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Financials

Retailers

23 Lucky’s Stores Sold in Bankruptcy Auction

Aldi, Publix, Southeastern Grocers gain multiple Florida stores and Dollar General gains a distribution center as estate nets $29 million.

Retailers

Grocery Outlet Eyes a 'Reset to Value'

The abrupt change in consumer behavior and the prospect of a recession that has come along with the pandemic points to encouraging longer-term trends at the extreme food discounter.

Retailers

Target Revises Outlook Due to the Coronavirus

By Kat Martin on Mar. 25, 2020

Store traffic and sales of pantry staples are up across the chain, but the impact of COVID-19 has led the retailer to delay plans for remodels and new stores.

Retailers

Coronavirus Sales Boom Could Be Short-Lived and Costly, Analyst Warns

By Jon Springer on Mar. 16, 2020

Food retailers are seeing explosive sales gains as sales shift from the restaurant channel, but they could soon dissipate and leave a mark on profits, a Barclays report said.

Retailers

How the Coronavirus Infected Albertsons’ IPO

By Jon Springer on Mar. 13, 2020

Basket Economics: Once again, the timing couldn’t be worse for the eternally patient, private equity-controlled retailer.

Retailers

Food Bazaar Owner Makes a Move for Fairway

By Jon Springer on Mar. 12, 2020

On the eve of a bankruptcy auction, Bogopa Service Corp. outbids ShopRite by $5 million and one store.

Wholesalers & Distributors

UNFI Says Coronavirus Sparking Double-Digit Volumes

By Jon Springer on Mar. 11, 2020

The distributor is working hard to meet demand, but suppliers are still catching up, CEO says in second-quarter financial update.

Retailers

ShopRite’s EDLP Strategy Hits Margin Line for Village

By Jon Springer on Mar. 10, 2020

Village Super Market said sales and comps improved in the second quarter, but profits took a shave as “Right Price Promise” reductions roll out.

Retailers

Weis Cites Targeted Promos, Pricing in Q4 Gains

By WGB Staff on Mar. 10, 2020

The expansion of click-and-collect and delivery raised online sales by 115% in the fiscal year, retailer says.

Retailers

Anxious Shoppers Overload Carts at Costco

By Jon Springer on Mar. 06, 2020

Robust Q2 figures are enhanced by heavy volumes as the club store retailer's members stock up on virus prep needs.

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