Finances & Deals: Page 22


  • Fairway Market sells two N.J. leases to Amazon as it wraps up bankruptcy auction

    The New York chain also sold its five marquee New York City locations along with a distribution facility to Village Super Market for $76 million. 

    By March 26, 2020
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    Jessica Dumont
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    Grocery Outlet seeing 'mid teens' comps so far in Q1

    The discounter believes its flexible business model is well suited to the current environment, but withheld guidance due to unpredictability surrounding the coronavirus pandemic.

    By March 25, 2020
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    Jeff Wells
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    Target pivots from planned investments to deal with 'unprecedented' sales surge

    Consumers stocking up amid the COVID-19 pandemic have pushed comparable sales for food and essentials up 50% at the retailer. 

    By Ben Unglesbee • March 25, 2020
  • Dollar General to accelerate grocery initiatives

    The dollar retailer plans to double the scale of its DG Fresh self-distribution program and roll out produce to more stores than it previously forecast.

    By March 13, 2020
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    Flickr
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    Bogopa Enterprises bids $75M for Fairway Market's assets

    The owner of the New York-based Food Bazaar chain topped Village Super Markets' offer just days ahead of a bankruptcy auction on March 16. 

    By March 13, 2020
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    Whole Foods
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    UNFI says business is up by double digits amid coronavirus shopping surge

    CEO Steve Spinner said demand has been higher than expected over the past two weeks and is coming in categories throughout the store.

    By March 11, 2020
  • Harps to acquire 20 Town and Country stores

    The deal would allow Harps to expand its footprint in Arkansas and Missouri. 

    By Jessica Dumont • March 11, 2020
  • CVS to acquire Schnucks' pharmacy business

    The drug store giant will acquire and rebrand 99 Schnucks pharmacies and buy patient records from another 11 locations.

    By March 10, 2020
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    Albertsons Company
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    Albertsons files for public offering

    The grocer has mounted its latest push for an IPO, registering an S-1 form with the Securities and Exchange Commission on Friday.

    By March 9, 2020
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    Megan Poinski
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    Kroger reports strong Q4, maintains guidance amid coronavirus impact

    Chief executive Rodney McMullen acknowledged higher sales in certain categories and limited supply chain exposure in China, but said it’s still too early to tell the extent of the virus’s effect on its business.

    By March 5, 2020
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    Christopher Doering
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    Publix bumps up spending as Q4 sales sizzle

    The grocer plans capital expenditures of $1.6 billion in 2020, a 40% increase over last year, to be spent on new supermarkets, remodels and tech upgrades. 

    By March 3, 2020
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    Sprouts Farmers Market
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    Sprouts margins stabilize, traffic remains low

    The retailer expects to see further progress as it improves its supply chain, expands its digital strategies and shifts marketing dollars.

    By Krishna Thakker • Feb. 21, 2020
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    Christopher Doering
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    Hy-Vee's restructuring plan zeroes in on management level

    The plan is similar to competitors Kroger and Walmart as the Iowa-based grocer shifts the roles of some of its store leaders, potentially leading to layoffs. 

    By Thai Phi Le • Feb. 20, 2020
  • Blue Apron considers sale as it posts more losses

    The meal kit company, which continued to lose customers and revenue in Q4, is exploring options that include looking for a buyer, a merger or raising capital. 

    By Jessica Dumont • Feb. 20, 2020
  • Price Chopper invests $54M for Kansas City-area growth

    The Kansas-based grocer will open new stores, remodel existing ones and expand fresh departments, including bakery, deli and meat. 

    By Jessica Dumont • Feb. 19, 2020
  • Berkshire Hathaway takes more than $500M stake in Kroger

    The firm run by Warren Buffet revealed a pickup of 18.9 million shares in the grocer.

    By Feb. 14, 2020
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    Giant Food
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    Ahold Delhaize beats earnings estimates as omnichannel momentum grows

    Comparable sales for the company's U.S. business grew 2.3%, driven by online sales growth and continued strong performance from Food Lion and Hannaford.

    By Feb. 12, 2020
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    Elizabeth Regan/Grocery Dive
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    Column

    Pardon the Disruption: 5 takeaways from 2020's bankruptcy bonanza

    Although they collectively ran less than 100 stores, Fairway Market, Lucky's and Earth Fare were significant companies that were supposed to be at the cutting-edge of consumer demand.

    By Feb. 7, 2020
  • Earth Fare files for Chapter 11 following failed negotiations to sell majority of stores

    The company was in advanced talks to sell 33 stores and its headquarters to an unidentified party, but the deal fell through last week.

    By Feb. 5, 2020
  • Earth Fare to shutter all stores

    The company expanded rapidly under private equity ownership but struggled to compete with conventional chains and the rising crop of specialty grocers.

    By Feb. 3, 2020
  • Amazon's grocery delivery business surged in Q4

    Home delivery orders through its Fresh service and Whole Foods Market stores more than doubled in the quarter.

    By Jan. 31, 2020
  • Lucky's Market founders to buy remaining 7 stores

    A group led by Bo and Trish Sharon, who started the company in 2003, have agreed to acquire the locations.

    By Jan. 29, 2020
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    Creative Commons
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    Lucky's Market files for bankruptcy

    The company plans to close 32 locations in the coming weeks, and said Aldi and Publix have agreed to buy 11 stores.

    By Jan. 27, 2020
  • Fairway Market will file for Chapter 11 bankruptcy

    The retailer has agreed to an initial bid from Village Super Markets for up to five New York locations and a distribution center, and will sell off other locations in a court-supervised auction.

    By Krishna Thakker • Updated Jan. 23, 2020
  • Lucky's Market to shutter most of its stores, reports say

    The chain will close 32 of its 39 locations less than two months after Kroger ended its investment in the specialty grocer.

    By Jan. 21, 2020