Finances & Deals: Page 2
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Courtesy of Kroger
Kroger reports sluggish results as merger decision looms
The grocer’s sales were flat during the second quarter, but it returned to profitability after posting a loss during the same period a year ago.
By Sam Silverstein • Sept. 12, 2024 -
Brandon Bell via Getty Images
As the clock ticks on the Kroger-Albertsons merger, the stakes for the grocers are rising, analysts say
“The opportunity cost of pursuing the merger over the past two years has been enormous for Kroger,” one business strategy expert said.
By Sam Silverstein • Sept. 10, 2024 -
Courtesy of Albertsons
ColumnThe Friday Checkout: How strong can C&S be without Safeway?
In a letter that surfaced during the federal Kroger-Albertsons merger trial, C&S told the FTC it would be able to “compete more effectively” if the grocers divest a stronger banner.
By Grocery Dive Staff • Sept. 6, 2024 -
Catherine Douglas Moran/Grocery Dive
More than 47M people live in food-insecure households, USDA reports
More than 13% of U.S. households were food insecure in 2023, a slight uptick from the year before and a significant increase compared to 2020.
By Peyton Bigora • Sept. 6, 2024 -
Courtesy of Kroger
Curtain rises on Kroger and Albertsons’ court fight with the FTC
As the grocers get set to battle regulators before a judge, Kroger said assets it and Albertsons propose divesting would have generated about $21 billion in sales during the year that ended Feb. 3.
By Sam Silverstein • Aug. 26, 2024 -
PierreDesrosiers via Getty Images
Kroger says FTC’s effort to block merger with Albertsons is unconstitutional
The grocer claims the agency’s administrative proceeding alongside its federal lawsuit challenging the deal is “an inappropriate attempt to receive multiple opportunities to litigate the same issues.”
By Catherine Douglas Moran , Sam Silverstein • Updated Aug. 19, 2024 -
Retrieved from GetGo website.
Giant Eagle to sell c-store arm to Couche-Tard
The deal, for an undisclosed amount, includes the grocer’s 270 convenience stores spread across Pennsylvania, Ohio, West Virginia, Maryland and Indiana.
By Brett Dworski • Aug. 19, 2024 -
Courtesy of Kroger
Kroger pledges to double price cuts to $1B after Albertsons merger
The increased investment to lower prices aims to help sweeten the deal as the grocery giants grapple with regulators’ concerns.
By Catherine Douglas Moran • Aug. 16, 2024 -
Courtesy of Walmart
Walmart CEO: ‘Food continues to be strong’
The retailer’s U.S. comparable-store sales excluding fuel rose 4% in Q2, with grocery as well as health and wellness sales outpacing general merchandise.
By Catherine Douglas Moran • Aug. 15, 2024 -
Jessica Dumont/Grocery Dive
Grocery Outlet bags $1B in net sales again, names new CIO
As it focuses on boosting value, the discounter has launched its new private label program with the debut of its Simply Go brand.
By Catherine Douglas Moran • Aug. 7, 2024 -
Justin Sullivan via Getty Images
Instacart posts strong Q2 results as it zeroes in on omnichannel
The company’s combination of in-store and online solutions for retailers is “laying the foundation for a massive one-stop-shop, omnichannel retail media network,” CEO Simo Fidji said.
By Catherine Douglas Moran • Aug. 7, 2024 -
Sam Silverstein/Grocery Dive
Ahold Delhaize’s US sales sag again
The grocer reported Wednesday that its net, comp-store and digital sales all declined during the company’s second quarter.
By Catherine Douglas Moran • Aug. 7, 2024 -
Lee Lawson via iStock
Sponsored by Catania OilsFighting shrinkflation: A case study in packaging optimization
How does a private label manage rising costs without shrinkflation? Packaging optimization.
Aug. 5, 2024 -
Retrieved from Business Wire.
Sprouts reports strong Q2 results
Same-store sales growth continues to drive performance for the specialty grocer.
By Peyton Bigora • July 30, 2024 -
Courtesy of Kroger
Kroger and Albertsons merger temporarily halted by Colorado judge
The grocers have agreed not to close their deal until after a state court rules on a lawsuit brought by Colorado’s attorney general aiming to stop their combination.
By Catherine Douglas Moran , Sam Silverstein • Updated July 25, 2024 -
Catherine Douglas Moran/Grocery Dive
Albertsons sees sluggish growth in Q1
The grocer’s identical sales growth came in just above 1% while its net income dropped by 42%.
By Catherine Douglas Moran • July 23, 2024 -
Sam Silverstein/Grocery Dive
Kroger, Albertsons disclose list of assets set for divestment
The grocers are publicly sharing the exact locations of the supermarkets and distribution centers they want to offload to C&S Wholesale Grocers in a bid to assuage antitrust concerns.
By Catherine Douglas Moran , Sam Silverstein • Updated July 10, 2024 -
Courtesy of Meijer
Meijer doubles milk discount for SNAP participants
Customers who use SNAP can now receive 40% off any brand or size of 1% or fat free milk purchased in-store or online, building on the grocer’s efforts to expand access to healthy foods.
By Peyton Bigora • July 3, 2024 -
Courtesy of Balls Food Stores
Balls Food Stores transfers company ownership to workers
The Midwest chain said the move builds on its legacy of “creating a teammate-centric culture.”
By Catherine Douglas Moran • July 2, 2024 -
vgajic via Getty Images
Grocers look to turn down inflation heat this July Fourth
Kroger and Walmart are among the retailers dishing out savings to help shoppers enjoy the holiday while staying on budget.
By Peyton Bigora • July 2, 2024 -
Courtesy of The Save Mart Companies
The Save Mart Companies acquired by Canadian conglomerate
The Jim Pattison Group has purchased the West Coast supermarket company, which was owned by a private equity firm for two years.
By Catherine Douglas Moran • June 28, 2024 -
Courtesy of Kroger
Kroger’s sales inch forward as it stays focused on merging with Albertsons
The grocer’s same-store and overall sales were both ahead by less than 1% in Q1 as the company recorded a “solid start” to the year, said Chairman and CEO Rodney McMullen.
By Sam Silverstein • June 20, 2024 -
Courtesy of Schnucks
Schnucks ramps up personalization of its rewards program
The Midwestern grocer introduced new app features that allow members to unlock more offers from coupons to free donuts.
By Peyton Bigora • June 14, 2024 -
Courtesy of SpartanNash
How different generations shop private label
While older generations buy more private label goods across more categories, younger consumers are determining where they shop based on store brands, according to new research.
By Peyton Bigora • June 6, 2024 -
Catherine Douglas Moran/Grocery Dive
Illinois set to end grocery tax
Legislators have approved a state budget for 2025 that eliminates the 1% tax, paving the way for Gov. J.B. Pritzker to sign it into law.
By Sam Silverstein • May 30, 2024
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