plans to offer 15-minute delivery from Chicago convenience store

    The ultrafast grocery delivery startup intends to co-locate a fulfillment center with a Circle K location set to open this summer and plans to expand to additional cities this year.

    By May 10, 2022
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    Permission granted by Sprouts Farmers Market

    Sprouts lowers its outlook for the year as unit sales decline

    CEO Jack Sinclair said the company sees ways to boost baskets amid rising gas and food prices, but analysts aren't sold on the plan.

    By May 5, 2022
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    Thai Phi Le/Grocery Dive

    Publix sees sales and earnings rise in Q1

    The Florida-based supermarket chain recorded a comparable store sales increase of 11.7% for the first quarter of 2022 on a year-over-year basis, as revenue for the period rose 13.5% to $13.2 billion.

    By May 3, 2022
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    Courtesy of Food Rocket

    Rapid grocery delivery startup Food Rocket raises $25M, links with Circle K

    The company plans to use the funding to expand to new markets, bolster its proprietary technology and work alongside the convenience store chain on e-commerce.

    By April 27, 2022
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    Retrieved from Tony's Fresh Market on April 20, 2022

    Tony's Fresh Market sold to Apollo Global Management

    The private equity firm is taking control of the Chicago-based specialty grocery chain, which has been family owned since its founding in 1979.

    By April 20, 2022
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    Justin Sullivan via Getty Images

    Albertsons' CEO sees loyalty as 'next phase' of business transformation

    The grocer's loyalty program now has 30 million members, and the company hopes to deepen engagement across its digital and store initiatives, Vivek Sankaran told investors on Tuesday.

    By April 12, 2022
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    Courtesy of Save Mart

    Save Mart taps former Albertsons marketing chief as executive chairman

    In an interview, Shane Sampson said the newly acquired regional grocery chain plans to be "nimble and agile" and that new private equity owner Kingswood Capital Management understands retail.

    By April 5, 2022
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    Permission granted by Sprouts Farmers Market

    Sprouts ties new loan terms to sustainability goals

    The health-focused grocer will incur lower borrowing costs under the revolving credit facility if it achieves targets for the sale of socially and environmentally sustainable products and the diversity of its board of directors.

    By March 28, 2022
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    Courtesy of The Save Mart Companies

    Save Mart bought by private equity firm

    The acquisition of the grocery company, which runs roughly 200 stores under the Save Mart, Lucky California and FoodMaxx banners in California and Nevada, marks the latest sale of a regional grocery chain.

    By , March 28, 2022
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    Permission granted by Instacart

    Instacart slashes its valuation by nearly 40%

    The move comes amid a significant slowdown in growth on its core marketplace and follows its expansion into new technology services for retailers.

    By March 25, 2022
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    Permission granted by Dollar General

    Dollar General bulks up on perishables in Q4 as overall comps wilt

    Sales penetration across the discount retailer's frozen and refrigerated categories has grown to 9%, driven by its DG Fresh self-distribution initiative.

    By March 18, 2022
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    Courtesy of Boxed

    Boxed targets B2B sales, technology services for growth

    In its first public earnings report, the e-tailer noted sluggish results for its retail operations but expressed optimism for its business sales and tech services.

    By March 17, 2022
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    Courtesy of AiFi

    AiFi raises $65M as retailers sharpen focus on computer vision

    The frictionless checkout technology provider plans to use the funds, which it raised from investors including Aldi South Group, to expand its technical staff and put its gear into stores faster.

    By March 14, 2022
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    Courtesy of United Natural Foods, Inc.

    UNFI raises full-year guidance as it weathers supply chain challenges

    Sales to Whole Foods and independent grocers increased by double digits in the company's Q2, but supply chain pressures continue to impact the business.

    By March 10, 2022
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    Scott Olson via Getty Images

    Retail tech provider Swiftly raises $100M

    The company, which helps drive digital shoppers to grocery stores, plans to expand its workforce by about 50%, said Chief Technology Officer Sean Turner.

    By March 9, 2022
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    Courtesy of Buyk

    Buyk halts service due to financing roadblock

    Unable to access funds from its Russian founders, the U.S.-based ultrafast delivery service has furloughed workers and stopped serving customers until it lines up U.S. funding sources.

    By March 8, 2022
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    Courtesy of Kroger

    Kroger's stock price soars after Q4 results and 2022 guidance beat projections

    The grocer's better-than-expected comps and earnings guidance raised its stock price to its highest level in more than a year and indicated it still has plenty of room to grow in 2022.

    By March 3, 2022
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    Thai Phi Le/Grocery Dive

    Publix boosts capital budget for 2022

    The Southeastern chain expects to spend $2 billion this year on new stores and other projects, a 55% increase over the nearly $1.3 billion it invested in 2021.

    By March 2, 2022
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    Jessica Dumont/Grocery Dive

    Grocery Outlet sees a brighter future amid inflation, supply chain woes

    One-stop shopping behaviors have stemmed the company's growth during much of the pandemic, but executives say the chain is resonating with increasingly price-conscious shoppers.

    By , March 2, 2022