Financial news: Page 2

Shoppers want to use mobile payment in stores

According to a survey by Blackhawk Network, more U.S. smartphone users want to pay for items in-store using their smartphone and loyalty points.

By Krishna Thakker • Jan. 15, 2020

WSJ: Albertsons plans to file for another IPO

The grocer and its private equity backer, Cerberus Capital Management, will decide within ‘weeks’ whether to make another public push, sources told the newspaper.

By Jeff Wells • Jan. 13, 2020

Giant Food Stores to build 2nd e-commerce hub

The company will also construct two new stores and remodel 35 as part of a $114 million investment in its Pennsylvania operations.

By Jessica Dumont • Jan. 09, 2020

Albertsons' ID sales see boost from e-commerce, private brands

CEO Vivek Sankaran said the company also reduced debt to the point where it’s in the "right zone" for an eventual public offering.

By Jeff Wells • Jan. 08, 2020

Save-A-Lot secures $138M to support transformation

The infusion of capital will reduce the discounter's debt by $400 million and strengthen operations.

By Krishna Thakker • Jan. 06, 2020

Shoppers Value parent company files for bankruptcy

The purchase and rebranding of six Winn-Dixie locations in 2018 created financial strain for JHJ Inc, which operates 12 grocery stores in Louisiana.

By Lauren Stine • Jan. 03, 2020

Groceryshop and Shoptalk acquired for $145 million

Hyve Group, a global trade show and conferences company, will now own the events and their founders will become majority shareholders.  

By Krishna Thakker • Dec. 20, 2019

UNFI looks to West Coast for sales boost

The company missed profit estimates for Q1 but says it expects streamlined distribution in Washington and California to improve results.

By Jeff Wells • Dec. 11, 2019

Kroger, Walgreens form group purchasing organization

The two retailers have deepened their partnership in order to reduce costs and boost efficiency. 

By Krishna Thakker • Dec. 11, 2019

New Seasons Market acquired by Good Food Holdings

The neighborhood grocer and its subsidiary, New Leaf Community Markets, will join a retail stable that includes Bristol Farms, Lazy Acres and Metropolitan Market. 

By Jessica Dumont • Dec. 10, 2019

Dollar General continues to build out 'fresh'

The retailer said its DG Fresh strategy and efforts to add produce in stores are paying off, and will continue to expand next year.

By Jessica Dumont • Dec. 06, 2019

Kroger exits Lucky's Market investment

The grocer says it no longer sees a pathway to “meaningful” growth through the tie-up, which kicked off three years ago.

By Jeff Wells • Dec. 05, 2019

Checkout-free startup secures $30M in funding

Accel Robotics joins a growing number of companies touting technology that can deliver frictionless shopping experiences. 

By Jessica Dumont • Dec. 04, 2019

Walmart: 'Our strength is being driven by food'

The retail giant posted a 41% increase in e-commerce sales for the third quarter and noted momentum in its snacks, beverages and fresh food categories.

By Ben Unglesbee , Jeff Wells • Nov. 14, 2019

Kroger doubles down on Restock

Executives say the wide-ranging strategy is starting to pay off and admitted it initially "asked stores to do too much" — but not everyone is sold on the strategy.

By Jeff Wells • Nov. 06, 2019

Ahold Delhaize sees boost from online sales

The retailer has been making significant changes to its e-commerce businesses, while Stop & Shop remains challenged. 

By Krishna Thakker • Nov. 06, 2019

Sprouts to slow growth in 2020, build smaller stores

CEO Jack Sinclair said the chain will open 20 stores next year as it eyes a path to building scaled-down, more productive locations.

By Jeff Wells • Oct. 31, 2019

Fabric raises $110M to fuel micro-fulfillment

The newly rebranded firm plans to accelerate its U.S. growth and announce up to four grocery chain partners next year.

By Jeff Wells • Oct. 23, 2019

Albertsons CEO outlines keys to growth

On the heels of a positive second quarter, Vivek Sankaran highlighted developments in online sales, customer loyalty, in-store technology and private label.

By Jessica Dumont • Oct. 16, 2019

New Seasons Market creates microloan program

The grocer has introduced a fund for underrepresented business owners with plans to give loans between $5,000 and $25,000.

By Jessica Dumont • Oct. 14, 2019

Kroger laying off hundreds of managers nationwide

The news comes as the retailer focuses on alternative revenue and cutting $1 billion in annual expenses.

By Jeff Wells • Oct. 03, 2019

UNFI tempers long-term outlook as it closes 'complicated' fiscal year

The distributor said it won’t be able to hit its goal of around $28 billion in annual net sales and $900 million in adjusted EBITDA by 2022.

By Jeff Wells • Oct. 02, 2019

Report: Fairway Market is up for sale again

The iconic New York City-based grocer, which operates 15 supermarkets and four wine stores, has interest from potential buyers, Bloomberg reported.

By Krishna Thakker • Sept. 23, 2019

Smart cart startup Caper raises $10M

The startup, which says its AI-equipped shopping carts are a cheaper alternative to cashierless stores, will use the funding to build its team and fulfill its pipeline. 

By Jessica Dumont • Sept. 12, 2019

Amazon acquires stake in Indian grocer

The deal gives the company a 3.58% stake in India's Future Retail, the country's second largest retail chain with more than 1,500 stores. 

By Jessica Dumont • Aug. 23, 2019