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David Goodman | Oct 19, 2016 |
Supermarket News

Albertsons' IPO plans at a standstill

Albertsons‘ IPO plans have been halted again, this time due to price deflation that has affected sales and earnings across the supermarket industry. Albertsons (Acme, Albertsons, Safeway, Vons and several others) originally proposed a public offering a year ago, but postponed it when Walmart’s announcement about earnings pressure prompted an industry-wide drop in valuations. Analysts […]
David Goodman | Oct 19, 2016 |
Supermarket News

Lidl's next US target is Texas

German discount grocer Lidl, which is well on its way to opening about 100 stores on the East Coast in 2018, confirmed last Friday to Supermarket News that it also plans to expand into Texas. The move is seen as confirmation that the company is targeting competitive grocery markets, as Houston and Dallas are among the […]
David Goodman | Oct 19, 2016 |
Supermarket News

Private equity firm to buy Save-A-Lot for $1.365 billion

Supervalu announced yesterday that it has entered into an agreement with private equity firm Onex Corp. to sell Save-A-Lot for $1.365 billion. The deal is expected to close by January 31, 2017. Supervalu and Onex also announced that they have entered into a five-year agreement where Supervalu would continue to provide support for Save-A-Lot, including merchandising technology, […]
David Goodman | Oct 03, 2016 |
Supermarket News

Canadian private equity firm said to be leading bidder for Save-A-Lot

On Friday published reports indicated that Onex, a Toronto-based private equity firm, is the leading bidder to purchase Save-A-Lot from Supervalu. An auction is underway to find a buyer. Prior to the auction, Supervalu had planned to spin off the discount grocer into a publicly traded company controlled by Supervalu shareholders.
David Goodman | Sep 27, 2016 |
Supermarket News

Albertsons banners - including Acme - to expand e-commerce

On the heels of a recent analyst report recommending that food retailers slow their e-commerce efforts, MyWebGrocer announced that several Albertsons banners – including Acme – plan to add “click-and-collect” and delivery service on its platform. Albertsons has used MyWebGrocer’s software since 2012 for online shopping lists and circulars. A report released earlier this month […]
David Goodman | Sep 27, 2016 |
Supermarket News

Study concludes that food retailers should focus on families, not e-commerce or millennials

A study on food and beverage buying released earlier this month by Tabs Analytics concluded that food retailers should slow their investments in e-commerce and on millennials, and focus instead on old-fashioned promotional spending at stores and on marketing to households with children. The study included 1,000 geographically and demographically dispersed consumers between 18 and […]
David Goodman | Sep 12, 2016 |
Supermarket News

Target adding grocery employees, pushing to boost food sales

The Wall Street Journal reported last week that Target stores across the U.S. will soon have teams of employees working exclusively in their grocery sections. The change is part of a plan to improve the company’s grocery revenue, which currently accounts for about 20% of the retailer’s business. Last March Target announced it would cut […]
David Goodman | Sep 12, 2016 |
Supermarket News

Whole Foods hoping to boost sales with coupons and loyalty program

With traffic and sales falling at Whole Foods due to competition from food retailers selling natural and organic products at lower prices, the company has started to offer discounts and began rolling out a customer loyalty program. The discounts come in the form of digital coupons available on the Whole Foods mobile app, and company […]
David Goodman | Sep 12, 2016 |
Supermarket News

Lidl adds third U.S. distribution site

Lidl, which has been acquiring supermarket sites up and down the east coast for the last couple years, said last month it would build a regional distribution center in Cecil County, Maryland. The site will be the company’s third such center in the U.S. Lidl previously announced it would build warehouses in Fredericksburg, VA and […]
David Goodman | Sep 12, 2016 |
Supermarket News

Dollar General acquires 41 Walmart Express stores

Dollar General announced this summer that it purchased 41 former Walmart Express stores and would relocate 40 existing stores to these sites this fall. Walmart Express was the small format concept that Walmart abandoned last year. At 12,000 – 16,000 square feet, they are significantly larger than traditional Dollar General stores, so the sites will […]

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