Finances & Deals: Page 3
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Joe Raedle via Getty Images
Dollar Tree will soon offer products that cost $7
Price points for hundreds of goods will now range up to that amount as the retailer aims to reach higher-income shoppers.
By Peyton Bigora • March 13, 2024 -
Courtesy of Kroger
Kroger reports improved profit line as it girds for battle with FTC
The grocer is determined to overcome the government’s effort to stop its merger with Albertsons but sees room to grow even if it can't consummate the deal, its CEO said.
By Sam Silverstein • March 8, 2024 -
Courtesy of Target
Target to launch paid membership program to rival Amazon Prime, Walmart+
Target Circle 360 will cost $99 a year and comes as the retailer plans 300 new stores in the coming decade.
By Nate Delesline III • March 5, 2024 -
Courtesy of Kroger
ColumnThe Friday Checkout: Could the Kroger-Albertsons saga become a political football?
The chains are trying to merge as politicians and consumers connect the grocery industry with high prices. Can the retailers overcome the pressure?
By Grocery Dive Staff • March 1, 2024 -
Courtesy of Albertsons
What’s next for Kroger and Albertsons as merger case moves on to court
The grocers' ability to combine could come down to how a judge rules on the FTC's request for a preliminary injunction, antitrust experts said.
By Sam Silverstein • Feb. 29, 2024 -
Adobestock/ Meow Creations
Southeastern Grocers accepting supplemental health benefits with new partnership
NationsBenefits members can now buy approved healthy groceries and over-the-counter medications at Harveys Supermarket and Winn-Dixie locations.
By Peyton Bigora • Feb. 28, 2024 -
Courtesy of Kroger
Analysts weigh in on FTC’s suit to challenge Kroger-Albertsons deal
The agency's detailed statement opposing the proposed merger has industry experts mulling over the C&S divestiture plan and its possible impacts on industry competition.
By Peyton Bigora • Feb. 28, 2024 -
Scott Olson via Getty Images
ColumnPardon the Disruption: 4 thoughts on the FTC’s challenge to Kroger-Albertsons
The agency strongly refuted claims the companies made around pricing, worker benefits and store divestitures, setting the stage for a pitched legal battle.
By Jeff Wells • Feb. 27, 2024 -
Scott Olson via Getty Images
Iowa bill seeks to bring grocery options to underserved communities
Introduced by a state representative who formerly owned a food store, the proposed legislation would provide grants of $50,000 to $500,000 to grocers with up to 10 locations.
By Catherine Douglas Moran • Feb. 26, 2024 -
LD via Getty Images
FTC files suit to stop Kroger-Albertsons merger
Nine attorneys general have joined the federal court complaint, which claims that the deal would boost grocery prices and hurt workers.
By Sam Silverstein , Jeff Wells • Updated Feb. 26, 2024 -
Courtesy of Walmart
Walmart records grocery gains, improved e-commerce profitability in Q4
The retailer’s U.S. comparable-store sales excluding fuel rose 4% as a softening in general merchandise sales partially offset strength in grocery and health and wellness.
By Catherine Douglas Moran • Feb. 20, 2024 -
Scott Olson via Getty Images
Walmart buys Vizio for $2.3B as retail media race turns to streaming
The deal helps Walmart catch up with Amazon and comes as its U.S. advertising unit grew revenue by 30% in fiscal 2024.
By Peter Adams • Feb. 20, 2024 -
Courtesy of Albertsons
ColumnThe Friday Checkout: Is C&S Wholesale Grocers fit to run assets Kroger, Albertsons want to divest?
The lawsuit brought by Colorado’s attorney general claims that the wholesaler and retailer doesn’t have the experience to run hundreds of stores and several more private brands.
By Grocery Dive Staff • Feb. 16, 2024 -
Jessica Dumont/Grocery Dive
Grocery Outlet snaps up discount grocery chain for $62M
The purchase of 40 United Grocery Outlet stores and a distribution center will extend Grocery Outlet’s presence in the Southeast.
By Catherine Douglas Moran • Feb. 16, 2024 -
Courtesy of HelloFresh
HelloFresh to offer discounted meal kits to Cigna Healthcare members
The tie-up aims to make HelloFresh meal kits available as “a healthcare benefit” as consumers turn to food retailers for health and wellness guidance.
By Peyton Bigora • Feb. 15, 2024 -
Courtesy of Instacart
Instacart reports strong Q4, highlights investments in customer incentives
The company says it has overhauled its discount and promotion strategy to help reactivate existing users and attract new ones.
By Catherine Douglas Moran • Feb. 14, 2024 -
Brandon Bell via Getty Images
Kroger promises to lower prices following merger with Albertsons
This is the grocer’s latest pledge as it looks to ease public concerns regarding the pending deal.
By Peyton Bigora • Feb. 14, 2024 -
Courtesy of Kroger
ColumnThe Friday Checkout: Kroger’s CFO left for a rival. What does that say about its merger with Albertsons?
Gary Millerchip jumped suddenly to Costco even as the blockbuster deal he helped engineer remains up in the air.
By Grocery Dive Staff • Feb. 9, 2024 -
Retrieved from Jow on February 07, 2024
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 Catherine Douglas Moran • Feb. 7, 2024 -
Permission granted by Walmart
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 -
Courtesy of Kroger
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 Peyton Bigora • Jan. 29, 2024 -
Retrieved from Fresco y Más on January 26, 2024
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 Sam Silverstein • Jan. 26, 2024 -
Courtesy of Kroger
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 Sam Silverstein • Jan. 16, 2024 -
Courtesy of Kroger
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 Sam Silverstein • Jan. 12, 2024 -
Maks_Lab via Getty Images
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 Catherine Douglas Moran • Jan. 9, 2024
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