Finances & Deals: Page 19
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Stop & Shop, Ingles announce new worker bonuses
Ingles will give an extra $300 to full-time associates and $150 to those working part-time, while Stop & Shop is granting payments worth 10% of hours worked between July and August.
By Sam Silverstein • Sept. 25, 2020 -
Grocery sales dip as restaurant sales pick up
While restaurant sales industrywide accelerated 3.7% in August, grocery chains saw a 7% drop in dollar growth, according to data from M Science.
By Rosie Bradbury • Sept. 21, 2020 -
Grocery sales dip in August as overall retail spending picks up
Sales at food retailers fell 1.6% compared with their level in July as overall retail sales climbed 0.6%.
By Sam Silverstein • Sept. 16, 2020 -
Grocery foot traffic fully rebounds at major chains
Store visits to Albertsons, Kroger, Publix and Trader Joe's increased across the summer and are trending above 2019 figures, according to data from Placer.ai.
By Rosie Bradbury • Sept. 14, 2020 -
Asian e-grocer Weee charts ongoing expansion with $35M in funding
The California-based startup, which already turns a profit and recently added service in four new regions, will use the capital infusion to continue growing and recruiting.
By Jessica Dumont • Aug. 26, 2020 -
Retrieved from Target on November 15, 2019
Target's Q2 sales powered by store traffic, same-day service gains
Grocery pickup, now available at more than 1,500 locations, helped drive a 273% increase across the company's click-and-collect and delivery services.
By Jeff Wells • Aug. 19, 2020 -
Ahold Delhaize's US digital sales soar 127%
Click-and-collect orders are fueling growth as the grocer steps up its e-commerce investments to capitalize on the seismic spending shift.
By Jeff Wells • Aug. 5, 2020 -
Publix's Q2 comps rise nearly 20%
The grocer recorded a 22% increase in net sales during the three-month period as shoppers stocked up during the early stages of the pandemic.
By Krishna Thakker • Aug. 4, 2020 -
Retrieved from Walmart on May 08, 2019
Walmart cuts corporate jobs as it focuses on omnichannel push
Changes in the retail giant's merchandising and other teams have led to hundreds of layoffs, according to Bloomberg.
By Ben Unglesbee • July 31, 2020 -
Amazon's online grocery sales triple in Q2 as Prime spending swells
The e-tailer also tripled the number of locations offering grocery pickup as it quickly built up capacity during the pandemic.
By Jeff Wells • July 31, 2020 -
Blue Apron gains steam during COVID
The meal kit company reported its first profit since going public as it gained 20,000 new customers and saw order value and frequency rise.
By Jessica Dumont • July 30, 2020 -
Albertsons Q1 sales moderate after hot start
The grocer recorded same-store sales of 27% after earlier reporting a 34% rise during the first eight weeks of the quarter.
By Jeff Wells • July 27, 2020 -
Grocery demand forecaster Shelf Engine raises $12M
The artificial intelligence startup, which helps food retailers order products based on anticipated consumer demand, plans to use the money to beef up its engineering staff.
By Sam Silverstein • July 27, 2020 -
Major chains reset pension agreements with the UFCW
Kroger, Albertsons and Stop & Shop tentatively agreed to withdraw from the union's main pension fund and establish variable annuity pension plans in its place.
By Jeff Wells • July 22, 2020 -
Misfits Market plans to double its e-commerce capacity
The company is using $85 million in new funding to staff up and open a new warehouse as COVID-19 drives demand.
By Jessica Dumont • July 22, 2020 -
Grocery sales decline in June as retail and restaurant options expand
The industry still posted a year-over-year sales gain of 11.7% as consumers remained heavily reliant on supermarkets amid the pandemic.
By Sam Silverstein • July 17, 2020 -
Kroger halts distributing coin change
The retailer has come up with alternatives for customers who pay with cash, including rounding up their purchase to support its Zero Hunger, Zero Waste initiative or loading the balance onto their loyalty cards.
By Jessica Dumont • July 14, 2020 -
Uber buys Postmates in $2.65B deal
Uber Eats gains the fourth-largest food delivery company in the U.S. just weeks after its failed merger with Grubhub.
By Julie Littman , Emma Liem Beckett • July 6, 2020 -
Grocers pull social media ads as pressure on Facebook mounts
Grocers including Albertsons, Southeastern Grocers and Target have joined a growing list of advertisers pressing social media platforms to combat hate speech.
By Sam Silverstein • July 1, 2020 -
Retrieved from Lyft on May 14, 2019
USDA predicts grocery prices will see their largest annual increase since 2011
The average increase of 3% is due in part to the surge in demand for meat, poultry and fish caused by the pandemic.
By Krishna Thakker • June 29, 2020 -
U.S. coin shortage hits grocers hard
The National Grocers Association along with several other industry groups have called on the federal government to quickly address the issue.
By Jessica Dumont • June 25, 2020 -
Online grocery startup Dumpling raises $6.5M
The Instacart competitor plans to invest the money in technology enhancements and tools that help gig workers start their own delivery services.
By Jessica Dumont • June 18, 2020 -
Kroger's omnichannel investments pay off big in Q1
Store comps grew 19% and digital sales rose 92% as the grocer capitalized, both in stores and online, on the boom in at-home eating.
By Jeff Wells • June 18, 2020 -
Albertsons prices IPO below expected range
The grocery chain is going public at a price of $16 per share, lower than the $18-to-$20 level it had expected.
By Sam Silverstein • Updated June 26, 2020 -
Target sets $15 hourly starting wage
The retailer is meeting a goal it set three years ago to boost pay, and is adding temporary benefits during the pandemic like a bonus and paid leave.
By Daphne Howland • June 17, 2020