Channel: Grocery Kroger, Albertsons Fire Back At FTC Kroger and Albertsons have argued in separate legal filings that the federal Trade Commission (FTC) is misguided and flat-out wrong in opposing their $24.6 billion merger. Both retailers contend that the FTC, in suggesting that the deal would give the combined companies an unfair competitive advantage, ignores the fact that they would also be competing […] MorningNewsBeat March 18, 2024March 18, 2024 2 min read KrogerGovernmentRegional GroceryAlbertsons / SafewayAssociatesMarketing: In StoreMergersLegal & CriminalCompetitionTargetAmazonDivestituresCostcoBrick and MortarPredictions and ForecastsWalmart 0 Saving Bookmark this article Bookmarked
Channel: Grocery Kroger/Albertsons vs. FTC Court Case Scheduled For Late August Mark your calendars. Set your alarm. August 26, 2024, has been set foe the beginning of the trial that will determine whether the Federal Trade Commission (FTC) will be able to block Kroger’s $24.6 acquisition of Albertsons. The trial will take place in the Us District Court in Portland, Oregon, and is expected to last […] MorningNewsBeat March 12, 2024March 12, 2024 2 min read Albertsons / SafewayRegional GroceryKrogerGovernmentBrick and MortarAssociatesConsumersAcquisitionPredictions and ForecastsCostcoDivestituresC&S Wholesale GrocersAmazonWalmartHoliday & EventsMergersPiggly WigglyUnilever 0 Saving Bookmark this article Bookmarked
Channel: Club Costco Goes For The Silver Fox Business reports that Costco followed up a successful run selling gold bars – it claimed to have sold more than $100 million of them in a single quarter – with a new offering of silver coins. According to the story, “Sold in 25 tubes, the 1-ounce Canada Maple Leaf Silver Coins are priced at […] MorningNewsBeat March 11, 2024March 11, 2024 < 1 min read CostcoInternational - North AmericaPredictions and ForecastsGoogle 0 Saving Bookmark this article Bookmarked
Channel: Club Costco Ventures Into Selling Gold Bars and Silver Coins After locking in loyal $1.50 hot dog-soda customers, Costco is on the hunt for a new market in precious metal collectors and investors. RetailWire March 10, 2024March 10, 2024 < 1 min read CostcoDept. BeverageDept. Pet 0 Saving Bookmark this article Bookmarked
Channel: Club Costco’s secret weapon for reducing delivery times The big box retailer’s delivery speed came up (along with other items) during Costco’s earnings call Q&A Supermarket News March 9, 2024March 9, 2024 < 1 min read DeliveryCostcoResults & Investment 0 Saving Bookmark this article Bookmarked
Corporate Strategy Costco CFO ‘voice’ looks back on 40 years, $1.50 hot dogs and leadership Richard Galanti thought he might spend four years at what was then a retail startup. He ended up staying about four decades. Grocery Dive March 8, 2024March 8, 2024 < 1 min read ExecutivesCostco 0 Saving Bookmark this article Bookmarked
Channel: Club Costco posts 5.7% net sales gain in second quarter ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales of $57.33 billion for the second quarter of its 2024 fiscal year, an increase of 5.7% from the $54.24 billion posted in the same quarter last year. Net sales for the first 24 weeks increased 5.9%, to $114.05 billion, from $107.68 billion last year. The company […] MMR March 8, 2024March 8, 2024 < 1 min read CostcoPredictions and ForecastsResults & InvestmentOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Channel: Club Costco sales did not clear the high bar, but other financials move in the right direction The quarter wasn’t thesis-changing to the powerful Costco business model that excels in all seasons. CNBC March 8, 2024March 8, 2024 < 1 min read Costco 0 Saving Bookmark this article Bookmarked
Channel: Club Costco misses holiday-quarter revenue expectations despite online growth E-commerce sales grew 18.4% in the quarter compared with the year earlier. CNBC March 8, 2024March 8, 2024 < 1 min read Holiday & EventsCostco 0 Saving Bookmark this article Bookmarked
Corporate Finance Costco holds its financial momentum Retailer has strong second quarter; year also off to great start Supermarket News March 8, 2024March 8, 2024 < 1 min read Results & InvestmentCostco 0 Saving Bookmark this article Bookmarked
Corporate Finance What to watch for when Costco and Broadcom report earnings after the close The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. CNBC March 7, 2024March 7, 2024 < 1 min read Results & InvestmentCostco 0 Saving Bookmark this article Bookmarked
