Finances and Deals: Page 3
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Grocers launch new SNAP benefits
Eligible Giant Food shoppers in Baltimore will receive a $15 promo code for online produce orders, while Harvest Market in Northern California is participating in a health food program.
By Peyton Bigora • April 18, 2023 -
Coborn’s to buy Sullivan’s Foods
The company’s deal to acquire the 11-store chain will mark the Minneapolis-based retailer’s expansion to Illinois and brings its store count to 77 locations in six states.
By Sam Silverstein • April 17, 2023 -
Boxed files for Chapter 11 bankruptcy
The company intends to sell its software business while it winds down retail operations over the next several weeks.
By Jeff Wells • April 3, 2023 -
Retrieved from Sprouts Farmers Market on March 20, 2023
Sprouts acquires two stores in Southern California
The Phoenix-based grocer purchased two independently owned locations bearing its name in Chula Vista, California.
By Catherine Douglas Moran • March 21, 2023 -
Boxed considers filing for bankruptcy
The e-commerce company, which sells bulk-sized pantry items and runs a fresh grocery delivery business in the New York City area, is facing tension with lenders amid a tightening cash position.
By Sam Silverstein • March 16, 2023 -
What grocery execs are saying about inflation and consumer behavior
During their most recent earnings calls, leaders at Kroger, Ahold Delhaize and other companies discussed shoppers’ price concerns and how inflation is moderating unevenly across categories.
By Sam Silverstein , Peyton Bigora • March 14, 2023 -
Retrieved from Meijer.
Meijer and Flashfood expand tie-up to include SNAP payments
The Midwestern grocer is the first of the food waste solution company’s partners to make the payment method accessible on the company’s app.
By Peyton Bigora • March 14, 2023 -
States are looking to cut their grocery taxes. Here’s what that means for grocers.
The taxes not only disproportionately impact lower-income shoppers but can also influence where they buy food and distract from retail differentiation strategies, said Andy Harig with the Food Industry Association.
By Catherine Douglas Moran • March 13, 2023 -
UNFI’s profits plunge as sales hit a record
The grocery retailer and wholesaler has slashed its outlook for fiscal year 2023 and is implementing a “transformation agenda” to improve its performance, CEO Sandy Douglas said during an earnings call Wednesday.
By Sam Silverstein • March 8, 2023 -
Column
The Friday Checkout: Private brands shine in grocery earnings
The CEOs of Sprouts, Kroger and Dollar Tree recently told investors they plan to expand their store brands, noting their private label lines are resonating with inflation-weary consumers.
By Grocery Dive Staff • March 3, 2023 -
Sprouts accelerates rollout of smaller stores
The retailer plans to open at least 30 locations in 2023, all of which will be based on its newer format, and to close 11 larger ones based on its legacy design, executives said Thursday.
By Sam Silverstein • March 3, 2023 -
Blue Apron has a plan to avoid NYSE delisting
The meal kit maker has until June 21, 2024, to address its global market capitalization listing standard deficiency and until June 21, 2023, to fix its share price listing standard deficiency.
By Catherine Douglas Moran • March 3, 2023 -
Retrieved from Shef on February 28, 2023
Homecooked meals marketplace Shef raises $73.5M, plans nationwide expansion
The company is now accepting applications from cooks across the country to sell their meals on the platform.
By Catherine Douglas Moran • March 1, 2023 -
SpartanNash’s comps rise but earnings plummet
For fiscal year 2022, the grocery distributor and supermarket operator recorded net earnings of $34.5 million, down over 50% from the prior fiscal year.
By Catherine Douglas Moran • Feb. 24, 2023 -
Consumers believe inflation is much higher than it really is
U.S. shoppers assume food-at-home prices are going up at twice their actual pace and overestimate grocers’ profitability, per Dunnhumby’s latest Consumer Trends Tracker.
By Peyton Bigora • Feb. 15, 2023 -
Grocery shoppers take legal action to stop Kroger from buying Albertsons
The lawsuit, filed last week in federal court, claims the merger would negatively impact consumers by raising prices, cutting choices and hurting service.
By Sam Silverstein • Feb. 8, 2023 -
Column
The Friday Checkout: Discounters reap the rewards of 2022 inflation
Aldi, Lidl and Grocery Outlet have already seen increased foot traffic and store expansion coming off years of pandemic-influenced shopping behavior, supply chain disruptions and inflation.
By Grocery Dive Staff • Jan. 6, 2023 -
SpartanNash acquires Midwestern grocery supplier Great Lakes Foods
In purchasing the food wholesaler, the food solutions company also took ownership of its 300,000-square-food distribution center located in Menominee, Michigan.
By Peyton Bigora • Jan. 5, 2023 -
Deep Dive
8 trends that will shape the grocery industry in 2023
The lingering impacts of inflation, the growth of retail media and the full return of the store shopping experience will have a significant impact in the year ahead, experts predict.
By Grocery Dive Staff • Jan. 4, 2023 -
Relationshop acquires grocery e-commerce provider Stor.ai
The acquisition was driven by a need to offer an end-to-end e-commerce platform that can compete with larger players like Amazon and Instacart, said Relationshop CEO Galen Walters.
By Sam Silverstein • Jan. 4, 2023 -
Albertsons special dividend remains paused as legal fight heads into 2023
While the temporary restraining order against the payment remains until a Washington State Supreme Court review in early February, the grocery company won a ruling in a Washington, D.C., district court.
By Catherine Douglas Moran • Dec. 22, 2022 -
11 top M&A grocery deals of 2022
The proposed Kroger-Albertsons merger may have stolen the spotlight, but this year also saw a string of major acquisitions that combined grocers and advanced digital innovations.
By Peyton Bigora , Catherine Douglas Moran • Dec. 22, 2022 -
Kroger promotes $10 meals during the holidays
The grocer said it’s offering numerous options at that price point for a family of four as budget-conscious shoppers navigate the gifting season.
By Peyton Bigora • Dec. 20, 2022 -
Getir acquires ultrafast delivery rival Gorillas
The deal consolidates two of the major players in an industry that has struggled to grow in the U.S.
By Jeff Wells • Dec. 12, 2022 -
Judge denies preliminary injunction against Albertsons’ $4B dividend
The Friday ruling by a Washington state judge extended a temporary restraining order halting the payment until Dec. 19 to allow time for the state’s attorney general to appeal the ruling.
By Sam Silverstein • Dec. 12, 2022