Finances & Deals: Page 5
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AlenaPaulus via Getty Images
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 -
Catherine Douglas Moran/Grocery Dive
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 -
Courtesy of Aldi U.S.
ColumnThe 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 -
Courtesy of SpartanNash (Business Wire)
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 -
SolStock via Getty Images
Deep Dive8 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 -
Christopher Doering/Grocery Dive
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 -
Mario Tama via Getty Images
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 -
Delmaine Donson via Getty Images
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 -
Courtesy of Kroger
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 -
Courtesy of Getir
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 -
Catherine Douglas Moran/Grocery Dive
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 -
Courtesy of Blue Apron
Blue Apron cuts 10% of corporate jobs as it faces cash crunch
The meal kit company said Thursday it looks to shave costs by $50 million during the coming year.
By Sam Silverstein • Dec. 9, 2022 -
Courtesy of United Natural Foods, Inc.
UNFI posts sales increase in Q1, links automation plans to growth
The grocery wholesaler and retailer brought in net sales of $7.5 billion during the quarter, a 7.6% year-over-year increase due largely to inflation and new business.
By Sam Silverstein • Dec. 7, 2022 -
Scott Olson via Getty Images
Kroger gets FTC request for more details on Albertsons merger
The federal agency’s call for more information extends the waiting period for the grocers as they undergo the regulatory review process.
By Catherine Douglas Moran • Dec. 6, 2022 -
Courtesy of Kroger
Here’s what to know about the Kroger-Albertsons merger
The deal could form a formidable new industry competitor, but it’s facing considerable pushback as a potentially bruising regulatory review looms.
By Jeff Wells • Dec. 5, 2022 -
Courtesy of Kroger
Kroger-Albertsons mergerKroger and Albertsons defend planned merger at Senate hearing
The grocers do not intend to close any of the supermarkets they operate if the deal receives regulatory clearance, the companies’ chief executives told lawmakers on Tuesday.
By Sam Silverstein • Nov. 30, 2022 -
Courtesy of Boxed
Boxed flirts with NYSE delisting after stock price skids
The online retailer has received a warning from the New York Stock Exchange that it is not in compliance with listing requirements because its average market capitalization during a recent 30-day period was below $50 million.
By Sam Silverstein • Nov. 29, 2022 -
Courtesy of Southeastern Grocers
Southeastern Grocers exploring sale, WSJ reports
The news, attributed to sources familiar with the matter, comes about a year after the company ended its bid to go public.
By Jeff Wells • Nov. 17, 2022 -
Thai Phi Le/Grocery Dive
Kroger-Albertsons mergerHow the Kroger-Albertsons merger could transform 5 key grocery markets
The two food retailers each have a strong presence in dozens of markets with unique characteristics, underscoring the complexity of sizing up a national deal in a hyperlocal industry.
By Sam Silverstein , Peyton Bigora • Nov. 17, 2022 -
Mario Tama via Getty Images
Postponement of Albertsons’ $4B dividend extended to December
The legal battle over whether the grocer can make the shareholder payout now goes to a hearing early next month, and the payment remains blocked until then.
By Catherine Douglas Moran • Nov. 17, 2022 -
Courtesy of Target
Target’s profits tumble again, casting a shadow over the holidays
Another disappointing quarter points to pressures on consumers, but some analysts also took the retailer to task for its performance.
By Ben Unglesbee • Nov. 16, 2022 -
Daphne Howland/Grocery Dive
Walmart’s strong Q3 powered by grocery
The retailer, which recorded increases to its U.S. grocery sales and unit growth, has continued to gain market share in food and beverage from households across income demographics, executives told investors Tuesday.
By Dani James , Catherine Douglas Moran • Nov. 15, 2022 -
Courtesy of Albertsons
Albertsons notches win in fight over $4B dividend
A federal district court has denied a restraining order request by the attorneys general of California, Illinois and Washington, D.C., against the grocery company’s investor payout, which was originally slated for Nov. 7.
By Catherine Douglas Moran • Nov. 9, 2022 -
Courtesy of Sprouts Farmers Market
Sprouts edges forward in Q3, with deli leading the way
The specialty retailer posted comparable-store sales growth of 2.4% during the period compared with the third quarter of 2021, while e-commerce sales rose 19%.
By Sam Silverstein • Nov. 9, 2022 -
Jessica Dumont/Grocery Dive
Grocery Outlet names new CEO
President RJ Sheedy will take on the top role as Eric Lindberg transitions to chairman of the discounter’s board.
By Catherine Douglas Moran • Nov. 8, 2022
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