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CEO Doug McMillon eyes "a whole other gear" to spark bigger, more profitable e-commerce baskets.
The noted investor's Berkshire Hathaway reveals it spent $550M to acquire 19 million shares.
The e-commerce operation, which operated with little competition for the better part of two decades, will refocus on East Coast supermarket brands as food delivery takes on a new contours.
The retailer's U.S. comps grew by 2.3%—and online sales by nearly 43%—justifying a focus on bricks with clicks.
The online shop built around multiple consumer and retail trends couldn't overcome cost challenges and competition despite heavy funding.
Sales and comps increased on higher rings and a small increase in traffic during the holiday period.
Bankruptcy filing details talks with a potential suitor that died over the weekend, leading to the retailer's sudden liquidation.
After a sale effort proved unsuccessful, the beleaguered natural foods retailer seeks to raise funds for creditors through inventory and asset blowouts while minimizing additional obligations.
The pioneering natural and organic chain said competition, debts and a fruitless search for buyers impeded the company’s progress.
The online giant described free Prime delivery as a test, but customers are voting affirmatively.
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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