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Financials

Retailers

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.

Retailers

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.

Retailers

Off to the Races: BJ's Wholesale Eyes Indiana Debut

By Jon Springer on Jun. 29, 2021

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.

Wholesalers & Distributors

UNFI Sets Ambitious Strategy: ‘We Want To Be a True Leader’

By Jon Springer on Jun. 25, 2021

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.

Retailers

Kroger Beats Expectations in Q1; Full-Year Guidance Raised

By Jon Springer on Jun. 17, 2021

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.

Retailers

Strong Execution Brightens Kroger's Outlook in 'Time of Transition'

By Jon Springer on Jun. 17, 2021

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.

Technology

Last-Mile Software Firm Bringg Collects $100M in New Funding

By WGB Staff on Jun. 16, 2021

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

Retailers

Boxed Going Public in Seven Oaks SPAC Deal

By Jon Springer on Jun. 14, 2021

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.

Wholesalers & Distributors

UNFI Officials Optimistic Amid Labor and Freight Questions

By Jon Springer on Jun. 09, 2021

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

Technology

Pensa Lands New Funding, In-Store Deployment, From Circle K

By Jon Springer on Jun. 08, 2021

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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