Channel: Mass Walmart, Kroger, Costco make top three grocery retailers list Kroger loses market share to Walmart again in Numerator’s annual review of grocery dollars spent Supermarket News March 7, 2024March 7, 2024 < 1 min read WalmartKrogerCostcoInsight Providers 0 Saving Bookmark this article Bookmarked
Data & Insights 4 Key Point-of-Sale Trends for 2024 The point-of-sale (POS) system has always been the one truly indispensable technology for any merchant, large or small. The centrality of the POS has led both retailers and solution providers to integrate it with other fundamental operational systems, from inventory and order management to customer relationship management (CRM) and, of course, payments. As if this […] Retail TouchPoints March 2, 2024March 2, 2024 5 min read Technology & InnovationAIShoppersData & InsightsTech: CashierlessPredictions and ForecastsAssociatesMarketing: Direct & PersonalizationMarketing: In StoreCustomer ExperienceBOPISOperations & Supply ChainDept. NonfoodBNPLMarketing: Social MediaCostcoCOVID19WegmansWalmartConsumersTrends: FinanceCryptoGoogleRegional GroceryMarketing: Loyalty & SubscriptionExecutivesPodcasts 0 Saving Bookmark this article Bookmarked
Trends & External Forces Your Views: SSNIPT Blues Got this email from an MNB reader: I believe the final ruling on the merger will come down to who best defines “grocery store” for the courts. If it’s the broader definition that includes WMT, Costco, Dollar General, Target, delivery & remote options, etc., Kroger will prevail. If the 1980s / FTC definition of […] MorningNewsBeat March 1, 2024March 1, 2024 2 min read MergersGovernmentRegional GroceryBrick and MortarKrogerAlbertsons / SafewayCompetitionLegal & CriminalDollar GeneralRestaurantsPredictions and ForecastsCostcoTargetDept. GroceryDeliveryAssociatesAgencies 0 Saving Bookmark this article Bookmarked
Channel: Club Costco To Open New Furniture-and-Appliances-Only Store The Street reports that Costco “plans to open a store solely dedicated to furniture and appliances.” The story notes that “most of Costco’s 850 global locations are its classic warehouse model that sells food, household goods, and lots of other things. The chain has opened a handful of ‘Business Centers,’ in recent years, locations that […] MorningNewsBeat February 28, 2024February 28, 2024 < 1 min read CostcoDept. NonfoodStore LocationDept. AppliancesOperations & Supply ChainPredictions and ForecastsCompetitionDept. Toys & GamesDept. GroceryBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Amazon’s Data Drives Fresh Food Fast with Reservations for Grocery Pick-Up or Delivery On average, grocery shoppers buy approximately 260 different items at the grocery store throughout the year, with just over 100 of them food items. It’s interesting to note that grocery store typically stock, a much larger variety of products, with an average of 35,829 items. According to Steven Johnson grocery stores understand just how […] Grocerant Guru February 27, 2024February 27, 2024 3 min read Dept. GroceryAmazonData & InsightsConsumersDept. FreshDeliveryMarketing: Social MediaShoppersBrick and MortarDept. PerimeterDept. BeverageMeta (Facebook)BOPISTwitterCostcoStrategyDept. DairyESG and CSRMerchandising 0 Saving Bookmark this article Bookmarked
Channel: Grocery FTC sues to block Kroger-Albertsons merger WASHINGTON — The Federal Trade Commission has filed a lawsuit to block Kroger’s proposed $25 billion merger with Albertsons Cos., contending that consumers will see higher prices and workers will see lower wages if the deal goes through. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over […] MMR February 26, 2024February 26, 2024 2 min read MergersKrogerConsumersAlbertsons / SafewayRegional GroceryGovernmentAssociatesAcquisitionBrick and MortarDept. GroceryOperations & Supply ChainCompetitionDivestituresLegal & CriminalDept. FreshEconomyCostcoHealth & WellnessDept. PerimeterC&S Wholesale GrocersOwned Brands (Private Label)AmazonResults & InvestmentWalmart 0 Saving Bookmark this article Bookmarked
Channel: Club Ford, Disney, Costco and more — Jim Cramer provides his updated views on each Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. CNBC February 23, 2024February 23, 2024 < 1 min read Costco 0 Saving Bookmark this article Bookmarked
Corporate Finance Strong earnings and an online advertising play by Walmart have us wondering about Costco Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. CNBC February 20, 2024February 20, 2024 < 1 min read WalmartResults & InvestmentCostco 0 Saving Bookmark this article Bookmarked
