Finances and Deals
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Courtesy of Kroger
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 -
Sam Silverstein/Grocery Dive
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 -
Courtesy of Instacart
Instacart makes long-awaited public market debut
The company’s shares on the Nasdaq started trading at $30 under the ticker symbol “CART” on Tuesday, putting its valuation at just below $10 billion.
By Catherine Douglas Moran • Sept. 19, 2023 -
Courtesy of Instacart
Instacart lifts target IPO share price range
The grocery tech company now expects its shares to fetch between $28 and $30 each, which would raise between $616 million and $660 million for the firm when it goes public.
By Catherine Douglas Moran • Sept. 15, 2023 -
Courtesy of Albertsons
Even with divestiture deal, Kroger-Albertsons merger faces challenging odds, analysts say
The grocers’ plan to sell hundreds of stores to C&S Wholesale Grocers increases the chance of the deal getting done, according to two Wall Street firms — though they still put the odds at only around 50%.
By Sam Silverstein • Sept. 14, 2023 -
Scott Olson via Getty Images
Mapping Kroger and Albertson’s store divestiture deal with C&S
Three maps help outline the proposed $1.9 billion divestiture plan and show how the wholesaler could more than triple its footprint of retail locations.
By Catherine Douglas Moran , Peyton Bigora • Sept. 12, 2023 -
Courtesy of Kroger
UFCW local unions raise concerns about Kroger-Albertsons’ divestiture plan with C&S
Seven UFCW Locals likened the deal to Haggen's purchase of Safeway stores in 2015, while UFCW International’s president said the organization will continue to closely monitor its impact.
By Peyton Bigora • Sept. 11, 2023 -
Courtesy of Instacart
Instacart seeks up to $9.3B valuation in IPO
The grocery tech company plans to offer 22 million shares within an estimated price range of $26 to $28 per share, which would raise between $572 million and $616 million, per an SEC filing.
By Catherine Douglas Moran , Sam Silverstein • Sept. 11, 2023 -
Courtesy of Kroger
Kroger sees Q2 earnings slip with $1.4B opioid settlement charge
The grocer brought in $33.9 billion in sales, 2% less than during the same period last year, and said its settlement will cover most nationwide opioid claims.
By Catherine Douglas Moran • Sept. 8, 2023 -
Mario Tama via Getty Images
Kroger, Albertsons may sell stores to C&S Wholesale Grocers: reports
The wholesale grocery supply company is in talks to buy locations that the supermarket operators are looking to offload to win regulatory approval for their merger, according to Bloomberg and Reuters.
By Catherine Douglas Moran • Sept. 6, 2023 -
Andrew Wong via Getty Images
How grocers are targeting back-to-school shoppers
Along with traditional promos on supplies and snacks, retailers this year are also incorporating evolving areas of their businesses like health services and prepared foods.
By Peyton Bigora • Aug. 28, 2023 -
Courtesy of Instacart
Instacart's Road to IPOInstacart files plans to go public
The grocery technology company, which intends to list its shares on the Nasdaq under the ticker symbol “CART,” said it has not yet determined how much money it will seek to raise through the IPO.
By Sam Silverstein , Catherine Douglas Moran • Updated Aug. 25, 2023 -
Courtesy of Boxed
Boxed acquired by MSG Distributors
The regional distributor of consumables and household products stated it will work to continue serving Boxed’s customers, vendors and brands.
By Peyton Bigora • Aug. 21, 2023 -
Courtesy of Kroger
State officials urge FTC to stop Kroger-Albertsons merger
In a Wednesday letter to Federal Trade Commission Chair Lina Khan, seven secretaries of state said the proposed deal would hurt shoppers, suppliers and workers.
By Sam Silverstein • Aug. 17, 2023 -
Courtesy of HelloFresh
Meal kit roundup: HelloFresh earnings surge as Blue Apron announces layoffs
HelloFresh reported record adjusted EBITDA during Q2 even as its active customer base shrunk, while Blue Apron laid off around 20% of its corporate staff during the quarter.
By Sam Silverstein • Aug. 11, 2023 -
Permission granted by Food Lion
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 Sam Silverstein • Aug. 9, 2023 -
Courtesy of Save A Lot
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 Sam Silverstein • Aug. 8, 2023 -
jacoblund via Getty Images
Sponsored by RevionicsSetting 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 -
Courtesy of Albertsons
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 Catherine Douglas Moran • July 25, 2023 -
Courtesy of Business Wire
ColumnThe 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 -
Courtesy of BJ's Wholesale CLub
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 Sam Silverstein • July 13, 2023 -
Wikimedia Commons
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 Sam Silverstein • July 11, 2023 -
Retrieved from El Rancho Supermercado on June 29, 2023
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 Sam Silverstein • June 29, 2023 -
Nate Delesline/Grocery Dive
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 Peyton Bigora • June 28, 2023 -
Courtesy of Kroger
ColumnThe 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
