Financial news: Page 2
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C&S Wholesale to acquire Olean Wholesale for undisclosed sum
The merger is the latest deal in the space as distributors look to gain scale and as supermarkets do the same amid growing pressure from Aldi, Lidl and Amazon.
By Krishna Thakker • Dec. 07, 2018 -
UNFI surprises with big earnings miss
The wholesaler struggled against industry headwinds such as supplier out-of-stocks and high labor costs. It also lowered guidance, suggesting a tough integration ahead with Supervalu.
By Jeff Wells • Dec. 07, 2018 -
Kroger reports in-line sales as investment pressures continue
Digital sales grew 60%, but income declined as the grocer continues to fund store improvements and alternative growth streams.
By Jeff Wells • Dec. 06, 2018 -
Raley's to sell Aisle 1 fuel stations
Southern California c-store company Anabi Oil will operate the 13 locations and continue to offer fuel rewards through the grocer.
By Jeff Wells • Dec. 06, 2018 -
Freight costs weigh on Dollar General
The retailer is reiterating its plan to expand and upgrade stores despite rising transportation expenses and costs wrought by recent hurricanes.
By Daphne Howland • Dec. 04, 2018 -
Coborn's acquires Hornbacher's from UNFI
The eight-store deal is the latest sale for the wholesaler and its Supervalu subsidiary.
By Jeff Wells • Dec. 03, 2018 -
Family Dollar's rising costs and weakness ail Dollar Tree
Despite improvements to stores and changes to merchandise, Family Dollar continues to drag down its parent company.
By Daphne Howland • Nov. 29, 2018 -
4 benefits of food and grocery consolidation
The food and grocery industries have been active with mergers and acquisitions in the last several years. What are some of the benefits to these deals? Food Dive and Grocery Dive have taken a close look and determined four major benefits of industry consolidation.
By Food Dive and Grocery Dive staff • Nov. 28, 2018 -
Deep Dive'No second thoughts': Assessing the Ahold Delhaize merger two years later
The company says it has achieved significant cost savings and is ready to expand, but experts question whether it has done enough to differentiate itself from competitors.
By Christopher Doering • Nov. 27, 2018 -
Tops completes financial restructuring
The company says it's focused on rolling out new services, building upon existing ones and creating a better shopping experience.
By Krishna Thakker • Nov. 21, 2018 -
SpartanNash to buy Martin's Super Markets
The retailer/wholesaler will pick up 21 stores in the deal, bringing its grocery store footprint to 160 locations across nine states.
By Jeff Wells • Nov. 20, 2018 -
Global food prices face a 'melting pot of risks' in 2019: Rabobank
The Dutch banking and financial services company forecasts continued uncertainty due to ongoing trade wars, livestock diseases and extreme weather.
By Cathy Siegner • Nov. 19, 2018 -
Lidl's acquisition of Best Market could 'jump-start' the discounter's US push
The discount retailer's decision to add 27 stores in New York and New Jersey should improve results but also create new operational challenges, according to one industry expert interviewed by Grocery Dive.
By Christopher Doering , Krishna Thakker • Nov. 16, 2018 -
Walmart's e-commerce sales soar 43% helped by grocery demand
The retail giant has grown its market share in every major online category, with rising levels of satisfaction among younger shoppers, according to GlobalData Retail.
By Daphne Howland • Nov. 15, 2018 -
New study analyzes proposed Farm Bill changes to SNAP
The recommended changes would not only have major implications for families who receive benefits, but for food retailers like Dollar Tree and Dollar General as well, according to an analysis by Mathematica Policy Research.
By Jessica Dumont • Nov. 15, 2018 -
Blue Apron lays off 4% of workers as more users abandon service
The meal kit maker posted disappointing figures across all key metrics, including a decline in orders per customer and average revenue per customer.
By Christopher Doering • Nov. 14, 2018 -
Ahold Delhaize wants to double online sales by 2021
The goal is part of a growth strategy that also includes boosting capital expenditures to 3% of sales and repositioning its Stop & Shop banner.
By Jeff Wells • Nov. 13, 2018 -
Ahold Delhaize reports strong Q3 sales and profit
Better-than-expected earnings were due to the grocery giant's ongoing efficiency improvements, online sales and tech advancements.
By Krishna Thakker • Nov. 07, 2018 -
Publix overcomes hurricane headwinds to grow Q3 sales
The grocer credits the tax act for some of the boost, while Hurricanes Florence and Michael may have prevented stronger growth in sales.
By Jessica Dumont • Nov. 02, 2018 -
New stores drive Sprouts sales as produce deflation weighs on comps
The fast-growing specialty chain reported net sales of $1.3 billion, a 10% increase over the same period last year.
By Jeff Wells • Nov. 01, 2018 -
On-demand delivery startup Deliv secures $40M in funding
The new round raised the company's valuation to several hundred million dollars and offers further evidence of the growing interest by investors in the food delivery scene.
By Jessica Dumont • Oct. 31, 2018 -
Wakefern sees sales jump to $16.5B this year
Executives for the country’s biggest retailer cooperative told shareholders the largest growth areas include private label innovation and e-commerce.
By Jeff Wells • Oct. 29, 2018 -
Amazon earnings reveal a slow-to-grow Whole Foods
Physical stores, of which the grocer makes up the vast majority, saw their lowest sales total of the year during Q3 for the e-commerce giant.
By Jeff Wells • Oct. 26, 2018 -
Will consumers ever love ugly produce?
While Imperfect, a leading brand, just announced its East Coast expansion, competing supplier Misfits Produce was recently discontinued by Price Chopper and Hannaford.
By Jessica Dumont • Oct. 26, 2018 -
Big M&A deals dominate in 'otherwise underwhelming quarter,' report says
The new report from PricewaterhouseCoopers shows food and beverage accounted for nearly half of the largest U.S. transactions in the last three months — the most active sector in Q3.
By Lillianna Byington • Oct. 25, 2018
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