Financial news: Page 2

Target's $15B sales growth in 2020 outpaces past 11 years

The mass merchant's digital sales during the year ballooned by nearly $10 billion, while its same-day services increased by 235%.

By Maria Monteros • March 02, 2021

Sprouts sees digital sales soar almost 300% in Q4 as it drives traffic in-house

The natural foods chain saw 15% of its online traffic come through its new in-house platform.

By Sam Silverstein • Feb. 26, 2021

Gelson's to be acquired by Don Quijote owner PPIH

The Japanese retailer plans to expand the upscale Southern California supermarket chain, which recorded $872 million in net sales last year.

By Jeff Wells • Feb. 24, 2021

Blue Apron sees sales rise 22% in Q4, but still posts a loss

The meal kit company is looking to a slew of new product launches this year to generate growth.

By Sam Silverstein • Feb. 19, 2021

Walmart posts 'record' Q4 thanks to online and holiday demand

The retailer's grocery category reflected broad-based strength, with store pickup and delivery seeing a new high in sales volume growth.

By Maria Monteros • Feb. 18, 2021

Price Chopper and Tops announce merger

The tie-up brings greater economies of scale to two Northeast grocers that have struggled in recent years with heightened industry competition.

By Jeff Wells , Sam Silverstein • Feb. 08, 2021

Wakefern to close 62 ShopRite pharmacies amid stifling competition

The cooperative plans to transfer prescription files at the affected stores to nearby CVS locations.

By Sam Silverstein • Jan. 26, 2021

Southeastern Grocers postpones IPO

The grocer did not give a reason for pulling its offering on Thursday but said it will continue to monitor market conditions.

By Jeff Wells , Sam Silverstein • UPDATED: Jan. 29, 2021 at 8:42 a.m.

Albertsons reports strong Q3 sales as digital results power ahead

The grocer plans to start looking back two years when measuring its financial performance as the pandemic nears its first anniversary.

By Sam Silverstein • Jan. 12, 2021

Los Angeles County considering 'hero pay' bonus for grocery workers

The county's Board of Supervisors will vote later this month on an ordinance mandating a $5 temporary pay bump to grocery and retail drugstore workers.

By Rosie Bradbury • Jan. 07, 2021

Deep Dive

8 trends that will shape the grocery industry in 2021

After one of the most tumultuous years in recent memories, experts say 2021 will be the year grocers move from reacting to strategically managing for long-term growth.

By Jeff Wells , Sam Silverstein , Catherine Douglas Moran • Jan. 04, 2021

Smart checkout firm Trigo secures $60M in new funding

British supermarket chain Tesco, which is piloting the technology at one of its stores, continued as an investor in the Israeli startup.

By Jeff Wells • Dec. 21, 2020

Grocery sales pick up steam in November

The food-retailing sector moved ahead by nearly 2% during the month even as overall retail sales dipped, according to the Census Bureau.

By Sam Silverstein • Dec. 16, 2020

Farmstead will expand to 14 more markets in 2021

The online startup said it has also achieved profitability on a per-order basis in its home market of San Francisco.

By Jeff Wells , Rosie Bradbury • Dec. 15, 2020

Ahold Delhaize links latest line of credit to sustainability goals

The Netherlands-based grocery retailer has closed a new revolving credit facility tied to its health and environmental ambitions. 

By Rosie Bradbury • Dec. 14, 2020

Costco reports strong comps, net sales and earnings in Q1 as foot traffic recovers

The retailer saw online grocery sales surge by almost 300% during the 12 weeks that ended Nov. 22.

By Sam Silverstein • Dec. 11, 2020

UNFI expects to renew Whole Foods contract, name new CEO early next year

The distribution company's sales moderated as it missed Wall Street estimates for revenue and earnings per share.

By Jeff Wells • Dec. 10, 2020

Dollar General reports strong Q3 results as it continues self-distribution push

The discount chain offers produce at more than 1,000 stores and expects to roll it out to 600 additional locations next year. 

By Sam Silverstein • Dec. 04, 2020

Kroger's overall sales growth slows as digital remains hot

Online sales contributed to nearly half of the grocer's 10.9% comparable sales gain in Q3, with channel demand "three years or so" ahead of schedule, Chairman and CEO Rodney McMullen said.

By Sam Silverstein • Dec. 03, 2020

BJ's grocery sales remain robust amid one-stop shopping

The warehouse club is focusing its assortment on healthier offerings as it looks to attract families with teens.

By Sam Silverstein • Nov. 23, 2020

Target steals more market share as same-day channels grow 217% in Q3

The retailer posted banner numbers across the board as consumers leaned on its digital-first services and flocked to its stores.

By Ben Unglesbee • Nov. 18, 2020

Dollar General increases investment in frontline bonuses by 40%

The discount retailer will award an additional $50 million in bonuses in the fourth quarter, bringing its total-year payout to $173 million.

By Jeff Wells • Nov. 18, 2020

Grocery sales fall slightly in October but stay well above 2019 cadence

Consumer spending on groceries continues at the calmer month-to-month pace that began in May, the Census Bureau reported.

By Sam Silverstein • Nov. 17, 2020

Walmart sales gains slow in Q3 as visits drop and basket sizes rise

The number of transactions at the retailer declined 14.2% during the quarter while average ticket size rose 24%.

By Ben Unglesbee • Nov. 17, 2020

DoorDash launches IPO

The food delivery company's initial public offering stock price is expected to range between $75 and $85 per share. 

By Julie Littman • UPDATED: Nov. 30, 2020 at 9:04 a.m.