Finances & Deals: Page 6
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Column
The 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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
Column
The 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 -
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 -
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 -
Column
The 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 -
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 -
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 -
Ahold Delhaize USA selling FreshDirect to Getir
The food retail giant said it is offloading the grocery e-commerce service to focus on omnichannel.
By Catherine Douglas Moran , Sam Silverstein , Jeff Wells • Nov. 8, 2023 -
Retrieved from Sprouts Farmers Market on March 20, 2023
Sprouts revises 2024 store count expansion plans
The specialty grocer plans to open 35 new locations next year rather than 40, the company’s CFO said Tuesday during an earnings call.
By Peyton Bigora • Nov. 1, 2023 -
Column
The Friday Checkout: Kroger’s retail media business breaks new ground
The grocery giant plans to measure carbon emissions linked to offsite media campaigns and launch a programmatic offering amid an increasingly competitive retail media landscape.
By Grocery Dive Staff • Oct. 20, 2023 -
Retrieved from Walmart.
Walmart aims to take inflation off the Thanksgiving table
The retailer’s two meal bundles match 2021 prices and provide customers with essential ingredients or convenient ready-to-bake goods.
By Peyton Bigora • Oct. 19, 2023 -
Deep Dive
What’s ahead in grocery M&A?
Kroger and Albertsons’ proposed mega-merger has prompted players in the industry to explore ways to work together, analysts and observers say.
By Catherine Douglas Moran , Sam Silverstein • Oct. 18, 2023 -
Albertsons results soften as headwinds persist
The grocer reported Tuesday that sales growth, same-store sales, net income and adjusted EBITDA all lost steam during the second quarter.
By Sam Silverstein • Oct. 17, 2023 -
Rite Aid files for Chapter 11 bankruptcy, names new CEO
The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.
By Nate Delesline III • Oct. 16, 2023 -
Canada’s five largest grocery chains pledge to stabilize food prices
Metro, Loblaws, Sobeys, Walmart and Costco made initial commitments after recently meeting with the country’s minister of innovation, science and industry.
By Peyton Bigora • Oct. 9, 2023