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 Catherine Douglas Moran • July 15, 2021 -
Joe Raedle via Getty Images
Deep DiveLabor 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 Jeff Wells , Catherine Douglas Moran , Sam Silverstein • July 14, 2021 -
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 Sam Silverstein , Catherine Douglas Moran • June 17, 2021 -
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 Catherine Douglas Moran • June 17, 2021 -
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 Catherine Douglas Moran • Updated Dec. 10, 2021 -
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 Sam Silverstein • June 8, 2021 -
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 Sam Silverstein • May 28, 2021 -
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 Sam Silverstein • May 21, 2021 -
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 Sam Silverstein • May 19, 2021 -
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 -
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 -
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 Jeff Wells • May 17, 2021 -
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 Jeff Wells • May 10, 2021 -
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 Catherine Douglas Moran • May 7, 2021 -
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 Sam Silverstein • May 5, 2021 -
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 Catherine Douglas Moran • April 28, 2021 -
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 Sam Silverstein • April 21, 2021 -
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 Sam Silverstein • April 6, 2021 -
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 Jeff Wells • April 1, 2021 -
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 Catherine Douglas Moran • April 1, 2021 -
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 Catherine Douglas Moran • March 24, 2021 -
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 Catherine Douglas Moran • March 22, 2021 -
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 Catherine Douglas Moran • March 18, 2021 -
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 Sam Silverstein • March 17, 2021 -
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 Jeff Wells • Updated July 21, 2021
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