Finances & Deals: Page 12

  • A person holding a green shopping basket checks their phone in the freezer isle.
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    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
  • grocery store
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    Christopher Doering/Grocery Dive
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    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 • Jan. 4, 2023
  • An Albertsons sign with palm trees in the background.
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    Mario Tama via Getty Images
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    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 • Dec. 22, 2022
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    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 , • Dec. 22, 2022
  • Kroger Ocado
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    Courtesy of Kroger
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    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 • Dec. 20, 2022
  • Getir's 10-minute service in Boston
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    Courtesy of Getir
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    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 • Dec. 12, 2022
  • Exterior of a Jewel-Osco store.
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    Catherine Douglas Moran/Grocery Dive
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    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 • Dec. 12, 2022
  • Blue Apron meal kits are now available on Walmart.com
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    Courtesy of Blue Apron
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    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 • Dec. 9, 2022
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    Courtesy of United Natural Foods, Inc.
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    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 • Dec. 7, 2022
  • A silver sign on a brick wall identifies the Kroger Co. corporate headquarters.
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    Scott Olson via Getty Images
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    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 • Dec. 6, 2022
  • Kroger storefront
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    Courtesy of Kroger
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    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 • Dec. 5, 2022
  • Kroger Restaurant Supply
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    Courtesy of Kroger
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    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 • Nov. 30, 2022
  • Boxed
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    Courtesy of Boxed
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    Boxed flirts with NYSE delisting after stock price skids

    The online retailer has received a warning from the New York Stock Exchange that it is not in compliance with listing requirements because its average market capitalization during a recent 30-day period was below $50 million.

    By • Nov. 29, 2022
  • Winn-Dixie
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    Courtesy of Southeastern Grocers
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    Southeastern Grocers exploring sale, WSJ reports

    The news, attributed to sources familiar with the matter, comes about a year after the company ended its bid to go public.

    By • Nov. 17, 2022
  • Ralphs in California
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    Thai Phi Le/Grocery Dive
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    Kroger-Albertsons merger

    How the Kroger-Albertsons merger could transform 5 key grocery markets

    The two food retailers each have a strong presence in dozens of markets with unique characteristics, underscoring the complexity of sizing up a national deal in a hyperlocal industry.

    By , • Nov. 17, 2022
  • An Albertsons sign with palm trees in the background.
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    Mario Tama via Getty Images
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    Postponement of Albertsons’ $4B dividend extended to December

    The legal battle over whether the grocer can make the shareholder payout now goes to a hearing early next month, and the payment remains blocked until then.

    By • Nov. 17, 2022
  • Exterior of new large format Target store featuring Drive Up service
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    Courtesy of Target
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    Target’s profits tumble again, casting a shadow over the holidays

    Another disappointing quarter points to pressures on consumers, but some analysts also took the retailer to task for its performance.

    By Ben Unglesbee • Nov. 16, 2022
  • The curved banner of a Walmart store, the brand name in white letters and the characteristic yellow sunburst logo to the right, against a blue sky.
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    Daphne Howland/Grocery Dive
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    Walmart’s strong Q3 powered by grocery

    The retailer, which recorded increases to its U.S. grocery sales and unit growth, has continued to gain market share in food and beverage from households across income demographics, executives told investors Tuesday.

    By Dani James , • Nov. 15, 2022
  • Albertsons store
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    Courtesy of Albertsons
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    Albertsons notches win in fight over $4B dividend

    A federal district court has denied a restraining order request by the attorneys general of California, Illinois and Washington, D.C., against the grocery company’s investor payout, which was originally slated for Nov. 7.

    By • Nov. 9, 2022
  • Sprouts Farmers Market
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    Courtesy of Sprouts Farmers Market
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    Sprouts edges forward in Q3, with deli leading the way

    The specialty retailer posted comparable-store sales growth of 2.4% during the period compared with the third quarter of 2021, while e-commerce sales rose 19%.

    By • Nov. 9, 2022
  • Grocery Outlet
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    Jessica Dumont/Grocery Dive
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    Grocery Outlet names new CEO

    President RJ Sheedy will take on the top role as Eric Lindberg transitions to chairman of the discounter’s board.

    By • Nov. 8, 2022
  • Overhead shot of a family eating a meal.
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    Getty Images
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    5 consumer spending trends this Thanksgiving

    Shoppers are prepared to go extra lengths to save, yet are still willing to pay more to ensure turkey makes it to the table and holiday celebrations can occur in pre-pandemic style. 

    By • Nov. 8, 2022
  • A person in a coat rides a bicycle holding a red DoorDash bag.
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    Michael M. Santiago/Getty Images via Getty Images
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    DoorDash reports significant growth in its grocery, convenience businesses

    In its third-quarter earnings, the company said the number of its U.S. consumers who have ordered from a grocery store has more than doubled in the past year. 

    By • Nov. 4, 2022
  • Albertsons store
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    Courtesy of Albertsons
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    State AGs sue to stop Albertsons’ $4B dividend

    The payout would weaken the grocer as it looks to merge with Kroger, officials of California, Illinois, Washington and Washington, D.C., claimed in a pair of lawsuits.

    By • Nov. 3, 2022
  • Albertsons
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    Courtesy of Albertsons
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    Albertsons defends $4B dividend amid opposition from attorneys general

    The grocer is looking to ward off concerns that the dividend, which is set for Nov. 7, would reward investors while weakening Albertsons’ financial health.

    By • Oct. 27, 2022