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The retailer said U.S. comps improved by 3.4% led by fresh food and private label.
The retailer is partnering with a private investment firm to identify and grow new consumer brands as it transforms "from grocer to growth company."
With discounting a "new normal," the extreme value retailer eyes 10% annual store growth in ambitious IPO filing.
Although sales growth remains on plan, a cut-fruit recall, foodservice losses and struggling retail stores dim outlook for distributor.
The retailer said profits increased along with sales, and that property deals contributed to higher earnings.
Frans Muller said it was a "pity" that workers walked off because the agreement ultimately met the company's goal of containing costs; will invest to to win shoppers back.
The struggling discounter could sell all or part of itself to address debts amid transformation.
The retailer said a focus on core natural food shoppers drove higher sales in quarter, despite trips declining.
The retailer said Q1 comps were slightly below plan as weather issues reduced produce availability. Plus, search for a new CEO continues.
The retailer said service initiatives and improved stock conditions helped sales but slow inflation prevented expense leverage.
The grocery industry leadership awards program recognizes 45 emerging and established leaders in the retail bakery, deli, foodservice and dairy sectors.
WGB and BrandSpark collaborated for the third annual Most Trusted U.S. Food Retailers market study to identify the retailers that are capturing the highest affinity among shoppers from coast to coast.
Listen in to WGB’s flagship podcast, 10 Items or Less, featuring insights from retailers and industry professionals.
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