Financial news: Page 2
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Target CEO: New grocery structure brings 'significant benefits'
The retailer saw its sixth straight quarter of comps growth in food and beverage, while traffic and overall sales were the best in more than a decade.
By Corinne Ruff , Jeff Wells • March 06, 2019 -
UNFI's integration challenges deepen
Top-line sales beat analysts' estimates but the distributor cut its earnings forecast, citing higher-than-expected integration costs for Supervalu facilities.
By Jeff Wells • March 06, 2019 -
Publix sales surge 3.8% in Q4 despite rising competition
Separately, the Florida-based grocer announced a partnership with Flagler Health+ to establish three telehealth sites at locations in Florida.
By Krishna Thakker • March 04, 2019 -
Kroger's Smith's to stop accepting Visa credit cards
This is the grocer's second banner store that will no longer take the card due to high merchant fees.
By Krishna Thakker • March 01, 2019 -
Sprouts executives pleased with growth in e-commerce and store brands
The natural grocer attributed positive Q4 results to same-store sales and new store performance, but 2019 guidance missed investors' expectations.
By Jessica Dumont • Feb. 22, 2019 -
SpartanNash misses Q4 expectations
A previously disclosed non-cash charge, higher transportation and warehousing costs along with the recent romaine lettuce recall negatively impacted results, the company said.
By Krishna Thakker • Feb. 21, 2019 -
Walmart e-commerce sales grow 43%
The big-box retailer is seeing more customers using its online grocery services and larger basket sizes.
By Corinne Ruff • Feb. 19, 2019 -
Whole Foods has raised prices, but it's not the only one
The retailer's lower-price positioning took a hit as it faces rising manufacturer costs and expiring promotional contracts.
By Lauren Manning • Feb. 13, 2019 -
Smart & Final reportedly exploring sale
The warehouse retailer has reached out to potential private equity buyers, though a deal is not assured, Reuters reported.
By Jeff Wells • Feb. 05, 2019 -
Whole Foods sees uptick in Q4 sales
Amazon reported its physical store sales dropped 3% during the quarter, but gained 6% when factoring in a calendar shift and online shopping at the grocer.
By Daphne Howland , Jeff Wells • Feb. 01, 2019 -
Ahold Delhaize sales jump 2.6% in US as online growth accelerates in Q4
The Dutch-Belgian grocer posted 2018 sales in America of $42.6 billion, a 2.5% drop from a year earlier, but a 1.9% gain when adjusted to constant exchange rates.
By Jeff Wells • Jan. 23, 2019 -
Weis Markets rolls out aggressive price cuts
The Pennsylvania-based grocer has lowered prices on more than 7,000 items as both value chains and high-end competitors threaten its business.
By Jennifer Sweeney • Jan. 22, 2019 -
Retailers brace for busy weekend as February SNAP benefits come early
Despite the federal shutdown, states can disperse next month's $4.8 billion worth of SNAP benefits until Jan. 20, leaving many grocers stocking up in preparation for the rush.
By Kristine Sherred • Jan. 15, 2019 -
Albertsons reports strongest ID sales growth in more than 2 years
Same-store sales for the retailer grew 1.9% for the quarter ended Dec. 1 while its e-commerce business grew 73%.
By Jessica Dumont • Jan. 15, 2019 -
Supreme Court to consider if SNAP sales data should be public
The appeal by the Food Marketing Institute follows a circuit court ruling last year that the data should be made available under the Freedom of Information Act.
By Jeff Wells • Jan. 14, 2019 -
Micro-markets inside health centers could be just what the doctor ordered
A hospital in Kalamazoo, Michigan this week became the latest health care facility to open a full-service grocery store on its campus.
By Jennifer Sweeney • Jan. 10, 2019 -
Stop & Shop to acquire Long Island's King Kullen chain
The 37-store acquisition will beef up the Ahold Delhaize banner's presence on Long Island, and follows close behind Lidl's pickup of Best Market stores in the hotly contested region.
By Jeff Wells • Jan. 04, 2019 -
The new year brings a wave of minimum wage increases
Nineteen states and 21 cities have raised base pay for workers, with some jurisdictions meeting or exceeding $15 an hour.
By Jennifer Sweeney • Jan. 03, 2019 -
How food companies are getting consumers to pay more
Some major CPG companies are increasing prices by rolling out new sizes and varieties of old favorites.
By Cathy Siegner • Jan. 02, 2019 -
Our 10 best stories of 2018
Take a look back at a collection of some of Grocery Dive's most-read stories, which together paint a picture of a year defined by change.
By Grocery Dive staff • Dec. 21, 2018 -
Blue Apron stock drops below $1. Could an acquisition be next?
Amid mounting losses and an exodus of subscribers, the meal kit pioneer is in danger of being de-listed and has lost more than 90% of its value since going public last year.
By Jessica Dumont • Dec. 19, 2018 -
Kroger sells its digital coupon platform to Inmar
The move is part of an updated strategic partnership that will let the company continue delivering its coupon management services to the grocer.
By Krishna Thakker • Dec. 19, 2018 -
Competition in grocery pressures Costco's margins
The wholesaler said there is growing pressure in fresh foods from traditional supermarkets and Walmart's Sam's Club division.
By Daphne Howland • Dec. 14, 2018 -
C&S Wholesale to acquire Olean Wholesale for undisclosed sum
The merger is the latest deal in the space as distributors look to gain scale and as supermarkets do the same amid growing pressure from Aldi, Lidl and Amazon.
By Krishna Thakker • Dec. 07, 2018 -
UNFI surprises with big earnings miss
The wholesaler struggled against industry headwinds such as supplier out-of-stocks and high labor costs. It also lowered guidance, suggesting a tough integration ahead with Supervalu.
By Jeff Wells • Dec. 07, 2018
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