Finances and Deals: Page 3


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    Permission granted by Weee

    E-grocer Weee expands restaurant delivery with acquisition

    The company's pickup of food delivery company Ricepo helps deepen its presence in restaurant delivery and respond to customer demands, according to the Thursday announcement.

    By Oct. 21, 2021
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    Retrieved from Google Maps on October 19, 2021

    Coborn's to enter Michigan with 6-store acquisition

    The purchase of Tadych's Econofoods will boost Coborn's store count by roughly 10% and add approximately 800 employees to its workforce.

    By Oct. 20, 2021
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    Courtesy of Gorillas

    Gorillas nabs nearly $1B in Series C funding led by Delivery Hero

    The funding puts the ultrafast delivery startup at a pre-money valuation of $2.1 billion and gives Delivery Hero a roughly 8% stake in the company.

    By Oct. 19, 2021
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    Courtesy of Instacart

    Instacart buys smart cart maker Caper AI for $350M

    The e-commerce company said its acquisition will help bridge in-store and online shopping for consumers while making it easier for its workers to fulfill orders.

    By Oct. 19, 2021
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    Retrieved from Instacart on March 02, 2021

    Instacart acquires catering software firm FoodStorm

    The acquisition will provide Instacart with an order management system for end-to-end order-ahead and catering services that it will integrate into its enterprise grocery e-commerce solutions. 

    By Oct. 7, 2021
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    Courtesy of Bashas'

    Raley's completes Bashas' acquisition, forms new business enterprise

    The combined companies will have two operating divisions as well as a shared leadership group known as The Raley's Companies.

    By Updated Dec. 16, 2021
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    Courtesy of Avo

    How one delivery startup is focusing on landlords to grow its business

    Avo, which offers same-day grocery delivery without a fee to occupants of office and residential buildings in New York, New Jersey, Chicago and Houston, just announced $45 million in new funding.

    By Sept. 30, 2021
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    Courtesy of United Natural Foods, Inc.

    UNFI turns supply chain woes into higher sales

    “It’s been a roller-coaster ride” keeping retailers stocked, but the company is benefiting from supply chain disruption, the supplier’s president told investors on Tuesday. 

    By Sept. 28, 2021
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    Courtesy of Bashas'

    FMI: 80% of food retailers say hiring issues are hurting business

    Despite boosting worker incentives, food retailers saw an overall turnover rate of 58% last year, up from 40% in 2019, the trade group found.

    By Sept. 16, 2021
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    GrubMarket

    GrubMarket brings in $120M in Series E funding

    The produce distributor and technology company is exploring the development of automated picking systems and planning to expand into new service areas.

    By Sept. 15, 2021
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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 Sept. 8, 2021
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    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 , Sept. 7, 2021
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    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
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    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
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    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 Aug. 26, 2021
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    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 Aug. 18, 2021
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    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 , Aug. 17, 2021
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    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 Aug. 6, 2021
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    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 July 30, 2021
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    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 July 29, 2021
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    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 July 15, 2021
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    Joe Raedle via Getty Images
    Deep Dive

    Labor 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 , , July 14, 2021
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    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 , June 17, 2021
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    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 June 17, 2021
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    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 Updated Dec. 10, 2021