Finances and Deals: Page 2


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    Courtesy of Save A Lot

    Save A Lot sells 32 stores, converting them to local ownership

    The stores located in the greater Cleveland, Chicago and Milwaukee areas are slated for remodeling next year to reflect the discount grocer's updated branding.

    By Sept. 8, 2021
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    Joe Raedle via Getty Images

    USDA unveils $700M relief fund with $20M for grocery workers

    Secretary Tom Vilsack said while the pandemic placed frontline employees at a physical risk, the virus' impact on their finances shouldn't be ignored.

    By Christopher Doering , Sept. 7, 2021
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    Zippin

    Cashierless tech startup Zippin raises $30M

    Armed with the new funding, the company aims to scale its checkout-free technology to "tens of thousands of stores" by 2025.

    By Tatiana Walk-Morris • Sept. 7, 2021
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    Courtesy of Kraft Heinz

    CPG manufacturers face 'labor crisis' amid supply chain pressures, report says

    The Consumer Brands Association noted that only 12,000 jobs were added in the second quarter despite higher wages, while demand and manufacturing costs continued to rise.

    By Jessi Devenyns • Aug. 31, 2021
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    Courtesy of Consort Partners

    Point Pickup buys e-commerce firm GrocerKey

    The purchase allows Point Pickup to offer an end-to-end solution and is the latest in a string of acquisitions of grocery e-commerce companies this year. 

    By Aug. 26, 2021
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    Courtesy of Apeel

    Apeel hits $2B valuation with $250M investment

    The company plans to use the funding to increase the availability of produce with its invisible, edible "skin," create new supply networks, ramp up retailer partnerships and boost its data capabilities. 

    By Aug. 18, 2021
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    Courtesy of Walmart

    Walmart points to grocery for added growth and market share

    Company executives underscored fresh as an important part of the category's strong performance for Walmart and Sam's Club during an earnings call Tuesday morning.  

    By Ben Unglesbee , Aug. 17, 2021
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    Permission granted by Sprouts Farmers Market

    Sprouts looks past the pandemic as comps disappoint

    The specialty retailer recorded lower-than-expected results in the second quarter but believes its efforts to connect with health-focused consumers will pay off down the line.

    By Aug. 6, 2021
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    Courtesy of Gopuff

    Gopuff raises another $1B to fuel rapid growth

    The delivery company, which is now valued at $15 billion, will use the funding to expand to new locations, hire talent and build out its technology.

    By July 30, 2021
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    Sam Silverstein/Grocery Dive

    Albertsons sees flat digital sales during Q1 as store traffic increases

    The grocer's identical sales were down 10% on a year-over-year basis but up 16.5% compared with the same period two years ago, prompting it to raise its full-year guidance.

    By July 29, 2021
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    Courtesy of Kroger

    Kroger banners in California, Georgia set new union contracts with pay increases

    The agreements with the United Food and Commercial Workers Union locals cover more than 29,000 workers across roughly 270 stores.

    By July 15, 2021
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    Joe Raedle via Getty Images
    Deep Dive

    Labor shortage pressures grocers to take a hard look at worker benefits

    Companies are offering hefty signing bonuses, but they also need to examine scheduling flexibility, advancement opportunities and other incentives, labor experts and retailers say.

    By , , July 14, 2021
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    Courtesy of Kroger

    Kroger sees strong private label, digital sales even as pandemic surge fades

    The grocer's alternative profit business also posted record growth, led by its retail media and personal finance units.

    By , June 17, 2021
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    Rohit Tandon via Unsplash

    Delivery and fulfillment platform Bringg hits unicorn status as it raises $100M

    The company also recently teamed up with grocery e-commerce firm Stor.ai to let retailers choose between using their own fleet or third parties for delivery. 

    By June 17, 2021
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    Courtesy of Boxed

    Boxed completes SPAC deal, goes public

    The online wholesaler made its debut on the New York Stock Exchange and, separately, announced a new partnership with Google Cloud on Thursday. 

    By Updated Dec. 10, 2021
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    Courtesy of Grabango

    Grabango rings up $39M in Series B funding

    The checkout-free technology company plans to use the funds to bolster its computer vision capabilities as it competes for business with rivals like Standard Cognition and Amazon.

    By June 8, 2021
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    Retrieved from Dollar General on October 08, 2020

    Dollar General's grocery distribution rollout is running ahead of schedule

    The discount retailer plans to self-distribute frozen and refrigerated products chainwide by the end of its second financial quarter — ahead of an earlier projection targeting the end of the fiscal year.

    By May 28, 2021
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    Courtesy of BJ's Wholesale Club

    BJ's looks ahead to growth after seeing comps decline in Q1

    The club retailer plans to add six locations, including three in new markets, before the end of 2021.

    By May 21, 2021
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    Sam Silverstein/Grocery Dive

    Rising food prices are prying shoppers from their favorite grocers, survey shows

    Two-thirds of shoppers in a recent poll by Inmar Intelligence said they have shifted spending away from the store they usually shop at because they sense that costs are increasing.

    By May 19, 2021
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    Courtesy of Target

    Target's comp sales up 23% as its private brands hit record growth

    The retailer's fulfillment services and portfolio of private labels across multiple categories have kept shoppers hooked post-2020.

    By Maria Monteros • May 19, 2021
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    Courtesy of Walmart

    Walmart maintains growth with online sales up 37%

    After a "strong" first quarter, CEO Doug McMillon said the retailer expects "continued pent-up demand" throughout the year.   

    By Maria Monteros • May 18, 2021
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    Courtesy of Smart & Final

    Bodega Latina acquires Smart & Final for $620M

    The deal, which will also include the assumption of debt, will more than triple the Hispanic company’s U.S. store footprint.

    By May 17, 2021
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    Courtesy of Natural Grocers

    Natural Grocers CEO: Small-basket shopping still absent

    Kemper Isely said consumers are still favoring large purchases and that impulse trips won't reappear until office workers return.

    By May 10, 2021
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    Courtesy of Anheuser-Busch

    Blue Apron's profitability struggles continue as it focuses on product innovation

    The meal kit company posted a $15.7 million net loss but posted a record high average order value in Q1.

    By May 7, 2021
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    HelloFresh

    HelloFresh adds 1M US customers in Q1

    The German meal kit company saw U.S. sales in the period reach $965 million, up 37% from the previous quarter. 

    By May 5, 2021