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Financials

Technology

Instacart targets IPO price of $26 to $28

By Heather Lalley on Sep. 11, 2023

The grocery tech company is looking to raise up to $616 million in its long-awaited initial public offering.

Kroger

Kroger unveils Albertsons merger divestiture deal with C&S in Q2 report

 By Russell Redman on Sep. 08, 2023

Quarterly loss reflects $1.4 billion charge from nationwide opioid settlement.

Retailers

Costco’s sales pace gets more brisk in August

By Russell Redman on Aug. 31, 2023

After a prior-month uptick, online sales go back on the downside for the wholesale club.

Retailers

Shrink, declining discretionary sales lead to rough Q2 for Dollar General

By Heather Lalley on Aug. 31, 2023

Sales of food and beverages at the discounter rose 6% during the quarter, but operating profit fell 24.2%, and its CEO said he’s “not satisfied” with the performance.

Retailers

There’s a new, looming pressure on consumers: Student loan repayments

By Heather Lalley on Aug. 31, 2023

Aisle 1: Student loans start accruing interest again Friday and, on Oct. 1, payments will once again be due, giving millions of shoppers less money in their wallets.

Technology

Instacart files its long-awaited IPO plans, with PepsiCo as big backer

By Timothy Inklebarger on Aug. 25, 2023

The last-mile delivery company said it has not yet determined how many shares will be offered or what the per-share price will be, but said the drink manufacturer has agreed to purchase $175 million in stock.

Retailers

BJ's sees sales slip in Q2

By Diane Adam on Aug. 22, 2023

Following an historic first quarter, the club-based retailer reported Tuesday that comparable-store sales dipped 5.3% from a year ago.

Retailers

Cencosud primes The Fresh Market for expansion

By Russell Redman on Aug. 21, 2023

More than 20 new stores are slated to be opened over the next two years.

Wholesalers & Distributors

SpartanNash Q2 sales tick up despite wholesale pinch from Amazon Fresh

By Russell Redman on Aug. 17, 2023

Supply chain, merchandising and marketing transformations "continue to gain momentum," CEO Tony Sarsam said.

Walmart

Walmart boosts financial forecast, fueled by continued grocery growth

By Heather Lalley on Aug. 17, 2023

The retail giant’s U.S. comparable sales increased 6.4% during the second quarter. E-commerce grew 24%, led by pickup and delivery, though the segment is still working to become profitable.

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