January 25, 2023
At a recent conference, Whole Foods’ CEO Jason Buechel announced plans to escalate the pace of new store growth and expand to more global markets. The Company is planning to eventually open 30 or more stores a year, and while it currently has ... Read more
January 18, 2023
Albertsons reported favorable 3Q22 results, with comps up 7.9% fueled by inflation. Gross margins eroded due to higher product, shrink and supply chain costs, and lower COVID-related revenue. However, this was more than offset by the stronger sales ... Read more
January 11, 2023
In a January 5 announcement, Bed, Bath & Beyond indicated that “there is substantial doubt about the Companys ability to continue as a going concern.” It further indicated it is evaluating strategic alternatives, “includ ... Read more
January 4, 2023
Published reports indicate that Amazon Fresh has fully built at least seven grocery stores that are currently sitting unoccupied (dubbed “zombie stores”). Unopened stores are located in San Diego, CA, Eden Prairie, MN, Philadelphia, PA, ... Read more
December 21, 2022
Stater Bros. momentum continued in FY22 with estimated sales increasing nearly 10% as the Company benefited from elevated at-home eating, high single-digit grocery inflation, and two new store openings. To differentiate itself from the competiti ... Read more
December 14, 2022
Costco saw its nine-quarter streak of double-digit revenue growth broken with its 1Q23 results. While not up double-digits, it was still respectable, as revenue gained 8% and comps grew 7.1%. Management indicated that inflationary increases ... Read more
December 7, 2022
Claire’s is opening 21 store-in-store locations in Macy’s to diversify its retail footprint. The stores began opening this month and Claire’s will share in the revenue generated by the sales of its products. The Company is insta ... Read more
November 30, 2022
As part of its continued collaboration with retailers and stadiums to equip locations with Just Walk Out technology and Amazon One palm recognition and payment, Amazon opened a store called “Twice Daily” inside Bridgestone Arena i ... Read more
November 23, 2022
Southeastern Grocers is reportedly exploring a sale and is rumored to be in talks with prospective buyers. The Company would not comment, other than to say that it is always reviewing ways to enhance shareholder value and that it has an obligation ... Read more
November 16, 2022
Target opened its first store under its new store strategy and design format outside Houston in Katy, TX. With a 150,000 square-foot layout, the new format is approximately 20,000 square feet larger than the chain average and includes a bigger backroom fulf ... Read more