Shopper & Customer Boston Market Once Successful Now Stuck in Failure Mode according to the Grocerant Guru® Boston Market, formerly known as Boston Chicken, began serving its homestyle meals of spit-roasted rotisserie chickens, made-from-scratch cornbread, and creamy mac and cheese in 1985. As it grew in popularity, it had about 1,200 locations at one time, according to Restaurant Business. Today there are just over 300 locations in the United States and Puerto […] Grocerant Guru February 19, 2024February 19, 2024 4 min read ShoppersData & InsightsDept. GroceryConsumersDept. FreshBrick and MortarRestaurantsMarketing: Social MediaAcquisitionTechnology & InnovationWegmansWhole FoodsAssociatesCompetitionDept. DairyDept. Fresh PreparedDeliveryDept. PerimeterTrends: Food and BeverageCostcoRegional GroceryMarketing: Loyalty & SubscriptionInclusivityHealth & WellnessESG and CSRPricing & Promotions 0 Saving Bookmark this article Bookmarked
Channel: Club Kroger CFO Millerchip departs for Costco He succeeds CFO Richard Galanti, who is leaving that role at Costco on March 15 0 Author Missing February 17, 2024February 17, 2024 < 1 min read ExecutivesCostcoKroger 0 Saving Bookmark this article Bookmarked
Shopper & Customer Your Views: Finally MNB reader Doug Galli has a reaction to my argument that while Amazon may try to steer shoppers to products with higher margins, so do many retailers: Kevin, you are correct on this point of how retailers “merchandise” and market their respective stores. You work to steer customers toward higher margin products, which might not […] MorningNewsBeat February 14, 2024February 14, 2024 8 min read ShoppersAmazonTech: CashierlessStreamingBrick and MortarWalmartMerchandisingOperations & Supply ChainConsumersTargetMarketing: BroadcastDept. ApparelExecutivesCOVID19Marketing: Digital MediaDept. NonfoodPredictions and ForecastsResults & InvestmentInternationalEconomyCompetitionDeliveryRegional GroceryCostcoData & InsightsMarketing: UGCGovernmentDept. PaperAssociatesTechnology & InnovationStrategyStart UpsLegal & CriminalHealth & Wellness 0 Saving Bookmark this article Bookmarked
Channel: Grocery Kroger Presses Post-Merger-We’ll-Lower-Prices Argument Kroger this morning issued a press release that continues to make the argument – the same argument that it has made since first proposing the $24.6 billion acquisition of Albertsons – that it will lower prices once the deal is complete, and that it has a 20-year track record of lowering prices after it makes […] MorningNewsBeat February 13, 2024February 13, 2024 4 min read KrogerMergersTechnology & InnovationAIAlbertsons / SafewayRegional GroceryShoppersGovernmentAcquisitionCustomer ExperienceAssociatesPress ReleaseConsumersResults & InvestmentExecutivesPredictions and ForecastsCompetitionWalmartAhold DelhaizeAmazonDept. FreshTargetStrategyBrick and MortarHoliday & EventsCostcoData & InsightsDept. GroceryDollar GeneralMarketing: Direct & PersonalizationLegal & Criminal 0 Saving Bookmark this article Bookmarked
Channel: Grocery SN Top 10: Kroger, McDonald’s, CVS top the week’s headlines In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Kroger CFO Millerchip departs for Costco. Gary Millerchip is leaving his role as Kroger’s senior vice president and chief financial officer to beco Supermarket News February 13, 2024February 13, 2024 < 1 min read KrogerCVSExecutivesResults & InvestmentCostco 0 Saving Bookmark this article Bookmarked
Shopper & Customer Amazon Hit With New Consumer Lawsuit Reuters reports that Amazon has been sued “in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced items in order to earn extra fees … The case differs from other private litigation over the ‘Buy Box’ by focusing on harm […] MorningNewsBeat February 13, 2024February 13, 2024 2 min read ConsumersAmazonLegal & CriminalShoppersDeliveryPricing & PromotionsPredictions and ForecastsOwned Brands (Private Label)Operations & Supply ChainKrogerGovernmentCostcoTargetWalmart 0 Saving Bookmark this article Bookmarked
CPG: Food Listeria-Related Recalls Continue Nationwide From USA Today: A nationwide recall of products containing cheese with a risk for listeria contamination continues to grow larger with salad kits and taco kits sold at stores including Albertsons, Costco, Walmart, and WinCo being removed from shelves. “Rizo-López Foods of Modesto, California, on Feb. 5 recalled dozens of dairy products including Queso Fresco and Cotija Cheese, because […] MorningNewsBeat February 12, 2024February 12, 2024 < 1 min read Dept. DairyDept. GroceryRegional GroceryWhole FoodsAlbertsons / SafewayBrick and MortarCostcoGovernmentTrader JoesWalmartAmazonDept. FreshDept. RefrigeratedHomeChefKrogerPredictions and ForecastsPress ReleaseRestaurantsDelivery 0 Saving Bookmark this article Bookmarked
