Finances & Deals: Page 5

Simbe Robotics raises $28M as it aims to bring its aisle-scanning tech to more retailers

The startup, which works with retailers including Schnucks, SpartanNash and BJ’s Wholesale Club, plans to tap the funds to help retailers leverage shopper data, co-founder and CEO Brad Bogolea said.

By Sam Silverstein • July 13, 2023

Brookshire Grocery prescribes a sale for most of its pharmacies

The Texas-based grocer has agreed to sell all of its 120 pharmacies in Texas, Louisiana and Arkansas to Walgreens, but will hold onto pharmacies in stores it operates under its Reasor’s banner in Oklahoma.

By Sam Silverstein • July 11, 2023

El Rancho Supermercado bought by Heritage Grocers Group

The deal brings the 28-store ethnic supermarket chain under common ownership with specialty grocers Cardenas Markets and Tony's Fresh Market.

By Sam Silverstein • June 29, 2023

Dollar Tree is rolling out groceries priced up to $5

At its annual investor conference last week, the discount retailer said it’s introducing higher-priced goods in categories like bread, ice cream and general merchandise at thousands of stores.

By Peyton Bigora • June 28, 2023

The Friday Checkout: Is Kroger’s uninspiring Q1 a red flag for the grocery giant?

While the grocer’s CEO projected confidence about the company’s future, the sour reaction from investors could be a sign that they think a bumpy ride is in store.

By Huzad Staff • June 16, 2023

Dollar General cuts guidance, shareholders OK safety audit

The retailer also plans to slow the opening pace of its PopShelf stores this year.

By Nate Delesline III • June 1, 2023

Aldi says its latest price cuts will save shoppers more than $60M

The summer promotion reduces the cost of more than 250 items as grocers continue to find ways to support shoppers impacted by inflation.

By Peyton Bigora • May 26, 2023

Walmart captures nearly 26% of SNAP grocery dollars

Kroger, which has the second highest share, accounts for 8.4% of yearly SNAP spending, while Albertsons sees 5.9%, according to data from Numerator.

By Peyton Bigora • May 19, 2023

Target expects $500M profit hit due to theft

The retailer is implementing additional preventive measures in stores, but expects a major impact to its bottom line if theft and organized retail crime trends continue.

By Peyton Bigora • May 18, 2023

Blue Apron strikes $50M deal to transition to ‘asset-light’ model

The meal kit maker plans to transfer fulfillment centers, equipment, expertise and an undisclosed number of employees to FreshRealm, which supplies fresh meals to retailers.

By Sam Silverstein • May 16, 2023

Ahold Delhaize sees strong US Q1 results with omnichannel, remodeling efforts

The Dutch grocer is continuing to grow its market share stateside, where it saw a nearly 12% increase in online sales, executives told investors Wednesday.

By Catherine Douglas Moran • May 11, 2023

Grocery Outlet revises full-year outlook after robust Q1

Following a strong first quarter driven by same-store sales results and gross margin expansion, the grocer is bolstering its forecast for fiscal year 2023.

By Peyton Bigora • May 11, 2023

HelloFresh hits new quarterly revenue high

For its North American segment in Q1, the meal kit company’s average order value and orders per customer were up year-over-year while its number of orders and customer growth slipped.

By Catherine Douglas Moran • April 27, 2023

Walmart+ offering 20K free memberships for Mother’s Day promotion

The retailer also cut the price of its membership in half ahead of the holiday season to entice more shoppers to join.

By Nate Delesline III • April 25, 2023

Grocers launch new SNAP benefits

Eligible Giant Food shoppers in Baltimore will receive a $15 promo code for online produce orders, while Harvest Market in Northern California is participating in a health food program.

By Peyton Bigora • April 18, 2023

Coborn’s to buy Sullivan’s Foods

The company’s deal to acquire the 11-store chain will mark the Minneapolis-based retailer’s expansion to Illinois and brings its store count to 77 locations in six states.

By Sam Silverstein • April 17, 2023

Boxed files for Chapter 11 bankruptcy

The company intends to sell its software business while it winds down retail operations over the next several weeks.

By Jeff Wells • April 3, 2023

Sprouts acquires two stores in Southern California

The Phoenix-based grocer purchased two independently owned locations bearing its name in Chula Vista, California.

By Catherine Douglas Moran • March 21, 2023

Boxed considers filing for bankruptcy

The e-commerce company, which sells bulk-sized pantry items and runs a fresh grocery delivery business in the New York City area, is facing tension with lenders amid a tightening cash position.

By Sam Silverstein • March 16, 2023

What grocery execs are saying about inflation and consumer behavior

During their most recent earnings calls, leaders at Kroger, Ahold Delhaize and other companies discussed shoppers’ price concerns and how inflation is moderating unevenly across categories.

By Sam Silverstein , Peyton Bigora • March 14, 2023

Meijer and Flashfood expand tie-up to include SNAP payments

The Midwestern grocer is the first of the food waste solution company’s partners to make the payment method accessible on the company’s app.

By Peyton Bigora • March 14, 2023

States are looking to cut their grocery taxes. Here’s what that means for grocers.

The taxes not only disproportionately impact lower-income shoppers but can also influence where they buy food and distract from retail differentiation strategies, said Andy Harig with the Food Industry Association.

By Catherine Douglas Moran • March 13, 2023

UNFI’s profits plunge as sales hit a record

The grocery retailer and wholesaler has slashed its outlook for fiscal year 2023 and is implementing a “transformation agenda” to improve its performance, CEO Sandy Douglas said during an earnings call Wednesday.

By Sam Silverstein • March 8, 2023

The Friday Checkout: Private brands shine in grocery earnings

The CEOs of Sprouts, Kroger and Dollar Tree recently told investors they plan to expand their store brands, noting their private label lines are resonating with inflation-weary consumers.

By Huzad Staff • March 3, 2023

Sprouts accelerates rollout of smaller stores

The retailer plans to open at least 30 locations in 2023, all of which will be based on its newer format, and to close 11 larger ones based on its legacy design, executives said Thursday.

By Sam Silverstein • March 3, 2023