News

April 21, 2021       In Amazon’s annual shareholders meeting, CEO Jeff Bezos said its Prime service has 200 million subscribers. That is an increase of 50 million new subscribers in roughly a year, less than half the time it took for the Company to h ... Read more
Peyton Radford
April 14, 2021         Southeastern Grocers’ (SEG) sales growth decelerated from earlier periods but remained strong in 4Q, resulting in a just over a 15% increase in full-year comps. The Company previously announced plans to sell 125 stores, incl ... Read more
Peyton Radford
April 7, 2021         At Kroger’s investor event held last Wednesday, management reiterated FY21 guidance for an identical sales decline of 3% – 5% and EPS of $2.75 – $2.95. The Company also outlined plans for shareholder return o ... Read more
Peyton Radford
March 31, 2021         J.C. Penney announced it will close 18 stores on May 16. Management indicated it doesn’t anticipate any additional closures, and its go-forward store count is 672. The Company operated 846 locations when it filed bankruptcy ... Read more
Peyton Radford
March 24, 2021         Dollar General released solid 4Q20 results, a subdued forecast for the FY21 topline, and more details on its aggressive expansion plans. 4Q20 sales rose 17.6%, correlating with a 21% jump in operating income for the quarter. Margi ... Read more
Peyton Radford
March 17, 2021         Amazon Fresh opened a new 40,000 square-foot store in Bloomingdale, IL, marking its fourth location in the state. Amazon Fresh currently operates 11 stores, with the first opening just this past September. It is currently seeking ... Read more
Peyton Radford
March 10, 2021         Sprouts Farmers Market plans to open approximately 20 stores this year, including four new smaller-format units and one relocation. CFO Dave McGlinchey commented, “This year, Sprouts will densify its footprint with more stor ... Read more
Peyton Radford
March 3, 2021         On February 24, private equity group TPG Capital announced the sale of Arden Group’s Gelson’s Markets to Japan-based Pan Pacific International Holdings (PPIH). Terms of the deal, expected to be finalized ... Read more
Peyton Radford
February 24, 2021         Belk, Inc. filed a voluntary prepackaged Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Texas. Currently, the petition is the only document filed in the case. The Company previously provided propo ... Read more
Peyton Radford
February 17, 2021         Aldi plans to open 100 new locations nationwide in 2021 with expansion efforts focused on Arizona, California, Florida and the Northeast. The Company will also break ground on a new regional headquarters and distribution c ... Read more
Peyton Radford

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