Costco sees start of e-commerce improvement in Q4

CFO Richard Galanti hints that membership fee hike is coming but gives no timeline.

Wholesalers & Distributors

UNFI closes out fiscal 2023 with disappointing 4th quarter

The Q4 net loss was accompanied by lower sales growth, including a 2% decrease in the distributor’s supermarket retail business.

E-commerce sales dipped again in fourth quarter and finished the year down 5.7%.

Grocery distributor enters cooperation agreement with JCP Investment Management to bolster corporate governance and help drive its transformation strategy.

In talks on a Chapter 11 plan, the drug chain has proposed selling or allowing creditors to assume its remaining operations, according to the Wall Street Journal.

Mass chains—and Amazon—have siphoned market share from conventional grocers over the past 20 years, an analysis from Solomon Partners’ Scott Moses revealed.

The grocery tech company surged in early trading but faltered by day’s end, finishing its first day as a public company with a valuation just over $11 billion.

That’s the high end of the grocery tech firm’s range, bringing in $660 million during the company’s Wall Street debut.

Executives cited expansion of Voilà online grocery delivery business and Scene+ loyalty program.

The updated share price also increases the delivery tech company's valuation to $9.3 billion to $9.9 billion as it now seeks to raise up to $660 million in its initial public offering.

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