Channel: Club January was good to Costco Retailer posts year over year increases in same-store sales and total sales Supermarket News February 10, 2024February 10, 2024 < 1 min read Costco 0 Saving Bookmark this article Bookmarked
Channel: Grocery The Friday Checkout: Kroger’s CFO left for a rival. What does that say about its merger with Albertsons? Gary Millerchip jumped suddenly to Costco even as the blockbuster deal he helped engineer remains up in the air. Grocery Dive February 9, 2024February 9, 2024 < 1 min read Regional GroceryMergersKrogerExecutivesAlbertsons / SafewayCostco 0 Saving Bookmark this article Bookmarked
Corporate Strategy Costco CFO Set for Retirement, Hands Reins to Former Kroger Finance Chief After a journey of nearly four decades, Costco’s longstanding CFO, Richard Galanti, is preparing to step back from his role. The torch is being passed on to Gary Millerchip, an experienced executive and former finance chief at Kroger. RetailWire February 8, 2024February 13, 2024 < 1 min read ExecutivesResults & InvestmentKrogerCostco 0 Saving Bookmark this article Bookmarked
Channel: Grocery Wednesday Eye-Opener: Questions, Questions by Kevin Coupe Yesterday, we reported on Monday’s announcement that Gary Millerchip was stepping down as Kroger’s CFO after more than 15 years with the company, to join a then-unnamed company as its new CFO. Shortly thereafter, the name of that company was made public: Costco. The timing, to say the least, was interesting – […] MorningNewsBeat February 7, 2024February 7, 2024 3 min read KrogerExecutivesCostcoAlbertsons / SafewayRegional GroceryAcquisitionCompetitionMergersPredictions and ForecastsAmazonSustainabilityWalmart 0 Saving Bookmark this article Bookmarked
Channel: Grocery Acquisitions, Divestitures & Mergers Trends & External Forces Court sets late August start date for hearing on Kroger-Albertsons merger A federal judge in Oregon will decide during the proceeding whether to grant the FTC’s request to block the transaction. Written by Grocery Dive March 12, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Channel: Restaurants Department & Category Department: Consumer Durables Department: Food Department: Nonfood ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Merchandising Kids Like to Go Out to Eat ask Chuck E. Cheese Don’t want to cook, don’t want to do dishes, well according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® your kids don’t want you hear you complain about cooking dinner either. Chuck E. Cheese has a new program for that has a great chance to make the entire family happy according […] Written by Grocerant Guru March 11, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Channel: Grocery Corporate Finance Publix reports 49% growth in net earnings in FY23 US supermarket chain Publix has reported net earnings of $4.3bn in FY23, marking a 49% increase from FY22’s $2.9bn. The post Publix reports 49% growth in net earnings in FY23 appeared first on Retail Insight Network. Written by Retail Insights Network March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Channel: Mass Corporate Finance Media & Marketing Agencies & Vendors Data & Insights Trends & External Forces Target Q4 2023 Earnings Recap Target reported Q4 and 2023 financial results at its annual investor day on March 5, 2024. Quarterly comp performance improved sequentially from Q2 to Q4, but 2023 ended with comps down -3.7%. Profitability outperformed expectations as the company realized $2B of operating income growth in 2023 and reported notable gross margin improvements. The stock was […] Written by The Harvest Group March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Trends & External Forces CPG: Food Channel: Ecommerce & Digital Channel: Grocery Channel: Mass Department & Category Department: Beverage Department: Food Department: HBC Acquisitions, Divestitures & Mergers Corporate Strategy Corporate Finance ESG Partnerships & Alt Profit Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Retail Operations Associates & Employees Operations & Supply Chain Owned Brands (Private Label) Stores & Formats Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024 Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth. Written by Kroger March 7, 2024March 8, 2024 Saving Bookmark this article Bookmarked