Finances & Deals: Page 18


  • Berkshire Hathaway takes more than $500M stake in Kroger

    The firm run by Warren Buffet revealed a pickup of 18.9 million shares in the grocer.

    By Feb. 14, 2020
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    Giant Food
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    Ahold Delhaize beats earnings estimates as omnichannel momentum grows

    Comparable sales for the company's U.S. business grew 2.3%, driven by online sales growth and continued strong performance from Food Lion and Hannaford.

    By Feb. 12, 2020
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    Pardon the Disruption: 5 takeaways from 2020's bankruptcy bonanza

    Although they collectively ran less than 100 stores, Fairway Market, Lucky's and Earth Fare were significant companies that were supposed to be at the cutting-edge of consumer demand.

    By Feb. 7, 2020
  • Earth Fare files for Chapter 11 following failed negotiations to sell majority of stores

    The company was in advanced talks to sell 33 stores and its headquarters to an unidentified party, but the deal fell through last week.

    By Feb. 5, 2020
  • Earth Fare to shutter all stores

    The company expanded rapidly under private equity ownership but struggled to compete with conventional chains and the rising crop of specialty grocers.

    By Feb. 3, 2020
  • Amazon's grocery delivery business surged in Q4

    Home delivery orders through its Fresh service and Whole Foods Market stores more than doubled in the quarter.

    By Jan. 31, 2020
  • Lucky's Market founders to buy remaining 7 stores

    A group led by Bo and Trish Sharon, who started the company in 2003, have agreed to acquire the locations.

    By Jan. 29, 2020
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    Creative Commons
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    Lucky's Market files for bankruptcy

    The company plans to close 32 locations in the coming weeks, and said Aldi and Publix have agreed to buy 11 stores.

    By Jan. 27, 2020
  • Fairway Market will file for Chapter 11 bankruptcy

    The retailer has agreed to an initial bid from Village Super Markets for up to five New York locations and a distribution center, and will sell off other locations in a court-supervised auction.

    By Krishna Thakker • Updated Jan. 23, 2020
  • Lucky's Market to shutter most of its stores, reports say

    The chain will close 32 of its 39 locations less than two months after Kroger ended its investment in the specialty grocer.

    By Jan. 21, 2020
  • Shoppers want to use mobile payment in stores

    According to a survey by Blackhawk Network, more U.S. smartphone users want to pay for items in-store using their smartphone and loyalty points.

    By Krishna Thakker • Jan. 15, 2020
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    Albertsons
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    WSJ: Albertsons plans to file for another IPO

    The grocer and its private equity backer, Cerberus Capital Management, will decide within ‘weeks’ whether to make another public push, sources told the newspaper.

    By Jan. 13, 2020
  • Giant Food Stores will build a new fulfillment center
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    Giant Food Stores
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    Giant Food Stores to build 2nd e-commerce hub

    The company will also construct two new stores and remodel 35 as part of a $114 million investment in its Pennsylvania operations.

    By Jessica Dumont • Jan. 9, 2020
  • Albertsons' ID sales see boost from e-commerce, private brands

    CEO Vivek Sankaran said the company also reduced debt to the point where it’s in the "right zone" for an eventual public offering.

    By Jan. 8, 2020
  • Save-A-Lot secures $138M to support transformation

    The infusion of capital will reduce the discounter's debt by $400 million and strengthen operations.

    By Krishna Thakker • Jan. 6, 2020
  • Shoppers Value parent company files for bankruptcy

    The purchase and rebranding of six Winn-Dixie locations in 2018 created financial strain for JHJ Inc, which operates 12 grocery stores in Louisiana.

    By Lauren Manning • Jan. 3, 2020
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    Jeff Wells
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    Groceryshop and Shoptalk acquired for $145 million

    Hyve Group, a global trade show and conferences company, will now own the events and their founders will become majority shareholders.  

    By Krishna Thakker • Dec. 20, 2019
  • UNFI looks to West Coast for sales boost

    The company missed profit estimates for Q1 but says it expects streamlined distribution in Washington and California to improve results.

    By Dec. 11, 2019
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    Kroger
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    Kroger, Walgreens form group purchasing organization

    The two retailers have deepened their partnership in order to reduce costs and boost efficiency. 

    By Krishna Thakker • Dec. 11, 2019
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    New Seasons Market
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    New Seasons Market acquired by Good Food Holdings

    The neighborhood grocer and its subsidiary, New Leaf Community Markets, will join a retail stable that includes Bristol Farms, Lazy Acres and Metropolitan Market. 

    By Jessica Dumont • Dec. 10, 2019
  • Dollar General continues to build out 'fresh'

    The retailer said its DG Fresh strategy and efforts to add produce in stores are paying off, and will continue to expand next year.

    By Jessica Dumont • Dec. 6, 2019
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    Lucky's Market
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    Kroger exits Lucky's Market investment

    The grocer says it no longer sees a pathway to “meaningful” growth through the tie-up, which kicked off three years ago.

    By Dec. 5, 2019
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    Accel Robotics
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    Checkout-free startup secures $30M in funding

    Accel Robotics joins a growing number of companies touting technology that can deliver frictionless shopping experiences. 

    By Jessica Dumont • Dec. 4, 2019
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    Walmart
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    Walmart: 'Our strength is being driven by food'

    The retail giant posted a 41% increase in e-commerce sales for the third quarter and noted momentum in its snacks, beverages and fresh food categories.

    By Ben Unglesbee , Nov. 14, 2019
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    Kroger
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    Kroger doubles down on Restock

    Executives say the wide-ranging strategy is starting to pay off and admitted it initially "asked stores to do too much" — but not everyone is sold on the strategy.

    By Nov. 6, 2019