Finances & Deals: Page 16
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Scott Olson via Getty Images
Kroger's stock jumps as comp sales turn positive
The company posted its first positive identical sales growth this fiscal year as net sales and earnings also beat Wall Street's expectations.
By Jeff Wells • Dec. 2, 2021 -
Courtesy of Boxed
Boxed moves into on-demand, fresh grocery delivery with acquisition
By acquiring New York's MaxDelivery, the online retailer said it will be able to scale same-day, dark-store-powered service to additional markets in the months ahead.
By Catherine Douglas Moran , Jeff Wells • Nov. 30, 2021 -
Joe Raedle via Getty Images
Dollar Tree pivots to $1.25 prices even as inflation-wary shoppers seek the retailer out
The company saw a modest sales bump during the third quarter, with consumers chasing value. Meanwhile, supply chain costs have choked margins.
By Ben Unglesbee • Nov. 23, 2021 -
Courtesy of BJ's Wholesale Club
Grocery leads sales gains for BJ's as club stores continue to thrive
Grocery comps for the quarter increased 6%, and the company announced it will begin delivery via DoorDash early next year.
By Jeff Wells • Nov. 19, 2021 -
Al Bello via Getty Images
Walmart steals grocery market share in Q3
Domestic comp sales were up 9.2% in the quarter as consumers turned to the retailer amid record inflation.
By Maria Monteros • Nov. 16, 2021 -
Jessica Dumont/Grocery Dive
Grocery Outlet still struggling to regain momentum
Traffic levels remain depressed as shoppers continue to prioritize stock-up shopping and e-commerce, but stock analysts see a brighter 2022 ahead for the discount grocer.
By Catherine Douglas Moran • Nov. 10, 2021 -
Permission granted by Sprouts Farmers Market
Sprouts sees comp sales fall as strategy stalls
The produce-focused grocer has not been able to regain the approximately 25% of transactions it lost in the second quarter of 2020, CEO Jack Sinclair said during the company's earnings call.
By Sam Silverstein • Nov. 5, 2021 -
Retrieved from Google Maps on November 02, 2021
Brookshire Grocery Company to acquire Reasor's
With the acquisition, the Texas-based supermarket chain will expand into Oklahoma, with the 17 stores continuing to operate under the Reasor's banner.
By Catherine Douglas Moran • Nov. 2, 2021 -
Sean Gallup via Getty Images
Amazon Q3 retail sales rise only slightly as profits plummet
The e-commerce giant grappled with ballooning costs and falling revenue in the period, reflecting challenges that other retailers also face right now.
By Daphne Howland • Oct. 29, 2021 -
Courtesy of Instacart
Deep Dive // Instacart's Road to IPOExamining Instacart's emerging next chapter
On the heels of two technology acquisitions, a deeper move into digital ads and fulfillment-as-a-service, analysts weigh in on what the e-commerce company is building.
By Catherine Douglas Moran • Oct. 26, 2021 -
Permission granted by Weee
E-grocer Weee expands restaurant delivery with acquisition
The company's pickup of food delivery company Ricepo helps deepen its presence in restaurant delivery and respond to customer demands, according to the Thursday announcement.
By Catherine Douglas Moran • Oct. 21, 2021 -
Retrieved from Google Maps on October 19, 2021
Coborn's to enter Michigan with 6-store acquisition
The purchase of Tadych's Econofoods will boost Coborn's store count by roughly 10% and add approximately 800 employees to its workforce.
By Catherine Douglas Moran • Oct. 20, 2021 -
Courtesy of Gorillas
Gorillas nabs nearly $1B in Series C funding led by Delivery Hero
The funding puts the ultrafast delivery startup at a pre-money valuation of $2.1 billion and gives Delivery Hero a roughly 8% stake in the company.
By Catherine Douglas Moran • Oct. 19, 2021 -
Courtesy of Instacart
Instacart buys smart cart maker Caper AI for $350M
The e-commerce company said its acquisition will help bridge in-store and online shopping for consumers while making it easier for its workers to fulfill orders.
By Catherine Douglas Moran • Oct. 19, 2021 -
Retrieved from Instacart on March 02, 2021
Instacart acquires catering software firm FoodStorm
The acquisition will provide Instacart with an order management system for end-to-end order-ahead and catering services that it will integrate into its enterprise grocery e-commerce solutions.
By Catherine Douglas Moran • Oct. 7, 2021 -
Courtesy of Bashas'
Raley's completes Bashas' acquisition, forms new business enterprise
The combined companies will have two operating divisions as well as a shared leadership group known as The Raley's Companies.
By Jeff Wells • Updated Dec. 16, 2021 -
Courtesy of Avo
How one delivery startup is focusing on landlords to grow its business
Avo, which offers same-day grocery delivery without a fee to occupants of office and residential buildings in New York, New Jersey, Chicago and Houston, just announced $45 million in new funding.
By Sam Silverstein • Sept. 30, 2021 -
Courtesy of United Natural Foods, Inc.
UNFI turns supply chain woes into higher sales
“It’s been a roller-coaster ride” keeping retailers stocked, but the company is benefiting from supply chain disruption, the supplier’s president told investors on Tuesday.
By Jeff Wells • Sept. 28, 2021 -
Courtesy of Bashas'
FMI: 80% of food retailers say hiring issues are hurting business
Despite boosting worker incentives, food retailers saw an overall turnover rate of 58% last year, up from 40% in 2019, the trade group found.
By Catherine Douglas Moran • Sept. 16, 2021 -
GrubMarket brings in $120M in Series E funding
The produce distributor and technology company is exploring the development of automated picking systems and planning to expand into new service areas.
By Sam Silverstein • Sept. 15, 2021 -
Courtesy of Save A Lot
Save A Lot sells 32 stores, converting them to local ownership
The stores located in the greater Cleveland, Chicago and Milwaukee areas are slated for remodeling next year to reflect the discount grocer's updated branding.
By Catherine Douglas Moran • Sept. 8, 2021 -
Joe Raedle via Getty Images
USDA unveils $700M relief fund with $20M for grocery workers
Secretary Tom Vilsack said while the pandemic placed frontline employees at a physical risk, the virus' impact on their finances shouldn't be ignored.
By Christopher Doering , Catherine Douglas Moran • Sept. 7, 2021 -
Cashierless tech startup Zippin raises $30M
Armed with the new funding, the company aims to scale its checkout-free technology to "tens of thousands of stores" by 2025.
By Tatiana Walk-Morris • Sept. 7, 2021 -
Courtesy of Kraft Heinz
CPG manufacturers face 'labor crisis' amid supply chain pressures, report says
The Consumer Brands Association noted that only 12,000 jobs were added in the second quarter despite higher wages, while demand and manufacturing costs continued to rise.
By Jessi Devenyns • Aug. 31, 2021 -
Courtesy of Consort Partners
Point Pickup buys e-commerce firm GrocerKey
The purchase allows Point Pickup to offer an end-to-end solution and is the latest in a string of acquisitions of grocery e-commerce companies this year.
By Catherine Douglas Moran • Aug. 26, 2021
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