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David Goodman | Feb 10, 2018 |
Supermarket News

Kroger to sell its 784 convenience stores

Kroger announced last week that it reached an agreement to sell its convenience store business for $2.15 billion to EG Group, a petroleum and convenience store retailer based in Great Britain. The deal includes 784 stores across 18 states. The EG Group plans to continue operating the stores under their current banners (Turkey Hill, Kwik […]
David Goodman | Jan 22, 2018 |
Supermarket News

Walmart to increase hourly wages, expand parental benefits, close 63 Sam's Club stores

Walmart said earlier this month that it plans to increase its starting wage for all hourly workers in the U.S. to $11 per hour , pay a one-time bonus of up to $1,000 to select employees, and expand benefits for parental leave. The increased starting rate is scheduled to become effective in February for all […]
David Goodman | Jan 19, 2018 |
Supermarket News

Kohl's plans to add groceries to select stores

According to reports, Kohl’s is looking for “well capitalized companies” that it can partner with to offer groceries and drive traffic to its stores. Kohl’s has streamlined their offerings in hundreds of stores in recent years, and several of those locations have excess space that can be used to showcase grocery items that draw customers […]
David Goodman | Jan 19, 2018 |
Supermarket News

Kenny Family ShopRites giving bonuses as a result of tax reform

Kenny Family ShopRites, which operates six supermarkets in Delaware, announced earlier this month that as a result of the new tax reform legislation, it would give $150 to 1,000 of its non-management workers, and invest $150,000 in employee training and development. According to President and CEO Christopher Kenny, “Our ability to provide bonuses and training […]
David Goodman | Jan 04, 2018 |
Supermarket News

Is Target next for Amazon?

A former analyst who followed Apple closely and was known for his accuracy in predicting their financial performance over the years made news recently by forecasting that Amazon will buy Target in 2018. “Target is the ideal offline partner for Amazon for two reasons, shared demographic and manageable but comprehensive store count,” said Loup Venture […]
David Goodman | Dec 27, 2017 |
Supermarket News

Discount grocers are getting it right... here's how

Earlier this month Supermarket News listed six reasons that discount grocers continue to grow, and provided the following background. Ten years ago, two-thirds of U.S. shoppers reported that supermarkets were their primary grocery channel, as per the Food Marketing Institute’s 2016 U.S. Grocery Shopping Trends Report. However, in 2016, only 49% of U.S. shoppers said that supermarkets […]
David Goodman | Dec 27, 2017 |
Supermarket News

Report finds that grocery shoppers visit multiple stores

A report from Acosta found that 76% of shoppers visit multiple stores each week for groceries, and most of these consumers shop around to find cheaper products. In addition, 37% visit other stores to ensure they have fresh food, and 33% do so because they can’t find all the brands they like at one location. […]
David Goodman | Dec 27, 2017 |
Supermarket News

Costco online sales up 43.5%

Costco reported earlier this month that its online sales increased 43.5% compared to the same quarter last year, largely due to website improvements, the ability for shoppers to buy items online and pick them up at the store, and the recent launch of new delivery options. In addition, the company reported that it continues to […]
David Goodman | Dec 26, 2017 |
Supermarket News

Wakefern introduces Price Rite Marketplace

The Wakefern Food Corp cooperative launched a rebranding of the Price Rite banner and unveiled its first fully rebranded store under the new Price Rite Marketplace name in Secane, PA last month. According to a story in Supermarket News, the store is brighter and includes new signage, a whitewashed wood backdrop, and various new offerings. […]
David Goodman | Dec 26, 2017 |
Supermarket News

Sprouts willing to acquire or be acquired

Sprouts CEO Amin Maredia said earlier this month that the company is open to acquisition talks, and at the same time is open to purchasing another business. “This is an interesting time to be looking at M&A from both perspectives,” said Maredia. “There’s certainly one element we can control, which is looking for interesting opportunities […]

David Goodman

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