Instacart targets IPO price of $26 to $28

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


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

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

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

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.

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.

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.

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

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

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

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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