Finances and Deals: Page 4


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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
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    Courtesy of Grabango

    Grabango rings up $39M in Series B funding

    The checkout-free technology company plans to use the funds to bolster its computer vision capabilities as it competes for business with rivals like Standard Cognition and Amazon.

    By June 8, 2021
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    Retrieved from Dollar General on October 08, 2020

    Dollar General's grocery distribution rollout is running ahead of schedule

    The discount retailer plans to self-distribute frozen and refrigerated products chainwide by the end of its second financial quarter — ahead of an earlier projection targeting the end of the fiscal year.

    By May 28, 2021
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    Courtesy of BJ's Wholesale Club

    BJ's looks ahead to growth after seeing comps decline in Q1

    The club retailer plans to add six locations, including three in new markets, before the end of 2021.

    By May 21, 2021
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    Sam Silverstein/Grocery Dive

    Rising food prices are prying shoppers from their favorite grocers, survey shows

    Two-thirds of shoppers in a recent poll by Inmar Intelligence said they have shifted spending away from the store they usually shop at because they sense that costs are increasing.

    By May 19, 2021
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    Courtesy of Target

    Target's comp sales up 23% as its private brands hit record growth

    The retailer's fulfillment services and portfolio of private labels across multiple categories have kept shoppers hooked post-2020.

    By Maria Monteros • May 19, 2021
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    Courtesy of Walmart

    Walmart maintains growth with online sales up 37%

    After a "strong" first quarter, CEO Doug McMillon said the retailer expects "continued pent-up demand" throughout the year.   

    By Maria Monteros • May 18, 2021
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    Courtesy of Smart & Final

    Bodega Latina acquires Smart & Final for $620M

    The deal, which will also include the assumption of debt, will more than triple the Hispanic company’s U.S. store footprint.

    By May 17, 2021
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    Courtesy of Natural Grocers

    Natural Grocers CEO: Small-basket shopping still absent

    Kemper Isely said consumers are still favoring large purchases and that impulse trips won't reappear until office workers return.

    By May 10, 2021
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    Courtesy of Anheuser-Busch

    Blue Apron's profitability struggles continue as it focuses on product innovation

    The meal kit company posted a $15.7 million net loss but posted a record high average order value in Q1.

    By May 7, 2021
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    HelloFresh

    HelloFresh adds 1M US customers in Q1

    The German meal kit company saw U.S. sales in the period reach $965 million, up 37% from the previous quarter. 

    By May 5, 2021
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    Courtesy of PCC Community Markets

    PCC distributes $3.9M to members with first dividend

    The co-op gave the money to its nearly 90,000 members in the form of store credit.

    By April 28, 2021
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    Permission granted by Misfits Market

    Misfits Market brings in $200M as its valuation passes $1B

    The direct-to-consumer grocer intends to use the Series C funding to increase the range of foods it sells and complete its West Coast expansion.

    By April 21, 2021
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    Permission granted by AutoStore

    AutoStore owners sell 40% stake to SoftBank in $2.8B deal

    The transaction, which AutoStore said is aimed at helping it expand in Asia, values the Norwegian robotics company at $7.7 billion.

    By April 6, 2021
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    Courtesy of Kroger

    Kroger maps its new digital 'ecosystem'

    Offering a first look at its Ocado strategy, the grocer outlined plans to double online sales within three years and also improve margins.

    By April 1, 2021
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    Courtesy of Kroger

    Report: Grocers invested $24B in past year on pandemic-related expenses

    Retailers with fewer than 10 stores spent more than twice as much as larger retailers on safety-related expenses per store, the Food Industry Association found.

    By April 1, 2021
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    Retrieved from GoPuff.

    GoPuff raises $1.15B as its valuation doubles

    The online convenience retailer, which is now worth $8.9 billion, plans to use the new investment to fuel its geographic expansion and to introduce more product categories.

    By March 24, 2021
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    The image was retrieved from a Casey's YouTube video on March 22, 2021.

    Casey's to pay $39M for 49 Circle K Stores in Oklahoma

    The acquisition follows the convenience store chain's recent efforts to refresh its brand, ramp up its private label offerings and expand its grocery selection. 

    By March 22, 2021
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    Permission granted by Weee

    E-grocer Weee raises $315M to fuel North America expansion

    The company plans to more than double the number of cities it operates in, as well as accelerate hiring, product expansion and personalization efforts.

    By March 18, 2021
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    Sam Silverstein/Grocery Dive

    Grocers need answers for investors as pandemic jolt fades, analysts say

    After a year of outsized sales and profits, food retailers are suggesting that comparisons with 2020 don't paint an accurate picture about their future potential. Will Wall Street buy their story?

    By March 17, 2021
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    Courtesy of The Fresh Market

    The Fresh Market files for IPO

    The specialty grocer aims to return to the public markets and further capitalize on the sales boost it's seen during the pandemic.

    By Updated July 21, 2021