Albertsons Files for IPO, Shows Sales Growth
“We are proud of the progress we have made over the past few years, and believe we have a long runway for growth ahead of us."
Apollo Adds French Stores to Grocery Assets
The $529 million acquisition of 32 stores from Casino Group comes less than a week after the private-equity firm bought Smart & Final.
Kroger Shares Soar on Big Q1 Earnings Beat
The grocery store chain says its Restock Kroger plan has gotten off to a "fantastic start," with digital sales, a key focus, up 66% in the first quarter.
Amazon Looms Over Albertsons-Rite Aid Deal
The grocery store operator and the drugstore chain are combining to create a retailer with 4,350 pharmacy counters and $83 billion in annual revenue.
Kroger Profit Slips 8% Amid Discounting War
Same-store sales were up 0.7% in Q2 and Kroger's price cuts "have helped the grocer grow its market share in a very competitive environment."
Whole Foods Appoints New CFO, Directors
Under pressure from investors, the grocer is attempting to rebound from seven consecutive quarters of declining same-store sales.
Supervalu Buys Unified to Expand Wholesaling
Unified Grocers gives Supervalu a significant West Coast presence as it continues its shift away from retailing.
Whole Foods Same-Store Sales Slide 2.4% in Q1
The grocer's sixth straight quarterly decline reflects competition from conventional chains offering organic foods at lower prices.
Supervalu Sells Save-A-Lot Chain for $1.37B
The sale to Canadian private equity firm Onex Corp. will allow Supervalu to focus on its slower-growing grocery wholesale business.