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 Catherine Douglas Moran • Sept. 8, 2021 -
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 , Catherine Douglas Moran • Sept. 7, 2021 -
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 -
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 -
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 Catherine Douglas Moran • Aug. 26, 2021 -
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 Catherine Douglas Moran • Aug. 18, 2021 -
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 , Catherine Douglas Moran • Aug. 17, 2021 -
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 Sam Silverstein • Aug. 6, 2021 -
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 Jeff Wells • July 30, 2021 -
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 Sam Silverstein • July 29, 2021 -
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 Catherine Douglas Moran • July 15, 2021 -
Joe Raedle via Getty Images
Deep DiveLabor 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 Jeff Wells , Catherine Douglas Moran , Sam Silverstein • July 14, 2021 -
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 Sam Silverstein , Catherine Douglas Moran • June 17, 2021 -
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 Catherine Douglas Moran • June 17, 2021 -
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 Catherine Douglas Moran • Updated Dec. 10, 2021 -
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 Sam Silverstein • June 8, 2021 -
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 Sam Silverstein • May 28, 2021 -
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 Sam Silverstein • May 21, 2021 -
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 Sam Silverstein • May 19, 2021 -
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 -
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 -
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 Jeff Wells • May 17, 2021 -
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 Jeff Wells • May 10, 2021 -
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 Catherine Douglas Moran • May 7, 2021 -
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 Sam Silverstein • May 5, 2021
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