Finances and Deals: Page 3

  • Albertsons store
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    Courtesy of Albertsons
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    State AGs sue to stop Albertsons’ $4B dividend

    The payout would weaken the grocer as it looks to merge with Kroger, officials of California, Illinois, Washington and Washington, D.C., claimed in a pair of lawsuits.

    By • Nov. 3, 2022
  • Albertsons
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    Courtesy of Albertsons
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    Albertsons defends $4B dividend amid opposition from attorneys general

    The grocer is looking to ward off concerns that the dividend, which is set for Nov. 7, would reward investors while weakening Albertsons’ financial health.

    By • Oct. 27, 2022
  • Walmart Store Exterior at Night
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    Courtesy of Walmart
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    5 Walmart suppliers team up on renewable energy buy

    Levi Strauss, J.M. Smucker and three others completed the first aggregated purchase power agreement under the retailer’s Project Gigaton, which encourages vendors to reduce their greenhouse gas emissions. 

    By Sarah Zimmerman • Oct. 26, 2022
  • Grocery store entrance
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    Courtesy of Trigo
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    Trigo nets $100M as it eyes ‘full-sized’ supermarkets

    The Israeli frictionless checkout startup company plans to use the new funding in part to scale its computer vision-based technology for use in larger retail locations than it currently supports.

    By • Oct. 26, 2022
  • Albertsons
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    Courtesy of Albertsons
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    Deep Dive // Kroger-Albertsons merger

    Will the Kroger-Albertsons deal get past regulators?

    Success will depend on how the FTC defines competition and whether the companies can satisfy the agency’s increasingly intense scrutiny of store divestitures, experts say.

    By • Oct. 20, 2022
  • Close shot of the U.S. Capitol dome against the bright blue sky.
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    Brendan Hoffman via Getty Images
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    Kroger-Albertsons merger

    Senate antitrust panel to focus on Kroger-Albertsons merger

    The bipartisan hearing, which was organized by Sens. Amy Klobuchar and Mike Lee, will take place in November and will add more scrutiny to the $24.6 billion deal.

    By • Oct. 19, 2022
  • Kroger delivery
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    Courtesy of Kroger
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    Column // Kroger-Albertsons merger

    Pardon the Disruption: The digital forces driving the Kroger-Albertsons merger

    The $24.6 billion deal is as much about boosting scale in data, retail media and e-commerce as it is about expanding stores and facilities.

    By • Oct. 17, 2022
  • Alcohol delivery through Instacart
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    Courtesy of Instacart
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    Instacart reportedly cuts valuation again, to $13B

    This marks the third time this year the company has slashed its valuation, Bloomberg and The Information reported, after lowering it to $24 billion in March and then to $15 billion in July.

    By • Oct. 17, 2022
  • Kroger Delivery
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    Courtesy of Kroger
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    Kroger-Albertsons merger

    How would the Kroger-Albertsons merger impact independent grocers?

    The National Grocers Association fears a second “power buyer” would enter the industry, further tipping the scales for suppliers and independent grocers trying to compete. 

    By • Oct. 17, 2022
  • Kroger storefront
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    Courtesy of Kroger
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    Kroger-Albertsons merger

    Kroger to buy Albertsons in $24.6 billion deal

    The companies expect the deal to close in early 2024 and plan to sell between 100 and 375 stores to satisfy regulatory requirements.

    By , • Oct. 14, 2022
  • Kroger storefront
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    Courtesy of Kroger
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    Kroger, Albertsons in talks to merge, Bloomberg reports

    The combination, which has not been finalized and may not come to fruition, would create a grocery retailing giant able to rival Walmart and Amazon.

    By • Oct. 13, 2022
  • Instacart
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    Retrieved from Instacart on March 02, 2021
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    Instacart agrees to $46.5M settlement over worker classification

    The agreement settles a 2019 lawsuit by the San Diego City Attorney’s Office that claims the grocery technology company misclassified its workers as independent contractors instead of as employees. 

