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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.

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.

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.

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

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

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

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

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

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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