Grocery Outlet's Q2 Exceeds Expectations Despite Profitability Drop
Grocery Outlet Holding Corp. has reported an unexpected uptick in gross margins for the second quarter ending June 29, despite a noted decline in profitability. With a gross margin of 30.9%, down 140 basis points from the previous year, this…
Logging ‘Solid’ Q2, Ahold Delhaize Looks to New Strategy for Continued Growth
In its second quarter, Ahold Delhaize reported a solid performance, achieving group net sales of €22.3 billion (USD $24.3 billion), reflecting a 0.7% increase at constant exchange rates and 1.2% growth at actual rates. This growth was encouraged by comparable…
Kroger Names New Mid-Atlantic President
Kroger Names New Mid-Atlantic President Kroger Co. has appointed Kate Mora as the new president of its Mid-Atlantic division, succeeding the retiring Lori Raya. This significant move highlights Kroger’s commitment to leadership and operational excellence in the competitive grocery sector….
IGA Teams With Potatoes USA to Help Grow Baskets
The Independent Grocers Alliance (IGA) is teaming up with Potatoes USA this summer to enhance sales and increase market share for independent grocers. This collaboration is especially significant because potatoes are linked to significantly larger grocery baskets. According to IRI…
VCs crowd deal street on quick commerce, D2C success
In an era characterized by rapid transformation in consumer behavior, new-age brands are redefining their strategies to capture market share on quick commerce platforms. Companies like Blinkit, Zepto, and Instamart have revolutionized the way products reach consumers, creating a fertile…
Online lifestyle market to more than double to $40-45 billion by 2028: report
The future of online fashion retail in India is set for remarkable growth, with a joint report by Bain & Co. and Myntra revealing that online penetration is projected to rise from 13% to an impressive 18.22%. This shift is…
Raley’s Launches Discount Program for Military and 1st Responders
The Raley’s Companies recently introduced an impactful discount program designed to honor military personnel and first responders, along with their families. This initiative offers a 10% discount applicable to both in-store and online purchases. It’s available on the first Tuesday…
Ahold Delhaize USA to Further Digital Media Efficiency, Capabilities
In today’s fast-paced world, businesses must continuously innovate to remain competitive. For entrepreneurs and business leaders, adopting a customer-centric approach can drive significant growth. A prime example is Netflix, which transformed from a DVD rental service to a leading streaming…
Big Lots Closing About 300 Stores; California Takes Big Hit
Big Lots is facing significant challenges, revealing plans to close around 300 stores, primarily impacting California, where 75 of its 109 locations will shut down. In a recent filing with the Securities and Exchange Commission, the retailer indicated it may…
Retailers Weigh In on the Priority of Fresh Foods
Retailers are increasingly prioritizing fresh foods, capitalizing on a growing consumer trend. According to the latest report from FMI – The Food Industry Association, titled “The State of Fresh Foods 2024,” fresh departments contributed 42% of food retailers’ sales in…