    By • Oct. 12, 2022
  • A screenshot of The Rounds' website
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    Retrieved from The Rounds on October 10, 2022
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    Zero-waste online grocer The Rounds raises $38M

    The newly announced Series A financing follows a $4 million seed round at the start of this year for the scaling grocery refill delivery service.

    By • Oct. 10, 2022
  • Alert Innovation Alphabot robot
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    Courtesy of Alert Innovation
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    Walmart to buy Alert Innovation

    The retailer is acquiring the Massachusetts-based automated fulfillment company as it continues to level up its order-routing capabilities.

    By , • Oct. 6, 2022
  • A SpartanNash distribution facility in Minot, North Dakota.
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    Courtesy of Provender Partners
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    SpartanNash sells four distribution facilities to investment firm

    The $29.9 million deal offloads centers in Indiana, North Dakota, Florida and Ohio that together occupy 483,000 square feet.

    By • Oct. 5, 2022
  • Meijer announced it will expand its third Supplier Diversity event to include diverse-owned service providers, as well as retail-ready products for its shelves. Certified minority-, LGBTQ-,
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    Courtesy of Meijer
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    Meijer offers produce discounts to SNAP customers

    Thanks to a waiver granted by the USDA, the company will provide discounts on eligible fruits and vegetables for a year, with the first promotional period beginning Oct. 2.

    By • Sept. 29, 2022
  • Rendering of an exterior of a grocery store and a sign that says "Forty Acres Fresh Market"
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    Permission granted by Liz Abunaw
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    Black-owned grocery startup in Chicago rakes in funding

    Liz Abunaw, owner of Forty Acres Fresh Market, was one of three Black entrepreneurs to each receive a $50,000 grant from cookie brand Famous Amos.

    By • Sept. 27, 2022
  • Eataly at Park MGM in Las Vegas
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    Courtesy of Francisco Lupini/Eataly USA
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    Eataly lands investment deal to further its global expansion plans

    The infusion of 200 million euros by private equity group Investindustrial will allow the specialty Italian grocer to develop new formats and open more locations worldwide.

    By • Sept. 23, 2022
  • Screenshot of Jow's website showing recipe suggestions for meals.
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    Retrieved from Jow on September 21, 2022
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    Kroger links with French meal planning service

    The grocery chain has a new partnership with Jow, a startup that recommends recipes and ingredient products to customers based on their dietary and lifestyle preferences.

    By • Sept. 21, 2022
  • Kroger Ocado
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    Courtesy of Kroger
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    Kroger expands personalized financial tools for employees

    The program will offer associates the opportunity to access financial coaches, online tools and other free, confidential services. 

    By • Sept. 16, 2022
  • screenshot of Walmart's EBT food items page
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    Peyton Bigora/Grocery Dive, data from Walmart.com
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    Walmart makes it easier to shop SNAP-eligible items online

    The retailer said it is streamlining its website for consumers who use EBT card payments as it looks to foster a more inclusive shopping experience.

    By • Sept. 14, 2022
  • Rosie
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    Courtesy of Rosie
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    Instacart buys e-commerce tech provider Rosie

    Rosie’s services are now part of the Instacart Platform, and its staff lead development of the e-commerce giant’s strategy for serving independent retailers.

    By • Sept. 7, 2022
  • Two computers open with software on them
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    Courtesy of Instacart
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    Instacart buys AI-powered pricing and promotions platform Eversight

    Instacart said the acquisition will give its retailer and CPG partners access to individualized pricing tools and insights that link offline and online shopper behavior. 

    By • Sept. 1, 2022
  • A sign hangs outside a Sam's Club store.
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    Scott Olson via Getty Images
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    Sam’s Club increases membership fee for the first time in almost a decade

    Basic membership costs will go from $45 to $50, while the price of a “Plus” membership will rise from $100 to $110.

    By • Sept. 1, 2022
  • Walmart beef
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    Courtesy of Walmart
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    Walmart continues to beef up meat sourcing

    The retailer has agreed to acquire a minority stake in Sustainable Beef LLC and will help the rancher-owned company open a beef-processing facility in North Platte, Nebraska. 

    By • Sept. 1, 2022