Financial news: Page 2

Ahold Delhaize commits $10M to relief efforts

The retailer joins a roster of other companies that have pledged to support medical research, food banks and more amid the pandemic.

By Jessica Dumont • April 01, 2020

Kroger awaits 'new normal' following March sales surge

The grocer saw identical sales increase 30% last month and has hired more than 32,000 employees over the past two weeks, but sales volatility looms.

By Jeff Wells • April 01, 2020

Fairway Market sells two N.J. leases to Amazon as it wraps up bankruptcy auction

The New York chain also sold its five marquee New York City locations along with a distribution facility to Village Super Market for $76 million. 

By Sam Silverstein • March 26, 2020

Grocery Outlet seeing 'mid teens' comps so far in Q1

The discounter believes its flexible business model is well suited to the current environment, but withheld guidance due to unpredictability surrounding the coronavirus pandemic.

By Jeff Wells • March 25, 2020

Target pivots from planned investments to deal with 'unprecedented' sales surge

Consumers stocking up amid the COVID-19 pandemic have pushed comparable sales for food and essentials up 50% at the retailer. 

By Ben Unglesbee • March 25, 2020

Dollar General to accelerate grocery initiatives

The dollar retailer plans to double the scale of its DG Fresh self-distribution program and roll out produce to more stores than it previously forecast.

By Jeff Wells • March 13, 2020

Bogopa Enterprises bids $75M for Fairway Market's assets

The owner of the New York-based Food Bazaar chain topped Village Super Markets' offer just days ahead of a bankruptcy auction on March 16. 

By Sam Silverstein • March 13, 2020

UNFI says business is up by double digits amid coronavirus shopping surge

CEO Steve Spinner said demand has been higher than expected over the past two weeks and is coming in categories throughout the store.

By Jeff Wells • March 11, 2020

Harps to acquire 20 Town and Country stores

The deal would allow Harps to expand its footprint in Arkansas and Missouri. 

By Jessica Dumont • March 11, 2020

CVS to acquire Schnucks' pharmacy business

The drug store giant will acquire and rebrand 99 Schnucks pharmacies and buy patient records from another 11 locations.

By Jeff Wells • March 10, 2020

Albertsons files for public offering

The grocer has mounted its latest push for an IPO, registering an S-1 form with the Securities and Exchange Commission on Friday.

By Jeff Wells • March 09, 2020

Kroger reports strong Q4, maintains guidance amid coronavirus impact

Chief executive Rodney McMullen acknowledged higher sales in certain categories and limited supply chain exposure in China, but said it’s still too early to tell the extent of the virus’s effect on its business.

By Jeff Wells • March 05, 2020

Publix bumps up spending as Q4 sales sizzle

The grocer plans capital expenditures of $1.6 billion in 2020, a 40% increase over last year, to be spent on new supermarkets, remodels and tech upgrades. 

By Jeff Wells • March 03, 2020

Sprouts margins stabilize, traffic remains low

The retailer expects to see further progress as it improves its supply chain, expands its digital strategies and shifts marketing dollars.

By Krishna Thakker • Feb. 21, 2020

Hy-Vee's restructuring plan zeroes in on management level

The plan is similar to competitors Kroger and Walmart as the Iowa-based grocer shifts the roles of some of its store leaders, potentially leading to layoffs. 

By Thai Phi Le • Feb. 20, 2020

Blue Apron considers sale as it posts more losses

The meal kit company, which continued to lose customers and revenue in Q4, is exploring options that include looking for a buyer, a merger or raising capital. 

By Jessica Dumont • Feb. 20, 2020

Price Chopper invests $54M for Kansas City-area growth

The Kansas-based grocer will open new stores, remodel existing ones and expand fresh departments, including bakery, deli and meat. 

By Jessica Dumont • Feb. 19, 2020

Berkshire Hathaway takes more than $500M stake in Kroger

The firm run by Warren Buffet revealed a pickup of 18.9 million shares in the grocer.

By Jeff Wells • Feb. 14, 2020

Ahold Delhaize beats earnings estimates as omnichannel momentum grows

Comparable sales for the company's U.S. business grew 2.3%, driven by online sales growth and continued strong performance from Food Lion and Hannaford.

By Jeff Wells • Feb. 12, 2020

Column

Pardon the Disruption: 5 takeaways from 2020's bankruptcy bonanza

Although they collectively ran less than 100 stores, Fairway Market, Lucky's and Earth Fare were significant companies that were supposed to be at the cutting-edge of consumer demand.

By Jeff Wells • Feb. 07, 2020

Earth Fare files for Chapter 11 following failed negotiations to sell majority of stores

The company was in advanced talks to sell 33 stores and its headquarters to an unidentified party, but the deal fell through last week.

By Jeff Wells • Feb. 05, 2020

Earth Fare to shutter all stores

The company expanded rapidly under private equity ownership but struggled to compete with conventional chains and the rising crop of specialty grocers.

By Jeff Wells • Feb. 03, 2020

Amazon's grocery delivery business surged in Q4

Home delivery orders through its Fresh service and Whole Foods Market stores more than doubled in the quarter.

By Jeff Wells • Jan. 31, 2020

Lucky's Market founders to buy remaining 7 stores

A group led by Bo and Trish Sharon, who started the company in 2003, have agreed to acquire the locations.

By Jeff Wells • Jan. 29, 2020

Lucky's Market files for bankruptcy

The company plans to close 32 locations in the coming weeks, and said Aldi and Publix have agreed to buy 11 stores.

By Jeff Wells • Jan. 27, 2020