Finances & Deals: Page 5
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LD via Getty Images
FTC files suit to stop Kroger-Albertsons merger
Nine attorneys general have joined the federal court complaint, which claims that the deal would boost grocery prices and hurt workers.
By Sam Silverstein , Jeff Wells • Feb. 26, 2024 -
Courtesy of Walmart
Walmart records grocery gains, improved e-commerce profitability in Q4
The retailer’s U.S. comparable-store sales excluding fuel rose 4% as a softening in general merchandise sales partially offset strength in grocery and health and wellness.
By Catherine Douglas Moran • Feb. 20, 2024 -
Scott Olson via Getty Images
Walmart buys Vizio for $2.3B as retail media race turns to streaming
The deal helps Walmart catch up with Amazon and comes as its U.S. advertising unit grew revenue by 30% in fiscal 2024.
By Peter Adams • Feb. 20, 2024 -
Courtesy of Albertsons
ColumnThe Friday Checkout: Is C&S Wholesale Grocers fit to run assets Kroger, Albertsons want to divest?
The lawsuit brought by Colorado’s attorney general claims that the wholesaler and retailer doesn’t have the experience to run hundreds of stores and several more private brands.
By Grocery Dive Staff • Feb. 16, 2024 -
Jessica Dumont/Grocery Dive
Grocery Outlet snaps up discount grocery chain for $62M
The purchase of 40 United Grocery Outlet stores and a distribution center will extend Grocery Outlet’s presence in the Southeast.
By Catherine Douglas Moran • Feb. 16, 2024 -
Courtesy of HelloFresh
HelloFresh to offer discounted meal kits to Cigna Healthcare members
The tie-up aims to make HelloFresh meal kits available as “a healthcare benefit” as consumers turn to food retailers for health and wellness guidance.
By Peyton Bigora • Feb. 15, 2024 -
Courtesy of Instacart
Instacart reports strong Q4, highlights investments in customer incentives
The company says it has overhauled its discount and promotion strategy to help reactivate existing users and attract new ones.
By Catherine Douglas Moran • Feb. 14, 2024 -
Brandon Bell via Getty Images
Kroger promises to lower prices following merger with Albertsons
This is the grocer’s latest pledge as it looks to ease public concerns regarding the pending deal.
By Peyton Bigora • Feb. 14, 2024 -
Courtesy of Kroger
ColumnThe Friday Checkout: Kroger’s CFO left for a rival. What does that say about its merger with Albertsons?
Gary Millerchip jumped suddenly to Costco even as the blockbuster deal he helped engineer remains up in the air.
By Grocery Dive Staff • Feb. 9, 2024 -
Retrieved from Jow on February 07, 2024
How a Kroger meal planning partner aims to boost grocers’ e-commerce profitability with shoppable recipes
After working with the grocery giant for more than a year, French startup Jow is using $13 million in new capital to expand its U.S. presence, its CEO said.
By Catherine Douglas Moran • Feb. 7, 2024 -
Permission granted by Walmart
Walmart announces 3-for-1 stock split
The retailer said the move, the 12th in its history, will keep share purchase prices within reach for associates.
By Nate Delesline III • Jan. 31, 2024 -
Courtesy of Kroger
UFCW steps up efforts to stop Kroger-Albertsons merger
In a press conference on Friday, the union pushed back on claims made by the grocers and raised concerns about C&S Wholesale Grocers taking on divested stores.
By Peyton Bigora • Jan. 29, 2024 -
Retrieved from Fresco y Más on January 26, 2024
Southeastern Grocers completes sale of Fresco y Más
The divestiture is linked to a broader plan the grocery company announced last summer to ultimately exit the supermarket business.
By Sam Silverstein • Jan. 26, 2024 -
Courtesy of Kroger
Kroger-Albertsons merger
Kroger and Albertsons delay merger timeline
The supermarket companies, which now expect to combine by mid-2024, are also facing an effort by Washington state’s attorney general to block the deal.
By Sam Silverstein • Jan. 16, 2024 -
Courtesy of Kroger
Kroger, private equity firm join forces to invest in emerging CPG brands
The grocer is participating in the new venture, known as MPearlRock, through its 84.51° retail analytics unit.
By Sam Silverstein • Jan. 12, 2024 -
Maks_Lab via Getty Images
Tech firms Stor.ai and Mercatus to merge
Stor.ai’s parent company Relationshop said the acquisition will offer a unified, personalized and convenient first-party digital shopping experience.
By Catherine Douglas Moran • Jan. 9, 2024 -
Nastassia Samal via Getty Images
11 top grocery M&A deals of 2023
Small and regional grocers have been busy joining forces this year while Kroger and Albertsons wait for a regulatory decision about their merger.
By Catherine Douglas Moran , Peyton Bigora • Dec. 18, 2023 -
Courtesy of Kroger
Kroger rolls out holiday promotions spanning everything from sushi to fuel points
The grocer has unveiled holiday meal guides that use SNAP-eligible ingredients, ideas for holiday gifting and discount offerings across multiple store sections.
By Peyton Bigora • Dec. 18, 2023 -
Courtesy of Dom's Kitchen & Market
ColumnThe Friday Checkout: Can Dom’s and Foxtrot dance in step with each other?
The Chicago-based retailers are looking to bring together their unique takes on grocery retailing and convenience stores. Will they be able to build a unified persona?
By Grocery Dive Staff • Dec. 1, 2023 -
Retrieved from PFSbrands.
PFSbrands acquires Mid-Missouri grocer Moser’s Foods
The purchase of the company, which operates eight grocery stores and one c-store, is expected to close in March 2025.
By Peyton Bigora • Dec. 1, 2023 -
Courtesy of Kroger
Kroger sees results falter, says planned merger with Albertsons is on track
The grocer’s comparable store sales slipped into negative territory during the third quarter even as the company returned to profitability.
By Sam Silverstein • Nov. 30, 2023 -
Kaarin Vembar/Grocery Dive
Walmart records grocery gains in Q3 but feels inflationary heat
The retailer is working to lower food prices to help consumers spend more on general merchandise as the holidays near, executives told investors.
By Catherine Douglas Moran • Nov. 16, 2023 -
CFO Editorial Staff
ColumnThe Friday Checkout: Instacart’s $2.6B payout
The company beat the Street in its first earnings report, but all the stock-based compensation it had piled up swung it to a loss.
By Grocery Dive Staff • Nov. 10, 2023 -
Permission granted by Food Lion
Ahold Delhaize’s results lose steam
The grocer’s comparable sales, net sales, operating income and online sales all lost momentum year over year during the third quarter.
By Sam Silverstein • Nov. 9, 2023 -
Sam Silverstein/Grocery Dive
Instacart posts strong results in first earnings report since public market debut
For its third quarter, the company recorded $764 million in revenue, up 14% year over year, and a net loss of $2 billion mainly due to stock-based compensation tied to its IPO.
By Catherine Douglas Moran • Nov. 8, 2023
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