Finances & Deals: Page 23


  • Energy savings are freeing up investment capital for grocers

    More grocers are implementing LED lighting, thermal energy storage and other green technologies to reduce their carbon footprints and save money. 

    By Alicia Kelso • Aug. 20, 2018
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    SpartanNash
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    SpartanNash ramps up online ordering to alleviate sliding retail business

    Continued growth in the company's distribution unit helped offset impact from a recall of its Caito Foods' fresh-cut produce and lagging sales. 

    By Alicia Kelso • Aug. 17, 2018
  • In the battle for grocery dominance, Walmart takes the upper hand

    The mega-retailer's recent earnings showed it captures a quarter of the entire food market. No other entity even comes close.

    By Jessica Dumont • Aug. 17, 2018
  • Fresh foods and e-commerce boost Walmart's strong earnings

    Riding an increase in consumer spending, the retail giant posted its strongest grocery comps in nine years, while online sales grew 40%.

    By Corinne Ruff • Aug. 16, 2018
  • Full Harvest secures $8.5M to sell imperfect produce

    The company, which helps farmers distribute flawed or excess fruits and vegetables, will use this latest funding round to expand its operations. 

    By Jessica Dumont • Aug. 16, 2018
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    Wikimedia Commons
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    Kroger chops prices in Wisconsin stores

    The company lowered costs for thousands of items at Pick n' Save, Metro Market and Copps stores, attempting to hold onto its lead in the state.

    By Krishna Thakker • Aug. 15, 2018
  • HelloFresh won't break even until 2019

    The German meal-kit provider will instead use profits to expand its offerings and continue boosting its customer count.

    By Krishna Thakker • Aug. 14, 2018
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    Christopher Doering
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    Ahold Delhaize will leverage Peapod to grow e-commerce

    During the company’s most recent earnings report, U.S. online sales grew just 7.7%, versus the industry average of 25%. 

    By Alicia Kelso • Aug. 13, 2018
  • Albertsons and Rite Aid cancel merger amid shareholder opposition

    The $24 billion deal was criticized by investors and advisory firms as undervaluing the drug store chain, with the owner of Safeway and its namesake grocery unwilling to raise its offer.

    By Aug. 9, 2018
  • Ahold Delhaize hits earnings expectations, but US sales struggle

    Competition has challenged banners such as Stop & Shop, but the Dutch company plans to fight back with digital innovation and store updates.

    By Aug. 8, 2018
  • Kroger considers sale of Turkey Hill business

    Offloading the popular ice cream brand could help the grocer pay off debt and free up funds to invest in becoming the next e-commerce giant.

    By Jessica Dumont • Aug. 8, 2018
  • Good Catch Foods makes a splash with $8.7M investment

    The company uses a six-bean blend to create faux seafood products like fish-free tuna and crab-free cakes. 

    By Patti Zarling • Aug. 8, 2018
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    Wikimedia Commons
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    Albertsons-Rite Aid merger faces headwinds ahead of Thursday vote

    Two advisory firms have come out against the deal, and this week the drug store chain lowered its profitability guidance for the year — an "unusual" move, according to one analyst.

    By Aug. 7, 2018
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    Wikimedia Commons
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    Albertsons joins forces with venture capital firm to invest in emerging technologies

    The grocer has partnered with Greycroft to create a $50 million fund that will be used for the company's digital transformation.

    By Jessica Dumont • Aug. 3, 2018
  • Kroger buys real estate to get Lucky's in Florida

    Rather than go head-to-head with Publix on its home turf, the grocer is helping bankroll a promising upstart that attracts consumers looking for natural, organic and private label groceries.

    By Alicia Kelso • Aug. 2, 2018
  • Expansions, real estate deals boost Publix Q2 earnings

    The Florida-based grocer capitalized on its renowned customer service while expanding, helping the company post a 24.5% jump in net earnings.

    By Krishna Thakker • Aug. 2, 2018
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    Blue Apron Facebook
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    Blue Apron posts loss as customer count falls 24%

    The meal kit maker's CEO called 2018 "a year of transition" as the company grapples with higher marketing costs, fewer users of the platform and challenges reaching profitability. 

    By Krishna Thakker • Aug. 2, 2018
  • Three startups secure a total of $350M to challenge traditional players in food and beverage space

    Brandless, Bulletproof and Apeel each announced new funding this week, which they will use to extend their footprints and technology. 

    By Alicia Kelso • Aug. 1, 2018
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    Walmart
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    Report: Online grocery reaches 5.5% of total sales

    Regular shoppers have accounted for much of the recent growth, according to Brick Meets Click, which noted that supermarkets are well-positioned to capture future e-commerce sales. 

    By Jessica Dumont • Aug. 1, 2018