Financials

Retailers

Kroger Delivers an Upbeat Update

Three years in, and helped along by pandemic shopping disruption, Rerstock Kroger is meeting its ambitions, officials say.

Retailers

Wakefern Recaps Eventful Year, Hits $18.3B in Sales

New brands and tech help retail members who "live our purpose," CEO Joe Colalillo said; Neil Falcone named chief financial officer.

Southeastern Grocers, parent to Winn-Dixie and Fresco supermarkets, files for an initial public offering and in so doing offers a peek under the hood of a business that has hit its share of bumps in the road.

Still riding pandemic consumer behavior changes, the retailer believes market is underestimating it.

The veteran executive is returning from retirement to lead the wholesaler, which must overcome multiple recent business setbacks.

The $96.4 million cash offer would acquire 27 stores, which the Albertsons Co. division intends to run under current banners.

The 71st annual Speaks report details growing sales but slowing industry profits in 2019—and major revisions to food retail perception in a pandemic-impacted 2020.

Supermarket prices inflated by 4.1% in September vs. last year, but sequential growth rate slows in five of six major grocery categories, new federal data shows.

A stock warrant in connection to a supply agreement gives Amazon—reportedly on the verge of a major grocery store expansion—the potential to acquire nearly 14% of the food wholesaler for $96 million over time.

Officials say the new funding reflects pandemic performance and values the fast-growing tech company at $17.7 billion.

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