Finances & Deals: Page 26
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Seasons Kosher Supermarket files for bankruptcy
The Flushing, New York-based grocer says it already has investors lined up as it reorganizes and pays off debt under Chapter 11 protection.
By Krishna Thakker • Sept. 25, 2018 -
Home delivery competition intensifies as Postmates secures more funding
The $300 million round of funding is expected to help the company reach its goal of covering more than 70% of U.S. households by the end of this year.
By Alicia Kelso • Sept. 24, 2018 -
UNFI's Q4 profits fall due to freight costs, customer mix
The wholesaler's revenue for the quarter rose 10.7% to $2.59 billion, but earnings per share came in at 76 cents — below the 86 cents Wall Street projected.
By Jeff Wells • Sept. 21, 2018 -
Online hyperlocal grocer Milk & Eggs raises $6M in seed funding
The service, which serves the Los Angeles area, works directly with farmers and artisans to provide dairy, eggs, meats, fish, baked goods and produce.
By Jessica Dumont • Sept. 21, 2018 -
Kid-focused meal kit maker Yumble raises $7M
The funding, lead by Krave Jerky founder Jon Sebastiani and Danone Manifesto Ventures, will fuel the company's marketing efforts and a national expansion.
By Jacqueline Renfrow • Sept. 21, 2018 -
Grocery industry braces for impact of Chinese tariffs
Trade groups said while retailers will try to absorb the costs, the already slim profit margins do not allow for much flexibility — meaning the higher expenses could be passed to consumers.
By Jacqueline Renfrow • Sept. 19, 2018 -
Kroger consolidates Mariano's and Roundy's divisions
Several top executives who were closely tied to former Roundy's CEO Bob Mariano, including Mariano's president Don Rosanova, will depart.
By Jeff Wells • Sept. 17, 2018 -
Retrieved from Kroger on August 31, 2018
Kroger beats earnings estimates but misses on sales
The grocer's stock price fell 9% in premarket trading as revenue came in slightly lower than expected.
By Jeff Wells • Sept. 13, 2018 -
Tops Markets sees light at the end of the bankruptcy tunnel
The Northeastern chain said it received court approval on a union pension agreement and the closure of 10 underperforming stores.
By Jeff Wells • Sept. 4, 2018 -
Target store traffic smashes records — again
The mass merchant notched an unprecedented 6.4% growth in store traffic in the second quarter as the company accelerates plans to use its physical footprint to meet digital and delivery goals.
By Corinne Ruff • Aug. 22, 2018 -
Deep Dive
Feeding Fido: Food brands sniff out opportunities in the pet market
These investments have been CPGs' best friend. Just ask Smucker, whose entire profit in the last quarter came from the acquisition of a trendy brand.
By Pamela DeLoatch • Aug. 22, 2018 -
Energy savings are freeing up investment capital for grocers
More grocers are implementing LED lighting, thermal energy storage and other green technologies to reduce their carbon footprints and save money.
By Alicia Kelso • Aug. 20, 2018 -
SpartanNash ramps up online ordering to alleviate sliding retail business
Continued growth in the company's distribution unit helped offset impact from a recall of its Caito Foods' fresh-cut produce and lagging sales.
By Alicia Kelso • Aug. 17, 2018 -
In the battle for grocery dominance, Walmart takes the upper hand
The mega-retailer's recent earnings showed it captures a quarter of the entire food market. No other entity even comes close.
By Jessica Dumont • Aug. 17, 2018 -
Fresh foods and e-commerce boost Walmart's strong earnings
Riding an increase in consumer spending, the retail giant posted its strongest grocery comps in nine years, while online sales grew 40%.
By Corinne Ruff • Aug. 16, 2018 -
Full Harvest secures $8.5M to sell imperfect produce
The company, which helps farmers distribute flawed or excess fruits and vegetables, will use this latest funding round to expand its operations.
By Jessica Dumont • Aug. 16, 2018 -
Kroger chops prices in Wisconsin stores
The company lowered costs for thousands of items at Pick n' Save, Metro Market and Copps stores, attempting to hold onto its lead in the state.
By Krishna Thakker • Aug. 15, 2018 -
HelloFresh won't break even until 2019
The German meal-kit provider will instead use profits to expand its offerings and continue boosting its customer count.
By Krishna Thakker • Aug. 14, 2018 -
Ahold Delhaize will leverage Peapod to grow e-commerce
During the company’s most recent earnings report, U.S. online sales grew just 7.7%, versus the industry average of 25%.
By Alicia Kelso • Aug. 13, 2018 -
Albertsons and Rite Aid cancel merger amid shareholder opposition
The $24 billion deal was criticized by investors and advisory firms as undervaluing the drug store chain, with the owner of Safeway and its namesake grocery unwilling to raise its offer.
By Jeff Wells • Aug. 9, 2018 -
Ahold Delhaize hits earnings expectations, but US sales struggle
Competition has challenged banners such as Stop & Shop, but the Dutch company plans to fight back with digital innovation and store updates.
By Jeff Wells • Aug. 8, 2018 -
Kroger considers sale of Turkey Hill business
Offloading the popular ice cream brand could help the grocer pay off debt and free up funds to invest in becoming the next e-commerce giant.
By Jessica Dumont • Aug. 8, 2018 -
Good Catch Foods makes a splash with $8.7M investment
The company uses a six-bean blend to create faux seafood products like fish-free tuna and crab-free cakes.
By Patti Zarling • Aug. 8, 2018 -
Albertsons-Rite Aid merger faces headwinds ahead of Thursday vote
Two advisory firms have come out against the deal, and this week the drug store chain lowered its profitability guidance for the year — an "unusual" move, according to one analyst.
By Jeff Wells • Aug. 7, 2018 -
Albertsons joins forces with venture capital firm to invest in emerging technologies
The grocer has partnered with Greycroft to create a $50 million fund that will be used for the company's digital transformation.
By Jessica Dumont • Aug. 3, 2018