Finances & Deals: Page 17
-
Permission granted by Albert Yee
UNFI branches out into bitcoin and a local marketplace
The distributor continues to build out its services and private brands as retailers reposition for a post-pandemic future.
By Jeff Wells • March 11, 2021 -
Costco's same-day grocery delivery sales rise 450%
The club retailer's three-store pickup test is going well, with basket sizes that have "surpassed our expectations," said CFO Richard Galanti.
By Jeff Wells • March 8, 2021 -
Courtesy of Whole Foods
UNFI extends Whole Foods distribution deal into 2027
Negotiations between the wholesaler and retailer had been delayed due to the pandemic.
By Jeff Wells • March 4, 2021 -
Courtesy of Kroger
Kroger beats estimates in Q4 as digital momentum builds
The grocer forecast identical sales growth of 9% to 11% for fiscal 2021 on a two-year basis as it laps record sales driven by the pandemic.
By Jeff Wells • March 4, 2021 -
Courtesy of Target
Target's $15B sales growth in 2020 outpaces past 11 years
The mass merchant's digital sales during the year ballooned by nearly $10 billion, while its same-day services increased by 235%.
By Maria Monteros • March 2, 2021 -
Sprouts sees digital sales soar almost 300% in Q4 as it drives traffic in-house
The natural foods chain saw 15% of its online traffic come through its new in-house platform.
By Sam Silverstein • Feb. 26, 2021 -
Permission granted by Gelson's
Gelson's to be acquired by Don Quijote owner PPIH
The Japanese retailer plans to expand the upscale Southern California supermarket chain, which recorded $872 million in net sales last year.
By Jeff Wells • Feb. 24, 2021 -
Courtesy of Blue Apron
Blue Apron sees sales rise 22% in Q4, but still posts a loss
The meal kit company is looking to a slew of new product launches this year to generate growth.
By Sam Silverstein • Feb. 19, 2021 -
Courtesy of Walmart
Walmart posts 'record' Q4 thanks to online and holiday demand
The retailer's grocery category reflected broad-based strength, with store pickup and delivery seeing a new high in sales volume growth.
By Maria Monteros • Feb. 18, 2021 -
Price Chopper and Tops announce merger
The tie-up brings greater economies of scale to two Northeast grocers that have struggled in recent years with heightened industry competition.
By Jeff Wells , Sam Silverstein • Feb. 8, 2021 -
Wakefern to close 62 ShopRite pharmacies amid stifling competition
The cooperative plans to transfer prescription files at the affected stores to nearby CVS locations.
By Sam Silverstein • Jan. 26, 2021 -
Courtesy of Southeastern Grocers
Southeastern Grocers withdraws IPO filing
The grocer, which had postponed its public offering early this year, submitted a formal withdrawal request last week with the Securities and Exchange Commission.
By Jeff Wells , Sam Silverstein • Updated Nov. 2, 2021 -
Sam Silverstein/Grocery Dive
Albertsons reports strong Q3 sales as digital results power ahead
The grocer plans to start looking back two years when measuring its financial performance as the pandemic nears its first anniversary.
By Sam Silverstein • Jan. 12, 2021 -
Krishna Thakker/Grocery Dive
Los Angeles County considering 'hero pay' bonus for grocery workers
The county's Board of Supervisors will vote later this month on an ordinance mandating a $5 temporary pay bump to grocery and retail drugstore workers.
By Rosie Bradbury • Jan. 7, 2021 -
Courtesy of Walmart
Deep Dive8 trends that will shape the grocery industry in 2021
After one of the most tumultuous years in recent memories, experts say 2021 will be the year grocers move from reacting to strategically managing for long-term growth.
By Jeff Wells , Sam Silverstein , Catherine Douglas Moran • Jan. 4, 2021 -
Smart checkout firm Trigo secures $60M in new funding
British supermarket chain Tesco, which is piloting the technology at one of its stores, continued as an investor in the Israeli startup.
By Jeff Wells • Dec. 21, 2020 -
Sam Silverstein/Grocery Dive
Grocery sales pick up steam in November
The food-retailing sector moved ahead by nearly 2% during the month even as overall retail sales dipped, according to the Census Bureau.
By Sam Silverstein • Dec. 16, 2020 -
Retrieved from Farmstead.
Farmstead will expand to 14 more markets in 2021
The online startup said it has also achieved profitability on a per-order basis in its home market of San Francisco.
By Jeff Wells , Rosie Bradbury • Dec. 15, 2020 -
Ahold Delhaize links latest line of credit to sustainability goals
The Netherlands-based grocery retailer has closed a new revolving credit facility tied to its health and environmental ambitions.
By Rosie Bradbury • Dec. 14, 2020 -
Costco reports strong comps, net sales and earnings in Q1 as foot traffic recovers
The retailer saw online grocery sales surge by almost 300% during the 12 weeks that ended Nov. 22.
By Sam Silverstein • Dec. 11, 2020 -
Courtesy of Whole Foods Market
UNFI expects to renew Whole Foods contract, name new CEO early next year
The distribution company's sales moderated as it missed Wall Street estimates for revenue and earnings per share.
By Jeff Wells • Dec. 10, 2020 -
Dollar General reports strong Q3 results as it continues self-distribution push
The discount chain offers produce at more than 1,000 stores and expects to roll it out to 600 additional locations next year.
By Sam Silverstein • Dec. 4, 2020 -
Courtesy of Kroger
Kroger's overall sales growth slows as digital remains hot
Online sales contributed to nearly half of the grocer's 10.9% comparable sales gain in Q3, with channel demand "three years or so" ahead of schedule, Chairman and CEO Rodney McMullen said.
By Sam Silverstein • Dec. 3, 2020 -
Courtesy of BJ's Wholesale Club
BJ's grocery sales remain robust amid one-stop shopping
The warehouse club is focusing its assortment on healthier offerings as it looks to attract families with teens.
By Sam Silverstein • Nov. 23, 2020 -
Courtesy of Target
Target steals more market share as same-day channels grow 217% in Q3
The retailer posted banner numbers across the board as consumers leaned on its digital-first services and flocked to its stores.
By Ben Unglesbee • Nov. 18, 2020
Previous
