Finances & Deals: Page 28
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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 -
Kroger buys real estate to get Lucky's in Florida
Rather than go head-to-head with Publix on its home turf, the grocer is helping bankroll a promising upstart that attracts consumers looking for natural, organic and private label groceries.
By Alicia Kelso • Aug. 2, 2018 -
Expansions, real estate deals boost Publix Q2 earnings
The Florida-based grocer capitalized on its renowned customer service while expanding, helping the company post a 24.5% jump in net earnings.
By Krishna Thakker • Aug. 2, 2018 -
Blue Apron posts loss as customer count falls 24%
The meal kit maker's CEO called 2018 "a year of transition" as the company grapples with higher marketing costs, fewer users of the platform and challenges reaching profitability.
By Krishna Thakker • Aug. 2, 2018 -
Three startups secure a total of $350M to challenge traditional players in food and beverage space
Brandless, Bulletproof and Apeel each announced new funding this week, which they will use to extend their footprints and technology.
By Alicia Kelso • Aug. 1, 2018 -
Retrieved from Walmart on July 30, 2018
Report: Online grocery reaches 5.5% of total sales
Regular shoppers have accounted for much of the recent growth, according to Brick Meets Click, which noted that supermarkets are well-positioned to capture future e-commerce sales.
By Jessica Dumont • Aug. 1, 2018
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