Financial news: Page 2
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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UNFI completes transformative $2.9B Supervalu acquisition
The new company will keep two key executives from the Minneapolis-based retailer/wholesaler, while United Natural Foods' CEO Steve Spinner will remain in the top post.
By Jeff Wells • Oct. 23, 2018
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Doug McMillon: 'I want to challenge your thinking of Walmart'
During an investor meeting Tuesday, executives talked up competitive acquisitions, innovation and investments to "empower" store associates.
By Corinne Ruff • Oct. 17, 2018
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Instacart's valuation surges with $600M in new funding
After the latest investment round led by D1 Capital Partners, the e-grocery company is valued at $7.6 billion.
By Jessica Dumont • Oct. 16, 2018
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Albertsons earnings improve in Q2, but long-term growth looks murky
The retailer posted a 1.4% increase in net sales and a 1% comps increase in its first earnings report following its failed merger with Rite Aid.
By Jeff Wells • Oct. 15, 2018
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Omnichannel grocery sales surpass $1T
A report from Nielsen and Rakuten Intelligence shows sales growth in fast-moving consumer goods across all channels, including e-commerce, in-store and click-and-collect.
By Jessica Dumont • Oct. 09, 2018
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Deep DiveM&A helps food and grocery companies do everything better
Adding trendy products? Reacting quickly to consumer feedback? Delivering groceries and ready-made meals to consumers' doors? Through acquisitions, some of the biggest industry players have added these capabilities.
By Jessi Devenyns • Oct. 04, 2018
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Giant Eagle to acquire Ricker's c-store chain
The deal will expand the grocer's fuel station footprint, giving it 57 additional locations in Indiana.
By Krishna Thakker • Oct. 01, 2018
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Chicago stalwart Treasure Island Foods is closing
The family-owned specialty grocer, which Julia Child once called "America's most European supermarket," will shutter its six remaining stores Oct. 12.
By Jeff Wells • Oct. 01, 2018
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Seasons Kosher Supermarket files for bankruptcy
The Flushing, New York-based grocer says it already has investors lined up as it reorganizes and pays off debt under Chapter 11 protection.
By Krishna Thakker • Sept. 25, 2018
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Home delivery competition intensifies as Postmates secures more funding
The $300 million round of funding is expected to help the company reach its goal of covering more than 70% of U.S. households by the end of this year.
By Alicia Kelso • Sept. 24, 2018
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UNFI's Q4 profits fall due to freight costs, customer mix
The wholesaler's revenue for the quarter rose 10.7% to $2.59 billion, but earnings per share came in at 76 cents — below the 86 cents Wall Street projected.
By Jeff Wells • Sept. 21, 2018
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Online hyperlocal grocer Milk & Eggs raises $6M in seed funding
The service, which serves the Los Angeles area, works directly with farmers and artisans to provide dairy, eggs, meats, fish, baked goods and produce.
By Jessica Dumont • Sept. 21, 2018
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Kid-focused meal kit maker Yumble raises $7M
The funding, lead by Krave Jerky founder Jon Sebastiani and Danone Manifesto Ventures, will fuel the company's marketing efforts and a national expansion.
By Jacqueline Renfrow
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Grocery industry braces for impact of Chinese tariffs
Trade groups said while retailers will try to absorb the costs, the already slim profit margins do not allow for much flexibility — meaning the higher expenses could be passed to consumers.
By Jacqueline Renfrow