Albertsons Remains Bullish Despite Q1 2021 Sales Decline

CEO Vivek Sankaran says company's first-quarter results "exceeded" plans across all key metrics, increasing confidence in the balance of 2021.


The Fresh Market Files for an IPO, Again

The Fresh Market is courting a publicly traded position once again, filing its second IPO with the SEC in the past five years.

As reports confirm the wholesale club is pursuing future expansion in the Hoosier State, the roots of its new building spree were planted five years ago in New Jersey.

By selling more to existing customers, and winning new ones on a comprehensive offering, the wholesaler’s "Fuel the Future” strategy aims at lofty 2024 financial targets and a new CEO who may already be on board.

The retailer said comps cycling last year’s COVID boom dipped less than expected behind execution of new strategy, cost controls and alternative revenue growth; margins slip on sales deleverage.

Despite anticipation that the food-at-home trend would slow as the nation moves further from the pandemic, the fiscal year got off to a better-than-expected start, indicating Kroger was executing its strategy.

The fulfillment software firm said it would use the new funding to grow its platform through new partners and acquisitions.

The growth-minded online bulk retailer is expected to receive $334 million in net proceeds and a public stock listing through a merger with a "blank check" public company.

Officials of the wholesaler were optimistic despite third-quarter revenues falling short of expectations; discuss changing workforce expectations.

The tech company that uses flying cameras to capture shelf data announced $11 million in new funding, including support from the venture arm of the global c-store operator Alimentation Couche-Tard.

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