Finances & Deals: Page 19


  • Ahold Delhaize sees boost from online sales

    The retailer has been making significant changes to its e-commerce businesses, while Stop & Shop remains challenged. 

    By Krishna Thakker • Nov. 6, 2019
  • Image attribution tooltip
    Sprouts Farmers Market
    Image attribution tooltip

    Sprouts to slow growth in 2020, build smaller stores

    CEO Jack Sinclair said the chain will open 20 stores next year as it eyes a path to building scaled-down, more productive locations.

    By Oct. 31, 2019
  • Image attribution tooltip
    CommonSense Robotics
    Image attribution tooltip

    Fabric raises $110M to fuel micro-fulfillment

    The newly rebranded firm plans to accelerate its U.S. growth and announce up to four grocery chain partners next year.

    By Oct. 23, 2019
  • Image attribution tooltip
    Wikimedia Commons
    Image attribution tooltip

    Albertsons CEO outlines keys to growth

    On the heels of a positive second quarter, Vivek Sankaran highlighted developments in online sales, customer loyalty, in-store technology and private label.

    By Jessica Dumont • Oct. 16, 2019
  • Image attribution tooltip
    Jeff Wells
    Image attribution tooltip

    New Seasons Market creates microloan program

    The grocer has introduced a fund for underrepresented business owners with plans to give loans between $5,000 and $25,000.

    By Jessica Dumont • Oct. 14, 2019
  • Kroger laying off hundreds of managers nationwide

    The news comes as the retailer focuses on alternative revenue and cutting $1 billion in annual expenses.

    By Oct. 3, 2019
  • UNFI tempers long-term outlook as it closes 'complicated' fiscal year

    The distributor said it won’t be able to hit its goal of around $28 billion in annual net sales and $900 million in adjusted EBITDA by 2022.

    By Oct. 2, 2019
  • Report: Fairway Market is up for sale again

    The iconic New York City-based grocer, which operates 15 supermarkets and four wine stores, has interest from potential buyers, Bloomberg reported.

    By Krishna Thakker • Sept. 23, 2019
  • Smart cart startup Caper raises $10M

    The startup, which says its AI-equipped shopping carts are a cheaper alternative to cashierless stores, will use the funding to build its team and fulfill its pipeline. 

    By Jessica Dumont • Sept. 12, 2019
  • Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Amazon acquires stake in Indian grocer

    The deal gives the company a 3.58% stake in India's Future Retail, the country's second largest retail chain with more than 1,500 stores. 

    By Jessica Dumont • Aug. 23, 2019
  • Image attribution tooltip
    Jessica Dumont
    Image attribution tooltip

    Grocery Outlet bursts off the starting block

    Its first publicly reported earnings showed strong comps and income growth, with executives confident in the company's future performance and expansion.

    By Jessica Dumont • Aug. 14, 2019
  • Sprouts falls flat on Q2 earnings, but retains optimism

    The company blamed some of its struggles on expanding and maintaining store productivity simultaneously, but hopes to build on strengths including its bulk section and pricing. 

    By Jessica Dumont • Aug. 1, 2019
  • Image attribution tooltip
    Whole Foods
    Image attribution tooltip

    Amazon profits miss as expenses surge

    The e-tailer's retail offerings performed well leading up to Prime Day while physical store sales — the majority of which are Whole Foods — remained flat.

    By Daphne Howland • July 26, 2019
  • Image attribution tooltip
    Wikimedia Commons
    Image attribution tooltip

    Albertsons' new CEO encouraged, wants to elevate performance

    On the company's Q1 earnings call, Vivek Sankaran touted a sixth straight quarterly increase in same-store sales while pointing to the importance of technology and store updates.

    By Jessica Dumont • July 24, 2019
  • Image attribution tooltip
    Grocery Outlet
    Image attribution tooltip

    Analysts are a 'go' for Grocery Outlet stock

    The discount grocer's unique model, stable business performance and memorable shopping experience point to long-term success, according to reports from Jefferies and Cowen.

    By Lauren Manning • July 16, 2019
  • Independent grocery platform Mercato wins new funding

    The e-commerce provider, which serves smaller specialty food retailers, plans to use the capital to expand to new markets.  

    By Lauren Manning • July 3, 2019
  • Kroger earnings stabilize, but long-term prospects remain murky

    The retailer reported same-store sales that were below expectations, and said its alternative revenue streams will contribute $100 million in incremental profit this year.

    By June 20, 2019
  • Image attribution tooltip
    Grocery Outlet
    Image attribution tooltip

    On IPO day, Grocery Outlet's president talks future vision

    The company's stock, which was priced at $22 per share for the initial public offering, roared to life in trading on the Nasdaq Thursday. 

    By Jessica Dumont • June 20, 2019
  • Image attribution tooltip
    Jessica Dumont
    Image attribution tooltip

    Grocery Outlet looks to raise $250M in IPO

    The discount grocer aims to sell 17.2 million shares of common stock priced between $15 and $17 per share.

    By Jessica Dumont • Updated June 10, 2019
  • Image attribution tooltip
    UNFI
    Image attribution tooltip

    UNFI beats earnings expectations as Supervalu integration continues

    The distributor benefited from higher inflation, but its core business remains challenged by the competitive pressures and shifting consumer tastes its retail customers face.

    By June 6, 2019
  • Image attribution tooltip
    Flickr
    Image attribution tooltip

    BJ's sets its sights on grocery

    After shifts to health and beauty, the retailer's CEO Christopher Baldwin said during an earnings call that it plans to double down on the segment, particularly perishable goods. 

    By Lauren Manning • May 24, 2019
  • Meal kit maker Purple Carrot sold to Japanese e-grocer

    The deal includes a $12.8 million upfront payment plus $17 million if Purple Carrot hits unspecified earnings goals over the next three years, according to the companies.

    By May 22, 2019
  • Image attribution tooltip
    SpartanNash
    Image attribution tooltip

    SpartanNash invests $18.3M in Family Fare re-brand

    With two consecutive quarters missing expectations, the grocer-wholesaler is giving the banner a boost with a new look and improved offerings at 18 locations.

    By Jessica Dumont • May 21, 2019
  • Ahold Delhaize reports top- and bottom-line growth

    First-quarter results, which didn't include the impact of the Stop & Shop strikes, saw higher operating margins and net income while online sales rose 25%.

    By Krishna Thakker • May 8, 2019
  • Save-A-Lot reportedly exploring a sale

    According to Reuters, the hard discounter has hired an investment bank to look into an acquisition or outside investment as competition and a large debt load drag the business down.

    By May 7, 2019