Finances & Deals: Page 3


  • Screenshot of Jow's shoppable recipe website.
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    Retrieved from Jow on February 07, 2024
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    How a Kroger meal planning partner aims to boost grocers’ e-commerce profitability with shoppable recipes

    After working with the grocery giant for more than a year, French startup Jow is using $13 million in new capital to expand its U.S. presence, its CEO said.

    By Feb. 7, 2024
  • Four Walmart employees gathered in the store's produce section
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    Permission granted by Walmart
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    Walmart announces 3-for-1 stock split

    The retailer said the move, the 12th in its history, will keep share purchase prices within reach for associates.

    By Nate Delesline III • Jan. 31, 2024
  • Kroger Ocado
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    Courtesy of Kroger
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    UFCW steps up efforts to stop Kroger-Albertsons merger

    In a press conference on Friday, the union pushed back on claims made by the grocers and raised concerns about C&S Wholesale Grocers taking on divested stores.

    By Jan. 29, 2024
  • Image of supemarket website showing a yellow car with a logo
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    Retrieved from Fresco y Más on January 26, 2024
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    Southeastern Grocers completes sale of Fresco y Más

    The divestiture is linked to a broader plan the grocery company announced last summer to ultimately exit the supermarket business.

    By Jan. 26, 2024
  • Kroger Delivery
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    Courtesy of Kroger
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    Kroger-Albertsons merger

    Kroger and Albertsons delay merger timeline

    The supermarket companies, which now expect to combine by mid-2024, are also facing an effort by Washington state’s attorney general to block the deal.

    By Jan. 16, 2024
  • Kroger Ocado
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    Courtesy of Kroger
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    Kroger, private equity firm join forces to invest in emerging CPG brands

    The grocer is participating in the new venture, known as MPearlRock, through its 84.51° retail analytics unit.

    By Jan. 12, 2024
  • Two wooden blocks on a computer keyboard that spell out "M&A"
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    Maks_Lab via Getty Images
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    Tech firms Stor.ai and Mercatus to merge

    Stor.ai’s parent company Relationshop said the acquisition will offer a unified, personalized and convenient first-party digital shopping experience.

    By Jan. 9, 2024
  • Blocks spell M and A
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    Nastassia Samal via Getty Images
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    11 top grocery M&A deals of 2023

    Small and regional grocers have been busy joining forces this year while Kroger and Albertsons wait for a regulatory decision about their merger.

    By , Dec. 18, 2023
  • Kroger Delivery
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    Courtesy of Kroger
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    Kroger rolls out holiday promotions spanning everything from sushi to fuel points

    The grocer has unveiled holiday meal guides that use SNAP-eligible ingredients, ideas for holiday gifting and discount offerings across multiple store sections.

    By Dec. 18, 2023
  • Three men standing in front of shopping carts and a sign that says Dom's Kitchen & Market.
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    Courtesy of Dom's Kitchen & Market
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    Column

    The Friday Checkout: Can Dom’s and Foxtrot dance in step with each other?

    The Chicago-based retailers are looking to bring together their unique takes on grocery retailing and convenience stores. Will they be able to build a unified persona?

    By Grocery Dive Staff • Dec. 1, 2023
  • Exterior of Moser's Foods
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    Retrieved from PFSbrands.
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    PFSbrands acquires Mid-Missouri grocer Moser’s Foods

    The purchase of the company, which operates eight grocery stores and one c-store, is expected to close in March 2025.

    By Dec. 1, 2023
  • Kroger storefront
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    Courtesy of Kroger
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    Kroger sees results falter, says planned merger with Albertsons is on track

    The grocer’s comparable store sales slipped into negative territory during the third quarter even as the company returned to profitability.

    By Nov. 30, 2023
  • Walmart storefront sign.
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    Kaarin Vembar/Grocery Dive
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    Walmart records grocery gains in Q3 but feels inflationary heat

    The retailer is working to lower food prices to help consumers spend more on general merchandise as the holidays near, executives told investors.

    By Nov. 16, 2023
  • Header image for "Instacart Pulls IPO; CEO Says 2022 Listing Unlikely"
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    CFO Editorial Staff
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    Column

    The Friday Checkout: Instacart’s $2.6B payout

    The company beat the Street in its first earnings report, but all the stock-based compensation it had piled up swung it to a loss.

    By Grocery Dive Staff • Nov. 10, 2023
  • Exterior of a Food Lion store.
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    Permission granted by Food Lion
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    Ahold Delhaize’s results lose steam

    The grocer’s comparable sales, net sales, operating income and online sales all lost momentum year over year during the third quarter.

    By Nov. 9, 2023
  • Smart shopping cart at Groceryshop
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    Sam Silverstein/Grocery Dive
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    Instacart posts strong results in first earnings report since public market debut

    For its third quarter, the company recorded $764 million in revenue, up 14% year over year, and a net loss of $2 billion mainly due to stock-based compensation tied to its IPO.

    By Nov. 8, 2023
  • FreshDirect
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    Courtesy of FreshDirect
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    Ahold Delhaize USA selling FreshDirect to Getir

    The food retail giant said it is offloading the grocery e-commerce service to focus on omnichannel. 

    By , , Nov. 8, 2023
  • Exterior of a Sprouts store
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    Retrieved from Sprouts Farmers Market on March 20, 2023
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    Sprouts revises 2024 store count expansion plans

    The specialty grocer plans to open 35 new locations next year rather than 40, the company’s CFO said Tuesday during an earnings call.

    By Nov. 1, 2023
  • Kroger's retail media network logo against a food background.
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    Courtesy of Kroger
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    Column

    The Friday Checkout: Kroger’s retail media business breaks new ground

    The grocery giant plans to measure carbon emissions linked to offsite media campaigns and launch a programmatic offering amid an increasingly competitive retail media landscape. 

    By Grocery Dive Staff • Oct. 20, 2023
  • Walmart's Thanksgiving meal basket
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    Retrieved from Walmart.
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    Walmart aims to take inflation off the Thanksgiving table

    The retailer’s two meal bundles match 2021 prices and provide customers with essential ingredients or convenient ready-to-bake goods. 

    By Oct. 19, 2023
  • Blocks spell M and A
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    Nastassia Samal via Getty Images
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    Deep Dive

    What’s ahead in grocery M&A?

    Kroger and Albertsons’ proposed mega-merger has prompted players in the industry to explore ways to work together, analysts and observers say.

    By , Oct. 18, 2023
  • Exterior of Washington, D.C., Safeway store at 415 14th Street, SE, on Aug. 11, 2020. Store opened Aug. 12, 2020.
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    Sam Silverstein/Grocery Dive
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    Albertsons results soften as headwinds persist

    The grocer reported Tuesday that sales growth, same-store sales, net income and adjusted EBITDA all lost steam during the second quarter.

    By Oct. 17, 2023
  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    Rite Aid files for Chapter 11 bankruptcy, names new CEO

    The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.

    By Nate Delesline III • Oct. 16, 2023
  • Gatik autonomous delivery vehicle outside Loblaw building
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    Courtesy of Gatik
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    Canada’s five largest grocery chains pledge to stabilize food prices

    Metro, Loblaws, Sobeys, Walmart and Costco made initial commitments after recently meeting with the country’s minister of innovation, science and industry.

    By Oct. 9, 2023
  • A Blue Apron box on a kitchen counter.
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    Scott Eisen via Getty Images
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    Blue Apron to be acquired by Wonder Group

    The food tech company founded by former Walmart e-commerce executive Marc Lore is buying the meal kit company for about $103 million — a fraction of what it was worth when it went public in 2017.

    By Sept. 29, 2023