Finances & Deals: Page 15
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Price and meal prep top of mind for retailers rethinking private brands
Over the next two years, roughly one-third of retailers plan to significantly increase investments in private brands as they capitalize on shifting consumer habits brought on by the pandemic, according to FMI.
By Catherine Douglas Moran • Oct. 30, 2020 -
Pandemic fuels blockbuster Amazon Q3 even without Prime Day
But the e-commerce giant seems to have ceded some market share to rivals, which are logging even higher increases in online sales, analysts said.
By Daphne Howland • Oct. 30, 2020 -
Sprouts' ID sales growth slows as it stays the course on long-term strategy
The natural foods chain's digital sales increased 337% during the quarter, and it began taking pickup and delivery orders directly through its website and app.
By Sam Silverstein • Oct. 29, 2020 -
As Kroger Restock winds down, questions remain over digital profitability
Executives said the initiative has set the grocer on the right course, and it's gaining market share faster than ever, but a lot still rests on the success of its Ocado tie-up.
By Jeff Wells • Oct. 28, 2020 -
Aldi opening Arizona stores next week as part of US expansion
The discount grocery chain will open two much-anticipated stores in Arizona on Nov. 5 and has at least seven more reportedly in the planning stages in the state.
By Rosie Bradbury • Oct. 26, 2020 -
H-E-B doles out $500 bonus to workers
The pay boost to all full- and part-time employees follows a permanent compensation increase the retailer implemented in June.
By Jeff Wells • Oct. 23, 2020 -
Why Trader Joe's traffic has recovered but Whole Foods' hasn't
Specialty chains were hit hardest by the drop-off in Q2 foot traffic, but some, like Trader Joe's, have been better at adapting to a new "mission-driven" shopper mindset, according to a report from Placer.ai.
By Rosie Bradbury • Oct. 22, 2020 -
Southeastern Grocers formalizes plans to go public as it zeroes in on Winn-Dixie
The grocer is on track to operate 87% of its locations under the Winn-Dixie banner when its store sales are complete.
By Sam Silverstein • Oct. 21, 2020 -
Target gives frontline workers $70M in bonuses ahead of holidays
The retailer is paying $200 to employees as they face an unprecedented and likely stressful shopping season haunted by the coronavirus pandemic.
By Ben Unglesbee • Oct. 20, 2020 -
Acme wins bidding for Kings Food Markets and Balducci's in bankruptcy auction
The Albertsons banner agreed to pay $96.4 million for the two chains, which will continue operating under their own names.
By Sam Silverstein • Oct. 15, 2020 -
Instacart bags another $200M in funding
The latest round, led by existing investors, brings the company's valuation to $17.7 billion as delivery competition ramps up and it reportedly begins exploring an IPO.
By Jessica Dumont • Oct. 9, 2020 -
Walmart sells majority stake in Asda
The sale of the U.K. grocer, which went through numerous hurdles over the past two years, allows Walmart to focus on its digital operations.
By Jeff Wells • Oct. 2, 2020 -
UNFI sales beat estimates as CEO announces retirement
Steven Spinner will join the company's board as executive chairman once it names a successor.
By Jeff Wells • Sept. 29, 2020 -
Fresh Thyme to close 3 remaining Nebraska stores
After opening five stores in four years in the Cornhusker State, the company is now pulling out of the area as it and other specialty grocers make strategic adjustments.
By Jeff Wells • Sept. 28, 2020 -
Zero-waste online grocer raises $3M
Zero Grocery pursued the additional funding amid the COVID-19 pandemic, bringing its total capital raised to $4.7 million.
By Jessica Dumont • Sept. 25, 2020 -
Costco sales jump on strong fresh food demand
Grocery sales have been so strong that the retailer has seen shrink virtually disappear: "We don't have spoilage. We sell out, not literally but almost literally to the piece," CFO Richard Galanti said Thursday.
By Sam Silverstein • Sept. 25, 2020 -
Stop & Shop, Ingles announce new worker bonuses
Ingles will give an extra $300 to full-time associates and $150 to those working part-time, while Stop & Shop is granting payments worth 10% of hours worked between July and August.
By Sam Silverstein • Sept. 25, 2020 -
Grocery sales dip as restaurant sales pick up
While restaurant sales industrywide accelerated 3.7% in August, grocery chains saw a 7% drop in dollar growth, according to data from M Science.
By Rosie Bradbury • Sept. 21, 2020 -
Grocery sales dip in August as overall retail spending picks up
Sales at food retailers fell 1.6% compared with their level in July as overall retail sales climbed 0.6%.
By Sam Silverstein • Sept. 16, 2020 -
Grocery foot traffic fully rebounds at major chains
Store visits to Albertsons, Kroger, Publix and Trader Joe's increased across the summer and are trending above 2019 figures, according to data from Placer.ai.
By Rosie Bradbury • Sept. 14, 2020 -
Asian e-grocer Weee charts ongoing expansion with $35M in funding
The California-based startup, which already turns a profit and recently added service in four new regions, will use the capital infusion to continue growing and recruiting.
By Jessica Dumont • Aug. 26, 2020 -
Target's Q2 sales powered by store traffic, same-day service gains
Grocery pickup, now available at more than 1,500 locations, helped drive a 273% increase across the company's click-and-collect and delivery services.
By Jeff Wells • Aug. 19, 2020 -
Ahold Delhaize's US digital sales soar 127%
Click-and-collect orders are fueling growth as the grocer steps up its e-commerce investments to capitalize on the seismic spending shift.
By Jeff Wells • Aug. 5, 2020 -
Publix's Q2 comps rise nearly 20%
The grocer recorded a 22% increase in net sales during the three-month period as shoppers stocked up during the early stages of the pandemic.
By Krishna Thakker • Aug. 4, 2020 -
Walmart cuts corporate jobs as it focuses on omnichannel push
Changes in the retail giant's merchandising and other teams have led to hundreds of layoffs, according to Bloomberg.
By Ben Unglesbee • July 31, 2020