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Financials

Retailers

Sobeys parent Empire sizes up financial hit from cyberattack

 By Russell Redman on Mar. 21, 2023

Impact to third-quarter earnings estimated at $39 billion, but the actual total likely tops $50 million Canadian dollars or about $36.4 million in U.S. currency.

Wholesalers & Distributors

SpartanNash promotes Chief Legal Officer Illeana McAlary

 By Russell Redman on Mar. 20, 2023

The C-suite executive was elevated to the EVP title since joining the distributor over a year ago.

Retailers

Blue Apron CEO sees positive signs amid ‘challenging year’

Mar. 16, 2023

Improved meal ordering and customer metrics, plus operational efficiencies, provide bright spots alongside Q4 revenue decline and net loss.

Retailers

Boxed considers potential bankruptcy filing

By Russell Redman on Mar. 15, 2023

Silicon Valley Bank collapse further squeezes online retailer’s liquidity as it continues to pursue a company sale.

Wholesalers & Distributors

BJ's Q4 brings 'record' gains for the wholesale club

By Diane Adam on Mar. 09, 2023

“2022 was a record year, having surpassed $1 billion in adjusted EBITDA for the first time in the company’s history,” CEO Bob Eddy said Thursday.

Wholesalers & Distributors

UNFI embarks on 'transformation agenda' as stock plunges following Q2 earnings report

By Diane Adam on Mar. 08, 2023

The Providence, Rhode Island-based wholesaler has withdrawn its long-term fiscal year 2024 financial targets citing challenges ahead. UNFI cut its fiscal year 2023 adjusted EPS forecast from $4.85-$5.15 to $3.05-$3.90.

Walmart

Walmart’s future is outside its 4 walls

By Heather Lalley on Mar. 07, 2023

The retail giant on Tuesday said e-commerce, advertising and other revenue streams will surge in importance in the coming years.

Stores

Sprouts Farmers Market to close 11 ‘underperforming’ stores

By Heather Lalley on Mar. 03, 2023

The markets slated for closure are about 30% larger than the grocer’s current prototype. But Sprouts remains in growth mode, with plans to open 30 new locations this year.

Retailers

Costco’s sales growth tapers off in second quarter

By Russell Redman on Mar. 03, 2023

E-commerce sales fell for a second straight quarter as the warehouse club chain wrestles with its discretionary/nondiscretionary merchandise mix.

Topics

Kroger accelerated strategic game plan in 2022, executives say

By Russell Redman on Mar. 02, 2023

CEO Rodney McMullen reports that Albertsons merger negotiations with regulators are on track.

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